Minnetonka Apartments and Rentals

Just touching the eastern edge of the lake that shares its name, Minnetonka is the quintessential Minnesota suburb - a snowy, quiet retreat with a healthy sense of local pride. With great parks, lakes and access to Minneapolis, it’s no wonder so many people and businesses have decided to make Minnetonka home.

Residents looking for apartments for rent in Minnetonka will enjoy the town’s natural beauty and varied amenities. A modern community with the convenience of nearby cities and recreation, Minnetonka appeals to people in all types of living situations.

Once a sacred thoroughfare for the Dakota Sioux and Ojibwa Chippewa, the headwaters of Minnehaha Creek, which feed into Lake Minnetonka, have a long history of attracting visitors and residents. In the late 19th century Lake Minnetonka became a popular tourist destination, with steamboats and luxurious Victorian hotels lining its streets.

The modern town of Minnetonka stems from a series of mills and development along the creek in the area now known as Minnetonka Mills, as well as from groupings of businesses in what are now the Glen Lake, Groveland and Oak Knoll neighborhoods. Beginning in the 1960s, the sleepy town began to see an influx of residents drawn in by improved bus and highway service to Minneapolis.

Today around 50,000 people call Minnetonka home, according to 2010 U.S. Census data, and the town is busy with the activities of several locally headquartered major companies. Apartments in Minnetonka provide locals with a dynamic community and charming home in nature while at the same time offering easy access to the nearby Twin Cities.

Minnetonka is home to a branch of National American University, and residents can also take advantage of the short commute to the many private and public institutions in the Twin Cities area, including the University of Minnesota.

The town developed as something of a commuter hub, and it offers convenient transportation, including park and ride options and access to Interstate 494. However, Minnetonka is also home to several large companies, and many residents work locally. Among the businesses based in Minnetonka are health insurance company UnitedHealth Group, agricultural supply company Cargill and hospitality company Carlson. Emerson Process Management, Starkey Labs and SuperValu also all provide a number of local jobs.

Minnetonka is a community of mostly homeowners, and low apartment availability keeps rent prices relatively high. The town’s expansive layout also makes it challenging to live here without a car.

The median gross rent from 2008-2010 in Minnetonka was $984, according to U.S. Census Bureau data.

With access to Lake Minnetonka via Grays Bay, Minnetonka is an appealing location for outdoor recreation. In addition to Lake Minnetonka, residents have access to more than 1,000 acres of nearby public space and more than 80 miles of trails and sidewalks spread out across nearly 50 parks. Public beaches are open at Shady Oak Lake and Libbs Lake during the summer, while winter allows for multiple outdoor skating rinks to supplement the two indoor ice arenas.

Shoppers can head to Ridgedale Center, an area retail destination, while facilities like the Arts Center on 7 provide the town with cultural activities. Year-round festivals provide family fun, and residents looking for more to do can head into Minneapolis or St. Paul, where world-class theater, art, music, dining and more are just a short trip away.

To find a Minnetonka apartment or rental, check out our apartment listings. Rent.com® is happy to help you find your next home.