7771 Village St
ChanhassenMN55317
Cheap Homes for Rent in Tonka Bay, MN from $1,600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Tonka Bay.
13316 Zenith Ln
Eden PrairieMN55346
1544 Millpond Ct
ChaskaMN55318
8448 Kimball Dr
Eden PrairieMN55346
905 Braunworth Ct
ChaskaMN55318
14355 Fairway Dr
Eden PrairieMN55344
Tonka Bay
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
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 | $2,546 | $1,650 | $5,900 |
| Tonka Bay 3 Bedroom Homes for Rent | $3,060 | $2,599 | $4,000 |
| Tonka Bay 4 Bedroom Homes for Rent | $4,306 | $2,900 | $8,995 |
| Tonka Bay 5 Bedroom Homes for Rent | $6,614 | $3,495 | $10,000+ |
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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 Excelsior Manor Apartments in the Pinehurst neighborhood priced from $1,035. 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 Apartments | 1BR 1BA - 1st Floor | 1BR,1BA | $1,035 |
| 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 25, 2025 the best value apartment in the Tonka Bay area is the $1.45 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $1,999. The second greatest value Tonka Bay apartment is the 2BR/2.0BA Model at Powers Ridge Rental Condos starting at $1,895 with a $1.62 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 Townhomes | Hawthorne | 2BR,1.5BA | $1.45 |
| Powers Ridge Rental Condos | 2BR/2.0BA | 2BR,2BA | $1.62 |
| Highland Shores Apartments | Floorplan F | 1BR,1BA | $1.52 |
| Stratford Wood | Glenn | 2BR,1BA | $1.31 |
| Chanhassen Village | 2BR 1BA-U | 2BR,1BA | $1.57 |
| Wayzata Lake Apartments | 2BR/1.0BA | 2BR,1BA | $1.66 |
| Minnetonka Edgewater | Lake View One Bedroom | 1BR,1BA | $1.61 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.66 |
| Bay Pointe Apartments | 1BR / 1BA | 1BR,1BA | $1.51 |
| Christmas Lake Manor Apartments | One Bathroom/ One Bedroom | 1BR,1BA | $1.55 |
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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 $1,011 to $9,395. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tonka Bay ranging from $1,650 to $18,000.
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 $1,650 to $18,000 with an average monthly rent of $4,131.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.