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Tonka Bay, MN Homes for Rent

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    $1,588 - $5,695 total monthly price

    Carrick Apartments and Townhomes

    1 - 3 Beds

    5603 Manitou Rd, Tonka Bay, MN 55331

    A wide range of one, two, and three-bedroom apartments and two-story direct entry townhomes are designed for ease. Light streams through the oversized windows and every home opens onto a private outdoor balcony or terrace. Each spacious floor plan is adorned with highly crafted soft-close cabinetry and quartz countertops throughout the kitchen and bathrooms. In-home washer and dryer, stainless

    5603 Manitou Rd, Tonka Bay, MN 55331
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    $2,200 total monthly price

    • 3 Beds
    • 1.5 Baths
    • 1,884 Sq Ft
    • Townhouse for Rent

    5420 Mallard Ln, Excelsior, MN 55331

    Cozy 3-bedroom half of a duplex in a secluded neighborhood of West Excelsior. Updated kitchen, brand new carpet and paint throughout, large backyard complete with deck. Tuck under single car garage, close to fabulous downtown Excelsior and the Lake Minnetonka community. Clean, comfortable, affordable, and ready to go! Quick occupancy available. $60 application fee per adult, 1 month deposit, and

    Barry Libengood Coldwell Banker Realty

    5420 Mallard Ln, Excelsior, MN 55331
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    $1,995 per month plus fees

    • 3 Beds
    • 1 Bath
    • 1,500 Sq Ft
    • House for Rent

    32 Woodpecker Ridge Rd, Excelsior, MN 55331

    Enjoy the Lake Minnetonka lifestyle in this cozy, new renovated 3-bedroom duplex in Excelsior! All new paint, new carpeting/flooring and appliances, ready for immediate occupancy!! This home offers a wood-burning fireplace, an attached garage and a huge backyard! It's a short walk to enjoy Lake Minnetonka & Tonka Bay, and you're a 1/2 mile from downtown Excelsior and Navarre. Don't miss this

    32 Woodpecker Ridge Rd, Excelsior, MN 55331
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    $1,250 - $1,375 per month plus fees

    Shorewood Place Apartments

    1 - 2 Beds

    5540 Cr-19, Shorewood, MN 55331

    18 two-bedroom apartments located just west of Excelsior. The apartments are 1000 square feet, air conditioned and include one garage. Enjoy the Loose Line walk and bike trail, Lake Minnetonka, and the town of Excelsior.

    5540 Cr-19, Shorewood, MN 55331
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    $2,295 per month plus fees

    • 3 Beds
    • 1 Bath
    • 1,560 Sq Ft
    • House for Rent

    5580 Shorewood Ln, Shorewood, MN 55331

    Wonderful 3-bedroom twin home for rent in the heart of Excelsior available 11/1/2025! Freshly painted throughout and brand new carpeting installed! This home offers an open kitchen, dining and family room with a fireplace and sliding glass door to the patio and a huge private backyard! There are 2 bedrooms and a full bath on the upper level and the 3rd bedroom with a 1/2 bath and laundry located

    5580 Shorewood Ln, Shorewood, MN 55331

Why Live in Tonka Bay

Tonka Bay, MN, is a small lakeside community on Lake Minnetonka, just under one square mile in size and located 20 miles west of downtown Minneapolis. Known for its luxurious lake life and active lifestyle, Tonka Bay offers a picturesque setting that feels like a vacation year-round. The city has a rich history, including the propagation of the Wealthy apple by horticulturist Peter Gideon in 1864 and the establishment of the Tonka Bay Marina on Echo Bay. The real estate market is highly competitive, with lakefront homes driving up prices, and limited inventory under $1 million. Families are served by the Minnetonka Public School District, which is highly rated and offers programs such as Spanish language immersion at Minnewashta Elementary School. Tonka Bay has limited commercial development, but residents can enjoy local dining at Caribou Coffee and Hazelwood Food and Drink, or recreational activities at Country Club Lanes. The community features expansive green spaces, public parks, and water access, with wildlife sightings common in residential areas. Manitou Park is undergoing renovations to include new baseball fields, a playground, and a hockey rink. Tonka Bay is investing in infrastructure improvements, including water main replacements and road resurfacing, enhancing the quality of life for its residents.

Frequently Asked Questions

What are the most popular neighborhoods in Tonka Bay, MN for renters?
The most popular neighborhoods in Tonka Bay, MN for renters are Sherwood Forest and Kingswood-Ashcroft-Stratford.
What are the most popular zip codes in Tonka Bay, MN for renters?
The most popular zip codes in Tonka Bay, MN for renters include 55331, 55391, 55364, 55346 and 55317.
How to Rent a Home