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$1,4002 Bedroom Apartments Available Now
317 2nd St, Unit 7
317 2nd StExcelsior, MN 55331
Cheap Homes for Rent in Tonka Bay, MN from $1,400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Tonka Bay.
4470 Denbigh Rd
MoundMN55364
13316 Zenith Ln
Eden PrairieMN55346
4407 Wilshire Blvd
MoundMN55364
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
8920 Pheasant Ln
Saint BonifaciusMN55375
6010 Chasewood Pkwy
HopkinsMN55343
3524 County Rd 101
MinnetonkaMN55345
7689 Nicholas Way
ChanhassenMN55317
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-8, Page 1 of 1
Tonka Bay, MN Local Guide
Lake Minnetonka by m01229 is licensed under CC BY 2.0
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 | $2,209 | $1,750 | $3,595 |
| Tonka Bay 3 Bedroom Homes for Rent | $4,156 | $1,495 | $10,000+ |
| Tonka Bay 4 Bedroom Homes for Rent | $6,221 | $3,490 | $8,995 |
| Tonka Bay 5 Bedroom Homes for Rent | $5,299 | $3,500 | $9,500 |
| Tonka Bay 6 Bedroom Homes for Rent | $11,947 | $8,900 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Tonka Bay
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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 Studio apartment currently listed from $1,085. 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 | Crystal | Studio,1BA | $1,085 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Tonka Bay, MN and Nearby
As of June 22, 2026 the best value apartment in the Tonka Bay area is the $1.54 price per square foot Floorplan A Model at Highland Shores Apartments in the in the The Preserve neighborhood starting from $1,915. The second greatest value Tonka Bay apartment is the 2 Bedroom Model at Shorewood Place Apartments starting at $1,295 with a $1.34 price per square foot in the Pinehurst 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. |
|---|---|---|---|
| Highland Shores Apartments | Floorplan A | 2BR,2BA | $1.54 |
| Shorewood Place Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Lake Susan Apartments | Oak | 1BR,1BA | $1.91 |
| 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 |
| Minnetonka Edgewater Apartments and Boat Slips | The Shoreline | 1BR,1BA | $1.82 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.54 |
| Hunters Ridge | Crystal | Studio ,1BA | $1.93 |
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.
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Enjoy 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 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.
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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 62 Apartments for Rent in Tonka Bay, MN with pricing that ranges from $1,075 to $8,750. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tonka Bay ranging from $1,495 to $14,995.
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 $1,495 to $14,995 with an average monthly rent of $5,284.
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
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.
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.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.