Minnetonka / Wayzata, MN
June 2026
55305,55345,55391
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,339 – $1,450 | 1.11% | -2.34% |
| 2-Bedroom | $1,652 – $1,826 | -0.90% | -0.13% |
| 3-Bedroom | $2,326 – $2,519 | -0.17% | 0.69% |
| 4-Bedroom | $2,839 – $3,014 | 0.85% | 2.46% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,500 – $1,577 | 1.04% | 2.42% |
| 2-Bedroom | $1,928 – $2,055 | 3.05% | 4.85% |
| 3-Bedroom | $2,490 – $2,644 | -0.76% | -1.66% |
| 4-Bedroom | $2,966 – $3,098 | 1.24% | 2.24% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,641 – $1,750 | 1.18% | 3.70% |
| 2-Bedroom | $2,000 – $2,114 | 1.38% | 4.66% |
| 3-Bedroom | $2,764 – $2,977 | -0.82% | 3.50% |
| 4-Bedroom | $2,995 – $3,181 | 0.01% | -1.87% |
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.