810 9th Ave S
HopkinsMN55343
Cheap Homes for Rent in Tonka Bay, MN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Tonka Bay.
946 Westbrooke Way
HopkinsMN55343
805 Smetana Rd
HopkinsMN55343
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.
533 Maple Square
WayzataMN55391
1033 Bluff Ave E
ShakopeeMN55379
5420-5422 Mallard Ln
ExcelsiorMN55331
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
6876 Crosby Ct
ExcelsiorMN55331
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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 | $2,068 | $1,325 | $3,000 |
| Tonka Bay 3 Bedroom Homes for Rent | $4,848 | $2,200 | $10,000+ |
| Tonka Bay 4 Bedroom Homes for Rent | $6,648 | $4,000 | $8,995 |
| Tonka Bay 5 Bedroom Homes for Rent | $4,100 | $3,200 | $5,000 |
| Tonka Bay 6 Bedroom Homes for Rent | $2,850 | $2,200 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 Studio unit found at Excelsior Manor in the Pinehurst neighborhood priced from $995. Bay Pointe Apartments in the Pinehurst neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here is today’s list of the most affordable Tonka Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Excelsior Manor | Studio/1ba | Studio,1BA | $995 |
| Bay Pointe Apartments | 1BR / 1BA | 1BR,1BA | $1,055 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in Tonka Bay, MN and Nearby
As of March 23, 2026 the best value apartment in the Tonka Bay area is the $1.55 price per square foot Hawthorne Model at Saddlewood Park in the in the Glen Lake neighborhood starting from $2,145. The second greatest value Tonka Bay apartment is the Evergreen Model at Lake Susan Apartments starting at $2,295 with a $1.71 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. |
|---|---|---|---|
| Saddlewood Park | Hawthorne | 2BR,1.5BA | $1.55 |
| Lake Susan Apartments | Evergreen | 3BR,2BA | $1.71 |
| Highland Shores Apartments | Floorplan A | 2BR,2BA | $1.55 |
| Hazeltine Shores | Woodridge | 2BR,1.8BA | $1.75 |
| Chanhassen Village | 2BR 1BA-U-1 | 2BR,1BA | $1.47 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Stratford Wood | Timberland | 1BR,1BA | $1.61 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
| Excelsior Manor | Studio/1ba | Studio ,1BA | $1.81 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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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 61 Apartments for Rent in Tonka Bay, MN with pricing that ranges from $1,000 to $8,950. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tonka Bay ranging from $1,198 to $10,000.
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 $1,198 to $10,000 with an average monthly rent of $3,623.
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
Written by: Stephanie Lica
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.