Apartment for rent

Pet friendly

13 Hours Ago

9.7

Excellent

Verified

Tonkaway Apartments
818 3rd Ave, Excelsior, MN 55331, USA

Marathon ManagementOur team has verified this company

818 3rd Ave, Excelsior, MN 55331, USA

9.7

Excellent

Verified

Monthly rent	$1,125–$1,200
Beds	2
Baths	1
Sqft	756

Monthly rent	$1,125–$1,200
Beds	2
Baths	1
Sqft	756

13 Hours Ago

(952) 314-9017

Highlights

Pet Friendly

Spacious apartment homes
Quiet community

Location

818 3rd Ave, Excelsior, MN 55331, USA

Hi! Let’s figure out if this property is right for you.

Tour Tonkaway Apartments

Contact

Managed by

Management

Marathon Management

Leasing office

(952) 314-9017

Open

9:00 am–5:00 pm CT

Property Overview

Tonkaway Apartments receives a remarkable Zumper Expert Rating of 9.7, highlighting its exceptional value and quality. It features spacious apartments in a quiet community, with a strong emphasis on amenities, location, and affordability, scoring a perfect 10 in price and location ratings. Conveniently situated just over half a mile from public transport and a short distance to grocery stores, this property stands out as a trustworthy and appealing option for prospective renters.

Zumper Expert Rating

9.7

Excellent

Earning an outstanding 9.7 out of 10 overall rating, Tonkaway Apartments is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

Less expensive
Images Available
Laundry available on site

Great for

Pet owners

Floor plans

	2BR 1BA - Garden View	2 bed	1 bath	756 sqft	$1,125 /mo	1 unit available			**Check out these fantastic specials!!!!! • $100 off rent for 12 months!!! • $900 Deposit, upon approved credit!! • Application fee waived if application is received within 24 hours of a tour!!! Large screened porches...just off Hwy 7......garages...short walk to Lake Minnetonka Tonkaway Apartments offers spacious two-bedroom apartment homes in a quiet, well cared for community. Experience laketown living at its best in historic Excelsior, with year-round festivals and events. Explore the delightful specialty shops, antique shops, and restaurants downtown. There are beautiful lakes, parks, beaches and scenic hiking trails. And it's all within walking distance for your new home at Tonkaway Apartments.
	2BR 1BA - Balcony	2 bed	1 bath	756 sqft	$1,200 /mo	2 units available			**Check out these fantastic specials!!!!! • $100 off rent for 12 months!!! • $900 Deposit, upon approved credit!! • Application fee waived if application is received within 24 hours of a tour!!! Large screened porches...just off Hwy 7......garages...short walk to Lake Minnetonka Tonkaway Apartments offers spacious two-bedroom apartment homes in a quiet, well cared for community. Experience laketown living at its best in historic Excelsior, with year-round festivals and events. Explore the delightful specialty shops, antique shops, and restaurants downtown. There are beautiful lakes, parks, beaches and scenic hiking trails. And it's all within walking distance for your new home at Tonkaway Apartments.

Let's explore this property.

Amenities for Tonkaway Apartments

Apartment Amenities

Air Conditioning	Central Heat
Heating

Appliances

Dishwasher	Range
Refrigerator	Stove

Building

Cats OK	Dogs OK
Onsite Laundry	Water/Sewer

Services

Rubbish Removal

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed
Limit	2
Deposit	$500
Fee	$200

Cat policy

Allowed
Limit	2
Deposit	$300
Fee	$100

We are a pet-friendly community! Call us today to learn more about our pet policy and fees.(Weight limit 25lb)

Building details

Property details

Units	72

About Tonkaway Apartments

Home

Apartments in Excelsior

Tonkaway Apartments

Large screened porches...just off Hwy 7......garages...short walk to Lake Minnetonka Tonkaway Apartments offers spacious two-bedroom apartment homes in a quiet, well cared for community. Experience laketown living at its best in historic Excelsior, with year-round festivals and events. Explore the delightful specialty shops, antique shops, and restaurants downtown. There are beautiful lakes, parks, beaches and scenic hiking trails. And it's all within walking distance for your new home at Tonkaway Apartments.

Zumper Expert Rating

9.7

/10

Excellent

How we rated Tonkaway Apartments

Price·10

Tonkaway Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.

Amenities·9

Tonkaway Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Tonkaway Apartments receives one of the highest amenities scores.

Location·10

Tonkaway Apartments offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.

Quality·10

Tonkaway Apartments has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Tonkaway Apartments.

Trustworthiness·9

Tonkaway Apartments has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

Tonkaway Apartments is great for:

Pet owners

1 pet supply store near the property

Property highlights

How Tonkaway Apartments compares to other nearby properties.

Positives

Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
Images Available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building or in-unit

Considerations

Grow a garden indoors: A balcony, backyard, or shared outdoor space isn't available

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Rent trends in Excelsior

If you decide to upgrade your space, you can expect 2-bedrooms at Tonkaway Apartments to be 13% less than the average for similarly sized apartments in Excelsior.

Median rents as of Sep 6 2025.

Excelsior

A table of studio rental data trends in Excelsior
Month	Median Rent
September 2023	$1,035
October 2023	$1,035
February 2024	$999
March 2024	$1,005
April 2024	$1,005
March 2025	$1,280
April 2025	$1,018
May 2025	$1,045
June 2025	$1,085
July 2025	$1,085
August 2025	$1,085
September 2025	$1,085

Affordability calculator

Can I afford to live at 818 3rd Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$46,500/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,500 annually to afford this 2-bedrooms median monthly rent price of $1,162.

For more information on rent affordability, visit our rent calculator.

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