Zumper
modified
4 Days Ago

Highlights

  • Historic downtown area
  • Beautiful community amenities
  • Cozy apartment homes
  • Quiet community
  • Historic town charm
  • Historic downtown

Location

421 Division St, Excelsior, MN 55331, USA
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Contact

Management

Marathon Management

Leasing office

(763) 230-0076 ext. 2

Property Overview

Tonka Manor offers cozy apartment homes in a quiet community with historic downtown charm and beautiful shared amenities, earning an expert rating of 8.4/10. With top-tier scores for price (10/10), strong marks for amenities, location, and trustworthiness, and exceptional value metrics, it delivers a compelling balance of quality and cost. Its pet-friendly surroundings, including nearby pet services, and a detailed listing with 43 photos help renters clearly understand the lifestyle and convenience it provides.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, Tonka Manor is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Tonka Manor has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • More space
  • Images Available

Great for

  • Pet owners

Floor plans

2BR 1BA2 bed1 bath800 sqft$1,155 /mo1 unit available*Current Specials* -Look and lease: We will waive the $50 application fee when you apply within 24 hours of your initial showing!! --$500 Security Deposit on approved credit!! (Regularly one-month’s rent) Tonka Manor is just off of Highway 7. A short walk to downtown Excelsior and Lake Minnetonka. Our Apartment Homes are cozy and bright. In a quiet, well cared for community. Experience Lake town living at its best in historic Excelsior, with year-round festivals and events. Explore delightful specialty shops, antique shops, and restaurants downtown. there are beautiful lakes, parks, beaches and scenic hiking trails. This is all within walking distance to your new home at Tonka Manor Apartments.

Let's explore this property.

Amenities for Tonka Manor

Apartment Amenities

Air ConditioningCentral Heat
Heating

Appliances

Range HoodRefrigerator
Stove

Building

Cats OKOnsite Laundry
Water/Sewer

Grounds

Off-Street ParkingStorage

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

Dog Policy

Not allowed

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units14
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About Tonka Manor

HomeApartments in Excelsior Tonka Manor

*Current Specials* -Look and lease: We will waive the $50 application fee when you apply within 24 hours of your initial showing!! --$500 Security Deposit on approved credit!! (Regularly one-month’s rent) Tonka Manor is just off of Highway 7. A short walk to downtown Excelsior and Lake Minnetonka. Our Apartment Homes are cozy and bright. In a quiet, well cared for community. Experience Lake town living at its best in historic Excelsior, with year-round festivals and events. Explore delightful specialty shops, antique shops, and restaurants downtown. there are beautiful lakes, parks, beaches and scenic hiking trails. This is all within walking distance to your new home at Tonka Manor 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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Tonka Manor is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Tonka Manor has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Tonka Manor
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.
Tonka Manor 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·10A 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.
Tonka Manor stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—cats allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Tonka Manor is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While Tonka Manor does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Tonka Manor is great for:

Pet owners

  • 3 pet supply stores near the property
  • 1 pet grooming service nearby
  • 1 pet hospital in the area

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 Tonka Manor compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
More space
The 1-bedroom is 107 sqft larger than other 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

2-bedroom apartments at Tonka Manor cost about 12% less than the average rent price for 2-bedroom apartments in Excelsior.

Median rents as of May 16 2026.
Excelsior
A table of studio rental data trends in Excelsior
MonthMedian Rent
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
March 2026$1,145
April 2026$1,029
May 2026$1,040

Affordability calculator

Can I afford to live at 421 Division St?

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

$46,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,200 annually to afford this 2-bedrooms monthly rent price of $1,155.
For more information on rent affordability, visit our rent calculator.

Schools near Tonka Manor

Excelsior Elementary School

441 oak st

excelsior, MN, 55331

K-5Public
A

Deephaven Education Center

4584 vine hill rd

excelsior, MN, 55331

PKPublic

Tonka Online (K-5)

5621 county rd 101

minnetonka, MN, 55345

K-5Public
A+

Senops

1001 hwy 7

hopkins, MN, 55305

K-12Public

VirtualEDU ELementary

1001 hwy 7

hopkins, MN, 55305

K-6Public
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Internet available near Tonka Manor

Getting around Excelsior near 421 Division St

Walking

4/10
Some shops and stores are within a few minutes.

Driving

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

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 421 Division St, Excelsior

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

4/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

1/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

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