Cheap Apartments for Rent in Tonka Bay, MN from $800 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Tonka Bay.

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Excelsior Lake
2 Bedroom Apartments

Excelsior Lake

500-520 Linden StExcelsior, MN 55331
  • Utilities Included
Showing Results 1-26, Page 1 of 1

Tonka Bay, MN Local Guide

Cheapest Available Tonka Bay Apartments for Rent and Nearby

 

The cheapest available apartment rental in Tonka Bay, MN is a 2 Beds unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,200. Langdon Lake Apartments in the Outlying Hennepin Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Tonka Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Christmas Lake Manor ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1,200
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Hunters RidgeJennings1BR,1BA$1,230
Minnetonka EdgewaterOne Bedroom, One Bathroom1BR,1BA$1,250
Bay Pointe Apartments1 BR 1BA - Upgraded1BR,1BA$1,290
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1,299
Stratford WoodGlenn2BR,1BA$1,322
Chanhassen Village2BR 1BA2BR,1BA$1,380
Greenwood ManorOne Bedroom B1BR,1BA$1,415
Springs at McKnight LakeStudio Grand OverlookStudio,1BA$1,446

Best Value Apartments for Rent in Tonka Bay, MN and Nearby

As of May 31, 2025 the best value apartment in the Tonka Bay area is the $1.66 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,299. The second greatest value Tonka Bay apartment is the 1A Model at Lake Hazeltine Woods starting at $2,045 with a $1.67 price per square foot in the Laketown Colonial Townhomes neighborhood. Here is today’s list of the best values for Tonka Bay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Saddlewood Park TownhomesHawthorne2BR,1.5BA$1.66
Lake Hazeltine Woods1A1BR,1BA$1.67
Greenwood ManorOne Bedroom B1BR,1BA$1.26
Christmas Lake Manor ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1.24
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Wayzata Lake Apartments2BR/1.0BA2BR,1BA$1.66
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Highland Shores ApartmentsFloorplan G1BR,1BA$1.75
Minnetonka EdgewaterOne Bedroom, One Bathroom1BR,1BA$1.72
Hunters RidgeJennings1BR,1BA$1.77

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Remember the 3 Rules of Real Estate:
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Getting Around Tonka Bay, MN

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Tonka Bay Apartments

What is the Cheapest Studio apartment in Tonka Bay?

Currently the most affordable Cheap Studio Apartment in Tonka Bay is at Springs at McKnight Lake listed at $1,480.

How much is rent for a Cheap One Bedroom Tonka Bay Apartment?

The lowest price for a Cheap One Bedroom Tonka Bay Apartment is $1,230 at Hunters Ridge.

What is the lowest price for a Cheap Two Bedroom Tonka Bay Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Tonka Bay is starting from $1,200 at Christmas Lake Manor Apartments.

What is the most affordable Tonka Bay Three Bedroom Apartment?

The best deal on a cheap Tonka Bay Three Bedroom Apartment rental is at Springs at McKnight Lake and starts from $2,441.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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The Art of the Rental Viewing: What to look for during a property tour

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.