The Island Residences

Starting at $1,984

501 Carlson Pkwy

Minnetonka, MN 55305
Studio-3 Beds
1-2 Baths
595+ Sq Ft

About The Island Residences

Retreat to The Island Residences at Carlson Center, a stunning, 5 story Class A apartment community in Minnetonka. We are uniquely nestled within a secluded and serene natural oasis of lush greenery bounded by water on all sides. In our well-appointed alcove and one to three bedroom apartment homes, our residents and guests will enjoy the trails and trees surrounding the property, heated underground parking, and the surrounding lake views. . We offer first-class amenities including a clubroom, an onsite guest suite, coffee lounge with WiFi, sauna and spa, and a fitness center that will include world-class strength training and cardiovascular equipment with individual televisions, a stretching area, and free weights. The community will also provide direct access to outdoor amenities, including waterfront views, a pool deck featuring an outdoor grilling lounge and kitchen, fire pit and an exquisite lap pool.

Listing Provided By

Pricing and Floor Plans

The total monthly price shown includes only the required fees. Additional fees may still apply to your rent. Use the rental calculator to estimate all potential associated costs.

1 Bedroom

Emerald

$1,984-$2,004 total monthly price

1 Bed, 1 Bath, 752 Sq Ft

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Emerald Floor Plan
2 Available Units
Unit Price Sq Ft Availability
230 $1,979 752 Now
323 $1,999 752 Dec 17

2 Bedrooms

Harrison South

$2,906-$2,926 total monthly price

2 Beds, 2 Baths, 1,124 Sq Ft

https://imagescdn.homes.com/i2/u9JvLKWI6YIzYoY3mbM9tq_cxj0rOBsLFDcb-HOvgqo/116/the-island-residences-minnetonka-mn-5.jpg?t=p&p=1
Harrison South Floor Plan
2 Available Units
Unit Price Sq Ft Availability
427 $2,921 1,124 Dec 20
329 $2,901 1,124 Jan 24, 2026

Harrison North

$2,971-$2,996 total monthly price

2 Beds, 2 Baths, 1,145 Sq Ft

https://imagescdn.homes.com/i2/VJRgxJN-Lo_uDLEkOJ7oDgKJhUU-emxwvy5BKkH6WVs/116/the-island-residences-minnetonka-mn-3.jpg?t=p&p=1
Harrison North Floor Plan
2 Available Units
Unit Price Sq Ft Availability
126 $2,991 1,145 Now
128 $2,966 1,145 Dec 27

3 Bedrooms

Lafayette

$3,725-$3,790 total monthly price

3 Beds, 2 Baths, 1,457 Sq Ft

https://imagescdn.homes.com/i2/_j-wPvuXMGjWRrztvfVhCcve4WSropjLPYwuHAmbiM8/116/the-island-residences-minnetonka-mn-4.jpg?p=1
Lafayette Floor Plan
2 Available Units
Unit Price Sq Ft Availability
107 $3,720 1,457 Dec 16
508 $3,785 1,457 Feb 7, 2026

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the Rent Estimate Calculator to determine your monthly and one-time costs based on your requirements.

Utilities And Essentials

Utility - Billing Administrative Fee
Amount to manage utility services billing.
Utility - Water
Usage-Based (Utilities).Amount for provision and consumption of water
Trash Services - Hauling
Amount for shared trash/waste services.
Utility - Natural Gas - Third Party
Usage-Based (Utilities).Amount for provision and consumption of natural gas paid to a third party.
Utility - Electric - Third Party
Usage-Based (Utilities).Amount for provision and consumption of electric paid to a third party.
Utility - Sewer
Usage-Based (Utilities).Amount for provision of sewer services.
Renters Liability Insurance - Third Party
Amount for renters liability insurance obtained through resident's provider of choice.
Utility - Stormwater/Drainage
Usage-Based (Utilities).Amount for provision of storm water services.
Utility - Billing Administrative Fee
$5.35 / mo
Utility - Water
Varies
Trash Services - Hauling
Varies
Utility - Natural Gas - Third Party
Varies
Utility - Electric - Third Party
Varies
Utility - Sewer
Varies
Renters Liability Insurance - Third Party
Varies
Utility - Stormwater/Drainage
Varies

One-Time Basics

Due at Application
Administrative Fee
Amount to facilitate move-in process for a resident.
Application Fee
Amount to process application, initiate screening, and take a rental home off the market.
Due at Move In
Security Deposit (Refundable)
Amount intended to be held through residency that may be applied toward amounts owed at move-out. Refunds processed per application and lease terms.
Due at Application
Administrative Fee
$150
Application Fee
$50
Due at Move In
Security Deposit (Refundable)
$500

Parking

Parking Fee
Amount for electric vehicle space; reserved or pay-per-use station. May be subject to availability.
Parking Fee
Amount for covered parking space/services. May be subject to availability.
Parking Fee
$150 / mo
Parking Fee
$30 - $125 / mo

Pets

Pet Fee
Amount to facilitate authorized pet move-in.
Pet Rent
Monthly amount for authorized pet.
Pet Fee
$250
Pet Rent
$50 - $75 / mo

Storage

Storage Fee
Amount for usage of optional storage space. May be subject to availability.
Storage Fee
$130 / mo

Personal Add-Ons

Cable TV and Internet Services
Amount for cable and internet services in rental home.
Renters Liability Only - Non-Compliance
Amount for not maintaining required Renters Liability Policy.
Cable TV and Internet Services
Varies
Renters Liability Only - Non-Compliance
$15 / occurance

Situational

Lease Violation
Amount for violation of community policies and/or per lease terms.
Intra-Community Transfer Fee
Amount due when transferring to another rental unit within community.
Lease Buy Out
Amount agreed upon by resident to terminate lease early and satisfy lease terms; additional conditions apply.
Late Fee
Amount for paying after rent due date; per terms of lease.
Insufficient Move-Out Notice Fee
Amount for not providing notice to move-out as required by lease.
Access/Lock Change Fee
Amount to change or reprogram access to rental home.
Access Device - Replacement
Amount to obtain a replacement access device for community; fobs, keys, remotes, access passes.
Access Fee - After Hours
Amount for access to rental home after business hours.
Utility - Vacant Cost Recovery
Usage-Based (Utilities).Amount for utility usage not transferred to resident responsibility any time during occupancy.
Returned Payment Fee (NSF)
Amount for returned payment.
Utility - Vacant Processing Fee
Amount for failing to transfer utilities into resident name.
Lease Violation
Varies
Intra-Community Transfer Fee
$500 / occurance
Lease Buy Out
200.00% of base rent / occurance
Late Fee
7.99% of base rent / occurance
Insufficient Move-Out Notice Fee
100.00% of base rent / occurance
Access/Lock Change Fee
$100 / occurance
Access Device - Replacement
$100 / occurance
Access Fee - After Hours
$50 / occurance
Utility - Vacant Cost Recovery
Varies
Returned Payment Fee (NSF)
$30 / occurance
Utility - Vacant Processing Fee
$17.42 / occurance

Property Fee Disclaimer: Standard Security Deposit subject to change based on screening results; total security deposit(s) will not exceed any legal maximum. Resident may be responsible for maintaining insurance pursuant to the Lease. Some fees may not apply to apartment homes subject to an affordable program. Resident is responsible for damages that exceed ordinary wear and tear. Some items may be taxed under applicable law. This form does not modify the lease. Additional fees may apply in specific situations as detailed in the application and/or lease agreement, which can be requested prior to the application process. All fees are subject to the terms of the application and/or lease. Residents may be responsible for activating and maintaining utility services, including but not limited to electricity, water, gas, and internet, as specified in the lease agreement.

Map

Minnesota Hennepin County Minnetonka 55305

501 Carlson Pkwy, Minnetonka, MN

For Rent

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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