Cheap Homes for Rent in Oak Terrace Neighborhood of Minnetonka, MN from $1,100 (8 Rentals)

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

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 $988. Minnetonka Station has the second lowest priced unit, which is a Studio apartment currently listed from $1,057. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Minnetonka StationLanewood A - Income RestrictedStudio,1BA$1,057
Hunters RidgeCrystalStudio,1BA$1,085

Best Value Apartments for Rent in Oak Terrace, MN

As of April 09, 2025 the best value apartment in the Oak Terrace area is the $1.57 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,175. The second greatest value Oak Terrace apartment is the E Model at Claremont Apartments starting at $1,725 with a $1.57 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$1.57
Claremont ApartmentsE2BR,2BA$1.57
Quail Ridge Apartments2 Bedroom2BR,2BA$1.65
The Views of MinnetonkaFerndale2BR,1.8BA$1.58
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Bren Road Station 55+ ApartmentsTwo Bedroom A2BR,2BA$1.71
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.59
Shadow Green ApartmentsMaple1BR,1BA$1.60
Trailside Apartments2 Bedroom2BR,1BA$1.60

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Frequently Asked Questions about Oak Terrace

What type of rentals are currently available in Oak Terrace?

There are currently 107 Apartments for Rent in Oak Terrace, MN with pricing that ranges from $900 to $5,861. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Terrace ranging from $1,190 to $3,599.

What is the current price range for Rental Homes in Oak Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Terrace ranges from $1,190 to $3,599 with an average monthly rent of $2,503.

How much are larger Three and Four Bedroom Rentals in Oak Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oak Terrace range from $1,698 to $4,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,695.

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.

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

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.