Minnetonka / Wayzata, MN
April 2026
55305,55345,55391
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,284 – $1,391 | -4.39% | -4.00% |
| 2-Bedroom | $1,709 – $1,889 | -0.90% | 5.60% |
| 3-Bedroom | $2,321 – $2,550 | -2.04% | 3.14% |
| 4-Bedroom | $2,841 – $2,983 | 0.07% | 2.80% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,475 – $1,572 | -0.39% | 3.87% |
| 2-Bedroom | $1,910 – $2,049 | 3.38% | 7.28% |
| 3-Bedroom | $2,472 – $2,624 | -2.74% | -0.15% |
| 4-Bedroom | $2,907 – $3,036 | 0.14% | 2.68% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,669 – $1,754 | 0.63% | 6.54% |
| 2-Bedroom | $1,967 – $2,096 | -0.66% | 6.12% |
| 3-Bedroom | $2,729 – $2,938 | 1.76% | 5.86% |
| 4-Bedroom | $2,994 – $3,179 | -1.29% | 1.15% |
In the Minnetonka / Wayzata (55305, 55345, 55391) rental market, 1-bedroom apartments declined 4.4% month-over-month to $1,338, with a 4.0% decrease year-over-year. This pronounced drop highlights the weakest short-term performance among all apartment bedroom segments in Minnetonka / Wayzata (55305, 55345, 55391).
Across property types in Minnetonka / Wayzata (55305, 55345, 55391), 2-bedroom condos and townhomes registered a 3.4% month-over-month increase, reaching $1,979. This rise was notably stronger than the 2-bedroom apartment segment, which declined 0.9%, and single-family homes, which decreased 0.7% over the same period.
Analyzing Minnetonka / Wayzata (55305, 55345, 55391) rental trends, 3-bedroom single-family homes outperform 3-bedroom apartments by $286, with a median rent of $2,834 versus $2,548 for condos/townhomes. The single-family segment also posted a 5.9% year-over-year increase, far ahead of apartments at 3.1% and condos/townhomes at -0.1%.