
Cheap Apartments for Rent in Tonka Bay, MN from $800 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Tonka Bay.


Christmas Lake Manor Apartments

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Hunters Ridge

Bayview Apartments

3455 Shoreline Dr

Chanhassen Village

Minnetonka Edgewater Apartments and Boat Slips

Lakecrest Village
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Langdon Lake Apartments

Shorewood Place Apartments

Bay Pointe Apartments

Harbor District Apartments

Wayzata Lake Apartments

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Venue on 78th

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Springs at McKnight Lake

Highland Shores Apartments
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Heritage Park Apartments

Morse Manor

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Hazeltine Shores

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Victoria Flats

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Lake Susan Apartments

THE PLAZA at Hazeltine Apartments

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Excelsior Shores

One West Drive
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AbleLight Village

3812 Park Ln

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The Stax of Long Lake

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Lake Hazeltine Woods

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Powers Ridge Rental Condos

317 2nd St

Excelsior Lake

Tonkaway Apartments
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Excelsior Manor Apartments

Stratford Wood

Greenwood Manor

4040 North Shore Dr W

4407 Wilshire Blvd

6010 Chasewood Pkwy

3524 County Rd 101

7689 Nicholas Way
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Tonka Bay, MN Local Guide

How much does it cost to rent an apartment in Tonka Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tonka Bay Studio Apartments | $1,489 | $1,080 | $1,950 |
| Tonka Bay 1 Bedroom Apartments | $1,741 | $1,105 | $3,250 |
| Tonka Bay 2 Bedroom Apartments | $2,544 | $1,200 | $8,750 |
| Tonka Bay 3 Bedroom Apartments | $3,319 | $1,350 | $6,218 |
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Tonka Bay, MN Local Guide
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Cheapest Available Tonka Bay Apartments for Rent and Nearby
 The cheapest available apartment rental in Tonka Bay, MN is a 1 Bed unit found at Christmas Lake Manor Apartments in the Pinehurst neighborhood priced from $1,075. Hunters Ridge in the Glen Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,180. Here is today’s list of the most affordable Tonka Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,075 |
| Hunters Ridge | Jennings | 1BR,1BA | $1,180 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1,200 |
| Minnetonka Edgewater Apartments and Boat Slips | The Shoreline | 1BR,1BA | $1,295 |
| Bay Pointe Apartments | 2 BR 1 BA - 1st floor | 2BR,1BA | $1,310 |
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1,350 |
| Stratford Wood | Timberland | 1BR,1BA | $1,357 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR,1BA | $1,395 |
| Springs at McKnight Lake | Studio Grand Overlook | Studio,1BA | $1,501 |
Best Value Apartments for Rent in Tonka Bay, MN and Nearby
As of July 24, 2026 the best value apartment in the Tonka Bay area is the $1.87 price per square foot Cedar Model at Lake Susan Apartments in the in the Pinehurst neighborhood starting from $2,103. The second greatest value Tonka Bay apartment is the 2BR/1.0BA Model at Wayzata Lake Apartments starting at $1,835 with a $1.93 price per square foot in the Groveland neighborhood. Here is today’s list of the best values for Tonka Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Susan Apartments | Cedar | 2BR,2BA | $1.87 |
| Wayzata Lake Apartments | 2BR/1.0BA | 2BR,1BA | $1.93 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Bay Pointe Apartments | 2 BR 1 BA - 1st floor | 2BR,1BA | $1.52 |
| Highland Shores Apartments | Floorplan G | 1BR,1BA | $1.84 |
| 3455 Shoreline Dr | 2 Bed/1 Bath | 2BR,1BA | $1.69 |
| Harbor District Apartments | Large one bedroom with in unit W/D | 1BR,1BA | $1.86 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Hunters Ridge | Jennings | 1BR,1BA | $1.70 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.54 |
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From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Tonka Bay, MN Rentals by Map
See the most popular apartments and homes in Tonka Bay, MN
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 $1,501.
How much is rent for a Cheap One Bedroom Tonka Bay Apartment?
The lowest price for a Cheap One Bedroom Tonka Bay Apartment is $1,075 at Christmas Lake Manor Apartments.
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 Langdon Lake Apartments.
Expert Rental Resources
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.
Helpful Local Expert Guides

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.

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Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
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.
Articles, How-To's, and Tips

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