$2,495 Per Month
- 3 Beds
- 2.5 Baths
- 1,718 Sq Ft
- Townhouse for Rent
304 Pondridge Cir Unit 304, Wayzata, MN 55391
304 Pondridge Cir Unit 304, Wayzata, MN 55391
Frequently Asked Questions
How much does it cost to rent a townhouse in Wayzata, MN?
The median rent for a townhouse in Wayzata, MN is $3,500 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Wayzata, MN?
To comfortably afford the median rent in Wayzata, MN, a household needs to earn roughly $194,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,860 per month in Wayzata, MN, renters typically need to show $14,580 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Wayzata, MN?
In Wayzata, MN, the price-to-rent ratio is 19.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
