Cheap Homes for Rent in Tonka Bay, MN from $1,300 (8 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating 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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Tonka Bay - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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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 Studio unit found at Excelsior Manor Apartments in the Pinehurst neighborhood priced from $1,005. 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 ListingModel NameBed/BathPriced From
Excelsior Manor ApartmentsStudio/1baStudio,1BA$1,005
Hunters RidgeCrystalStudio,1BA$1,085
Christmas Lake Manor ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1,125

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

As of May 12, 2025 the best value apartment in the Tonka Bay area is the $1.74 price per square foot Windsor Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,495. The second greatest value Tonka Bay apartment is the 1A Model at Lake Hazeltine Woods starting at $2,175 with a $1.78 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 TownhomesWindsor3BR,2.5BA$1.74
Lake Hazeltine Woods1A1BR,1BA$1.78
Powers Ridge Rental Condos2BR/2.0BA2BR,2BA$1.62
Greenwood ManorOne Bedroom B1BR,1BA$1.26
Christmas Lake Manor ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1.16
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.25
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Harbor District ApartmentsLakeside One Bedroom with Bosch W/D1BR,1BA$1.70
Highland Shores ApartmentsFloorplan G1BR,1BA$1.75
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1.78

Quick 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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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 $9,395. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tonka Bay ranging from $1,300 to $19,750.

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 $1,300 to $19,750 with an average monthly rent of $4,254.

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

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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.