Long-term Rental Rates — August 2026 · ZIPs: 55305,55345,55391
Local market data by Estaite
As of August 2026, rental prices in Minnetonka / Wayzata, MN range from $1,288 to $3,297 per month depending on property type and bedroom count.
The biggest year-over-year change is a -9.75% decrease for 1BR apartments in Minnetonka / Wayzata, MN.
For 2BR units, apartments have a median rent of $1,918, compared to condos/townhomes at $1,979 and single-family homes at $2,099.
What are the typical rent prices in Minnetonka / Wayzata, MN as of August 2026?
Rent prices in Minnetonka / Wayzata, MN start at $1,288 for a 1BR apartment and go up to $3,297 for a 4BR single-family home as of August 2026.
Is there any segment in Minnetonka / Wayzata, MN with a particularly high or low year-over-year change in August 2026?
Yes, 1BR apartments in Minnetonka / Wayzata, MN saw an outlier -9.75% year-over-year decrease, dropping to $1,288.
What is the premium gap between condos/townhomes and single-family homes for the same bedroom count in Minnetonka / Wayzata, MN?
For 3BR units, single-family homes rent for $2,829 while condos/townhomes rent for $2,666, making the premium gap $163 per month in favor of single-family homes.
How do apartment and single-family home rents compare for the same bedroom count in Minnetonka / Wayzata, MN?
For 1BR units, apartments rent for $1,288 while single-family homes are at $1,677, creating a premium gap of $389 per month in favor of single-family homes.
Minnetonka / Wayzata, MN
August 2026
55305,55345,55391
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,237 – $1,340
-5.82%
-9.75%
2-Bedroom
$1,822 – $2,014
0.89%
7.75%
3-Bedroom
$2,312 – $2,504
0.77%
-2.26%
4-Bedroom
$2,934 – $3,062
0.89%
2.11%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,532 – $1,610
0.60%
2.16%
2-Bedroom
$1,930 – $2,029
-0.13%
1.85%
3-Bedroom
$2,586 – $2,746
2.05%
-0.04%
4-Bedroom
$2,994 – $3,169
1.23%
2.42%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,635 – $1,719
-1.80%
0.56%
2-Bedroom
$2,030 – $2,173
1.68%
6.05%
3-Bedroom
$2,744 – $2,914
-2.20%
-1.41%
4-Bedroom
$3,149 – $3,446
2.09%
2.86%
Data updated: September 22, 2026
Minnetonka / Wayzata Rental Trends
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
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
$1,651
$3,094
$4,232
$2,889
February 2026
$1,672
$3,092
$4,070
$2,923
January 2026
$1,442
$1,774
$2,462
$2,950
December 2025
$1,460
$1,799
$2,481
$2,971
November 2025
$1,454
$1,773
$2,487
$2,976
October 2025
$1,448
$1,790
$2,462
$2,960
September 2025
$1,419
$1,775
$2,443
$2,936
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
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
$1,523
$1,896
$2,590
$2,934
February 2026
$1,532
$1,979
$2,693
$3,118
January 2026
$1,530
$1,913
$2,609
$2,976
December 2025
$1,546
$1,926
$2,629
$3,002
November 2025
$1,550
$1,923
$2,651
$3,019
October 2025
$1,540
$1,892
$2,650
$3,020
September 2025
$1,535
$1,912
$2,632
$3,010
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
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
$1,683
$2,405
$2,763
$3,338
February 2026
$1,678
$1,971
$2,995
$3,227
January 2026
$1,675
$1,971
$2,729
$3,094
December 2025
$1,681
$1,985
$2,762
$3,127
November 2025
$1,688
$1,995
$2,787
$3,135
October 2025
$1,685
$1,993
$2,795
$3,120
September 2025
$1,679
$1,983
$2,777
$3,179
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