Cheap Apartments for Rent in the Oak Terrace Neighborhood of Minnetonka, MN from $800 (65 Rentals)

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Cheap Apartments in the Oak Terrace area of Minnetonka.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Preserve at Shady Oak
1 to 2 Bedroom Apartments

Preserve at Shady Oak

10987 Bren Rd EMinnetonka, MN 55343
Corporate Housing
  • Utilities Included
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Chasewood Gates
1 Bedroom Apartments

Chasewood Gates

6100 Chasewood PkyMinnetonka, MN 55343
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Beacon Hill
1 to 2 Bedroom Apartments

Beacon Hill

5330 Beacon Hill RdMinnetonka, MN 55345
Senior Living
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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
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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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The Dubliner
1 Bedroom Apartments

The Dubliner

114 12th Ave SHopkins, 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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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 Studio unit found at Brentwood Park Townhomes priced from $1,025. Hunters Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $1,085. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Brentwood Park TownhomesStudioStudio,1BA$1,025
Hunters RidgeCrystalStudio,1BA$1,085
The TownlineSanibelStudio,1BA$1,207
Rosewood West1 Bedroom - Available Now!1BR,1BA$1,240
Ovation ApartmentsVox (A)Studio,1BA$1,295
Oakridge ApartmentsOne Bedroom1BR,1BA$1,300
5th On MainStudio BStudio,1BA$1,300
Sterling Ponds ApartmentsSenior 1A1BR,1BA$1,320
Bren Road Station 55+ ApartmentsOne Bedroom C1BR,1BA$1,336
Stratford WoodGlenn2BR,1BA$1,337

Best Value Apartments for Rent in Oak Terrace, MN

As of May 05, 2025 the best value apartment in the Oak Terrace area is the $1.74 price per square foot Windsor Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,495. The second greatest value Oak Terrace apartment is the The Stratford Lodge Townhome Model at Stratford Wood starting at $2,175 with a $1.61 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 TownhomesWindsor3BR,2.5BA$1.74
Stratford WoodThe Stratford Lodge Townhome3BR,1.5BA$1.61
Quail Ridge Apartments2 Bedroom2BR,2BA$1.61
Putnam Properties in Hopkins2 Bedroom2BR,1BA$1.40
Shadow Green ApartmentsNorway2BR,1BA$1.40
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
GreenfieldAugusta1BR,1BA$1.67
The Views of MinnetonkaThe Bren1BR,1BA$1.84
Oakridge ApartmentsOne Bedroom1BR,1BA$1.86

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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

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 $1,337.

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

The cheapest apartment in Oak Terrace is Hunters Ridge which is listed at $1,230, while the average apartment in Oak Terrace costs $2,976.

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 15 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 $335 which is $2,641 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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.