Rentometer, Inc. | Data as of 10/23/2025
Tonka Bay, a picturesque city nestled along the western shore of Lake Minnetonka, offers a tranquil yet well‑connected rental market that appeals to professionals, retirees, and families alike. While the local housing inventory leans heavily toward apartments, the community’s strong appeal lies in its serene lakefront views, easy access to major highways, and a vibrant small‑town atmosphere. Residents enjoy a mix of modern high‑rise units and charming low‑rise complexes, many of which are within walking distance of boutique shops, lakeside parks, and the historic Tonka Bay Village area.
Apartment rentals in Tonka Bay typically feature one‑ and two‑bedroom layouts that cater to a variety of lifestyle needs. One‑bedroom units generally fall in the $2000 range, offering open‑concept living spaces, updated kitchens, and convenient amenities such as on‑site fitness centers and secured parking. For those seeking more space, two‑bedroom apartments are commonly found in the $3300s, providing extra room for home offices or growing families while still maintaining proximity to the city’s scenic bike trails and waterfront promenades.
The city’s strong rental appeal is further enhanced by its excellent schools, well‑maintained public spaces, and a community-oriented vibe that encourages outdoor recreation and social gatherings. Whether you’re drawn by the allure of lakefront living, the convenience of short commutes to Minneapolis‑St. Paul, or the welcoming neighborhood spirit, Tonka Bay’s rental market offers a blend of comfort, convenience, and natural beauty that makes it a standout choice for renters in Minnesota.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $2,051 | $1,921 | $1,721 - $2,797 | $1,784 - $2,165 |
| Apartment | 2 Bedroom | $3,312 | $3,281 | $2,995 - $3,711 | $2,999 - $3,609 |
In the current period, the average rent in Tonka Bay was
$2,052 for 1 Bedroom, and
$3,313 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.