
Cheap Homes for Rent near Tonka Bay, MN from $1,225 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Tonka Bay.


3975 Sunset Dr

7651 Nicholas Way

8434 Kimball Dr
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

19115 Homestead Cir

317 2nd St, Unit 1

17774 Evener Way

6015 Aspen Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Tonka Bay, MN Local Guide

How much does it cost to rent a home in Tonka Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tonka Bay 2 Bedroom Homes for Rent | $3,436 | $1,649 | $8,000 |
| Tonka Bay 3 Bedroom Homes for Rent | $4,128 | $2,100 | $7,500 |
| Tonka Bay 4 Bedroom Homes for Rent | $6,449 | $2,700 | $10,000+ |
| Tonka Bay 5 Bedroom Homes for Rent | $6,855 | $3,250 | $10,000+ |
| Tonka Bay 6 Bedroom Homes for Rent | $11,995 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Tonka Bay
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Tonka Bay, MN Local Guide
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Best Value Homes for Rent in Tonka Bay, MN and Nearby
As of September 22, 2026 the best value rental home in the Tonka Bay area is the $1.86 price per square foot 3115 County Rd 101 Model at 3115 County Rd 101 in the Glen Lake neighborhood starting from $2,950. The second greatest value Tonka Bay rental home is the 3975 Sunset Dr Model at 3975 Sunset Dr in the Outlying Hennepin Far Western Suburbs neighborhood starting at $1,975 with a $2.29 price per square foot. Here is today’s list of the best values for Tonka Bay homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3115 County Rd 101 | 3115 County Rd 101 | 3BR, 1.5BA | $1.86 |
| 3975 Sunset Dr | 3975 Sunset Dr | 1BR, 1BA | $2.29 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
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.
Read ArticleQuick Rent Budget Calculator
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 Tonka Bay
What type of rentals are currently available in Tonka Bay?
There are currently 60 Apartments for Rent in Tonka Bay, MN with pricing that ranges from $1,055 to $7,550. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tonka Bay ranging from $1,225 to $15,500.
What is the current price range for Rental Homes in Tonka Bay?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Tonka Bay ranges from $1,225 to $15,500 with an average monthly rent of $5,456.
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.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.