Cheap Apartments for Rent in the Oak Terrace Neighborhood of Minnetonka, MN from $800 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oak Terrace area of Minnetonka.

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Preserve at Shady Oak
1 Bedroom Apartments

Preserve at Shady Oak

10987 Bren Rd EMinnetonka, MN 55343
Corporate Housing
  • Utilities Included
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Beacon Hill
1 to 2 Bedroom Apartments

Beacon Hill

5330 Beacon Hill RdMinnetonka, MN 55345
Senior Living
  • Utilities Included
property at 807 Smetana Rd

807 Smetana Rd

HopkinsMN55343
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Brentwood Apartments
1 Bedroom Apartments

Brentwood Apartments

614-624 Robinwood LnHopkins, MN 55305
  • Utilities Included
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105 13th Ave S
1 Bedroom Apartments

105 13th Ave S

105 13th Ave SHopkins, MN 55343
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RJZ Apartments
1 Bedroom Apartments

RJZ Apartments

110 11th Ave SHopkins, MN 55343
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921-941 11th Ave. S
1 to 2 Bedroom Apartments

921-941 11th Ave. S

819-941 11th Ave SHopkins, MN 55343
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Parkside Apartments
Studio to 2 Bedroom Apartments

Parkside Apartments

115-135 13th Ave SHopkins, MN 55343
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Central Park Manor
1 to 2 Bedroom Apartments

Central Park Manor

1510 MainstreetHopkins, MN 55343
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Westbrooke Condos
1 to 2 Bedroom Apartments

Westbrooke Condos

900-930 6th St SHopkins, MN 55343
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Loon Apartments
2 Bedroom Apartments

Loon Apartments

57 6th Ave SHopkins, MN 55343
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Southwest Station
1 Bedroom Apartments

Southwest Station

13560 Technology DrEden Prairie, MN 55344
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Greenfield
1 to 2 Bedroom Apartments

Greenfield

920-1020 Feltl CtHopkins, MN 55343
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Showing Results 1-50, Page 1 of 2

Oak Terrace, Minnetonka, MN Local Guide

Cheapest Available Oak Terrace Apartments for Rent

 

The cheapest available apartment rental in the Oak Terrace area of Minneapolis, MN is a 1 Bed unit found at Hopkins Village Apartments priced from $885. The Dubliner has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,010. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$885
The Dubliner1 Bedroom1BR,1BA$1,010
Minnetonka StationLanewood A - Income RestrictedStudio,1BA$1,057
Hunters RidgeCrystalStudio,1BA$1,085
5th On MainStudio CStudio,1BA$1,196
Trailside Apartments2 Bedroom2BR,1BA$1,200
The TownlineSanibelStudio,1BA$1,207
EdenvaleThe Cottonwood1BR,1BA$1,254
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1,275
Stratford WoodGlenn2BR,1BA$1,288

Best Value Apartments for Rent in Oak Terrace, MN

As of March 23, 2025 the best value apartment in the Oak Terrace area is the $1.45 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $1,999. The second greatest value Oak Terrace apartment is the Colonial Townhome Model at Brentwood Park Townhomes starting at $1,645 with a $1.51 price per square foot in the Glen Lake neighborhood. Here is today’s list of the best values for Oak Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Saddlewood Park TownhomesHawthorne2BR,1.5BA$1.45
Brentwood Park TownhomesColonial Townhome2BR,1BA$1.51
Stratford WoodGlenn2BR,1BA$1.27
The Views of MinnetonkaFerndale2BR,1.8BA$1.57
GreenfieldDolney2BR,2BA$1.65
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Central Park Manor2 Bedroom 2 Bathroom2BR,2BA$1.57
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.59
Trailside Apartments2 Bedroom2BR,1BA$1.60
The Dubliner1 Bedroom1BR,1BA$1.44

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Oak Terrace, Minnetonka, MN

Ranked #3

Among neighborhoods in Minnetonka, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Oak Terrace, Minnetonka, MN

School data provided by Great Schools

Best Local Schools in
Oak Terrace, Minnetonka, MN

School data provided by Great Schools

Lifestyle Ratings

Our team is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for West Minneapolis-St. Paul, MN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Oak Terrace Apartments

What is a cheap apartment in Oak Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oak Terrace is under $1,288.

What is the price of a cheap apartment in Oak Terrace?

The cheapest apartment in Oak Terrace is Hopkins Village Apartments which is listed at $885, while the average apartment in Oak Terrace costs $2,894.

What types of apartments are the cheapest in Oak Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 343 regular apartments in Oak Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Oak Terrace?

Cheap apartments in Oak Terrace have an average cost of $474 which is $2,420 cheaper than the average rent for all rentals in Oak Terrace.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.