Long-term Rental Rates — September 2026 · ZIPs: 55305,55345,55391
Local market data by Estaite
As of September 2026, rental prices in Minnetonka / Wayzata (55305, 55345, 55391), in the Minneapolis metro area, range from $1,508 to $3,250 per month depending on property type and bedroom count.
The biggest year-over-year change was for 2BR single-family homes in Minnetonka / Wayzata, MN, with a 7.78% increase compared to September 2025.
For 3-bedroom rentals, single-family homes ($2,892) outprice condos/townhomes ($2,651) and apartments ($2,608) in Minnetonka / Wayzata as of September 2026.
What is the overall range of rent prices in Minnetonka / Wayzata, MN for September 2026?
Median rents in Minnetonka / Wayzata, MN range from $1,508 per month for 1BR apartments up to $3,250 per month for 4BR single-family homes as of September 2026.
Which segment shows an unusually high month-over-month increase in Minnetonka / Wayzata, MN?
1BR apartments experienced a notably high month-over-month increase of 14.46% in September 2026, rising to $1,508.
What is the premium gap between condos/townhomes and single-family homes for 4BR rentals in Minnetonka / Wayzata, MN?
In September 2026, 4BR single-family homes rent for $3,250 while 4BR condos/townhomes rent for $3,068, resulting in a premium gap of $182 favoring single-family homes.
How do apartment and single-family rents compare for 2BR units in Minnetonka / Wayzata, MN?
As of September 2026, 2BR single-family homes rent for $2,157 per month, which is $324 higher than 2BR apartments at $1,833.
Minnetonka / Wayzata, MN· Minneapolis metro
September 2026
55305,55345,55391
Long-term Rental Rates
Long-term rental rates for Minnetonka / Wayzata (55305,55345,55391), in the Minneapolis metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,433 – $1,583
14.46%
6.76%
2-Bedroom
$1,741 – $1,925
-3.03%
2.64%
3-Bedroom
$2,472 – $2,743
7.79%
5.00%
4-Bedroom
$2,934 – $3,087
0.83%
1.96%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,538 – $1,617
0.59%
2.54%
2-Bedroom
$1,926 – $2,025
1.14%
2.26%
3-Bedroom
$2,572 – $2,731
-0.47%
-0.49%
4-Bedroom
$2,982 – $3,160
-0.20%
1.48%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,612 – $1,695
-1.73%
-1.52%
2-Bedroom
$2,081 – $2,232
2.47%
7.78%
3-Bedroom
$2,805 – $2,979
3.37%
2.63%
4-Bedroom
$3,103 – $3,396
-2.15%
1.66%
Data updated: October 19, 2026
Minnetonka / Wayzata Rental Trends · Minneapolis metro
In the Minnetonka / Wayzata (55305, 55345, 55391) rental market, 1-bedroom apartment median rent increased 3.47% month-over-month to $1,384 in May 2026, even as the segment saw a -1.36% decline year-over-year. This upward monthly movement marks the most pronounced short-term gain for apartments in Minnetonka / Wayzata (55305, 55345, 55391).
Among 3-bedroom rentals, single-family homes in Minnetonka / Wayzata (55305, 55345, 55391) lead at a median rent of $2,883 after a 1.84% month-over-month jump, outpacing 3-bedroom condo/townhome units, which reached $2,619 following a 1.29% MoM increase.
Recent data shows Minnetonka / Wayzata (55305, 55345, 55391) rental trends with 2-bedroom condo/townhome units rising 4.12% year-over-year to a median of $1,950. This segment’s YoY increase reflects sustained renter activity targeting mid-sized options.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
September 2026
$1,508
$1,833
$2,608
$2,997
August 2026
$1,288
$1,918
$2,408
$2,973
July 2026
$1,384
$1,889
$2,402
$2,947
June 2026
$1,395
$1,739
$2,423
$2,927
May 2026
$1,384
$1,761
$2,429
$2,902
April 2026
$1,338
$1,799
$2,435
$2,896
March 2026
$1,404
$1,811
$2,496
$2,893
February 2026
$1,400
$1,820
$2,515
$2,926
January 2026
$1,437
$1,779
$2,473
$2,954
December 2025
$1,459
$1,801
$2,500
$2,974
November 2025
$1,467
$1,785
$2,505
$2,979
October 2025
$1,451
$1,791
$2,482
$2,963
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
September 2026
$1,577
$1,975
$2,651
$3,068
August 2026
$1,571
$1,979
$2,666
$3,077
July 2026
$1,562
$1,956
$2,608
$3,039
June 2026
$1,538
$1,991
$2,567
$3,008
May 2026
$1,528
$1,950
$2,619
$2,971
April 2026
$1,524
$1,979
$2,548
$2,948
March 2026
$1,530
$1,919
$2,606
$2,944
February 2026
$1,537
$1,977
$2,655
$3,022
January 2026
$1,538
$1,946
$2,642
$2,987
December 2025
$1,557
$1,958
$2,663
$3,011
November 2025
$1,558
$1,962
$2,683
$3,030
October 2025
$1,551
$1,932
$2,683
$3,031
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
September 2026
$1,654
$2,157
$2,892
$3,250
August 2026
$1,677
$2,099
$2,829
$3,297
July 2026
$1,706
$2,072
$2,881
$3,189
June 2026
$1,696
$2,048
$2,870
$3,088
May 2026
$1,679
$2,018
$2,883
$3,095
April 2026
$1,694
$2,025
$2,834
$3,087
March 2026
$1,684
$2,039
$2,778
$3,129
February 2026
$1,679
$1,987
$2,798
$3,135
January 2026
$1,676
$1,991
$2,790
$3,123
December 2025
$1,682
$2,004
$2,822
$3,155
November 2025
$1,689
$2,013
$2,841
$3,154
October 2025
$1,686
$2,006
$2,825
$3,150
Similar Markets in Minneapolis-St. Paul-Bloomington