Zumper
modified
3 Days Ago

Highlights

  • Pet Friendly
  • Spacious apartment homes
  • Quiet community

Location

818 3rd Ave, Excelsior, MN 55331, USA
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Contact

Management

Marathon Management

Our team has verified this company

Leasing office

(651) 377-5291

Open 

Monday 9:00 am–5:00 pm CT

Property Overview

Tonkaway Apartments achieves an impressive Zumper expert rating of 9.7 out of 10, highlighting its excellent reputation among renters. The property features spacious homes in a quiet community, with a competitive price rating of 10 and top scores for location, quality, and amenities, ensuring a high standard of living and convenience. Additionally, it is recognized for its transparency and trustworthiness, supported by ample visual representation through 23 photos, making it an appealing choice for prospective residents.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

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 View2 bed1 bath756 sqft$1,275 /mo1 unit available**Current Specials!!** -$50 application fee refunded -$900 deposit (regularly one month's rent) -$100 off rent for a 13 month lease **If you apply within 24 hours of your initial 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 1 BA - Upgraded - Balcony2 bed1 bath756 sqft$1,480 /mo1 unit available**Current Specials!!** -$50 application fee refunded -$900 deposit (regularly one month's rent) -$100 off rent for a 13 month lease **If you apply within 24 hours of your initial 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 ConditioningCentral Heat
Heating

Appliances

DishwasherRange
RefrigeratorStove

Building

Cats OKDogs OK
Onsite LaundryWater/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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max.

Contact Property

Pet Fee

One-time fee per pet.

$100

Pet Deposit

One-time deposit per pet.

$300

Dog

Pet Rent

Monthly. 2 dogs max. We are a pet-friendly community! Call us today to learn more about our pet policy and fees.(Weight limit 25lb).

Contact Property

Pet Fee

One-time fee per pet.

$200

Pet Deposit

One-time deposit per pet.

$500

Questions about this property’s policies and fees?

Building details

Property details

Units72
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About Tonkaway Apartments

HomeApartments 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

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.7
/10
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.
How we rated Tonkaway Apartments
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
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·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
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·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
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·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
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·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
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

  • 3 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

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

Fewer storage options
Limited cabinet or closet space

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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 5% less than the average for similarly sized apartments in Excelsior.

Median rents as of Sep 21 2025.
Excelsior
A table of studio rental data trends in Excelsior
MonthMedian Rent
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

$55,100/yr

With your selected rent-to-income ratio, you'd ideally want to make $55,100 annually to afford this 2-bedrooms median monthly rent price of $1,377.
For more information on rent affordability, visit our rent calculator.

Schools near Tonkaway Apartments

Excelsior Elementary School

441 oak st

excelsior, MN, 55331

K-5Public
A

Deephaven Education Center

4584 vine hill rd

excelsior, MN, 55331

PKPublic
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Internet available near Tonkaway Apartments

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Excelsior near 818 3rd Ave

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

1/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 818 3rd Ave, Excelsior

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

0/10
No high schools within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 818 3rd Ave

Greenwood Market
21380 Highway 7
Lakeshore Market & More Inc
481 2nd St
Kowalski's Markets
440 Water St
Cub
23800 Highway 7
Lunds & Byerlys
800 W 78th St

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