How many apartments are available in 55345 on Rentable.co?

Rentable.co has 4 apartments available for rent in 55345.

What is the average rent for an apartment in 55345?

The average rent for an apartment in 55345 is around $1,420 per month.

What is the average rent for a two-bedroom apartment in 55345?

The average rent for a two-bedroom apartment in 55345 is around $1,509 per month.

What is the average rent for a one-bedroom apartment in 55345?

The average rent for a one-bedroom apartment in 55345 is around $1,297 per month.

What is the average rent for a studio apartment in 55345?

The average rent for a studio apartment in 55345 is around $1,167 per month.

Apartments in 55345

Minnetonka:
May Rent Report

Welcome to the May 2024 Minnetonka Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Minnetonka rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Minnetonka and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Minnetonka average rent prices in the chart below.

Monthly Rent Report

$2,000

$1,500

$1,000

$500

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Minnetonka Rent Prices Increase From April to May

Minnetonka rent prices increased over the last month. From April to May, the city experienced a 0.07% increase for the price of a one-bedroom apartment. The rent price for a Minnetonka one-bedroom apartments currently stands at $1,502.0.

When we take a look at the two-bedroom comparison from April to May, Minnetonka experienced a 1.37% increase for the price of a two-bedroom apartment. The rent price for a Minnetonka two-bedroom apartments currently stands at $1,920.0.

May Prices: Minnetonka vs. Surrounding Areas

Rent Prices in Minnetonka and Surrounding Areas

Rent prices have increased in Minnetonka over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Minnetonka suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Minnetonka suburbs
Rents did not decrease in any of the Minnetonka suburbs.

May 2024 Pricing Trends: Minnetonka vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Minnetonka Rent Prices More Affordable Than Major Cities

Rent growth in Minnetonka over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Minnetonka average rent prices appear to be relatively affordable for local residents.

The price for a Minnetonka one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Minnetonka and surrounding area rent prices, take a look at the complete data set below.

Data set for Minnetonka and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.