Cheap Apartments for Rent in Oak Island, MN from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oak Island.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Oak Island, MN Local Guide

Cheapest Available Oak Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oak Island, MN is a 1 Bed unit found at White House and Blair House priced from $626. Broadway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Oak Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
White House and Blair HouseBlair House Single Bedroom1BR,1BA$626
Broadway Apartments1 bedroom 1 bath1BR,1BA$650
Northwood Commons1 Bedroom1BR,1BA$688
Oakwood HomesTownhomes2BR,1BA$713
Block VSTUDIO/1BAStudio,1BA$775

Best Value Apartments for Rent in Oak Island, MN and Nearby

As of May 13, 2025 the best value apartment in the Oak Island area is the $0.70 price per square foot 3 bedroom Townhome Model at Fisher Townhomes in the starting from $1,013. The second greatest value Oak Island apartment is the 2 Bedroom 1 Bath Model at Crookston Townhomes starting at $866 with a $0.66 price per square foot . Here is today’s list of the best values for Oak Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fisher Townhomes3 bedroom Townhome3BR,1.5BA$0.70
Crookston Townhomes2 Bedroom 1 Bath2BR,1.5BA$0.66
Southwood Park TownhomesSouthwood 2 bedroom2BR,1.5BA$0.97
Block V1BR/1BA1BR,1BA$1.00
Country Acres Apartment19182BR,1BA$1.03
Oakwood HomesApartment1BR,1BA$1.02
River Falls EstatesUnit 2111BR,1BA$1.22
Broadway Apartments1 bedroom 1 bath1BR,1BA$0.93
Northwood Commons1 Bedroom1BR,1BA$1.21
White House and Blair HouseWhite House Single Bedroom1BR,1BA$1.24

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
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Explore Oak Island, MN Rentals by Map

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See the most popular apartments and homes in Oak Island, MN

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Frequently Asked Questions about Cheap Oak Island Apartments

What is the Cheapest Studio apartment in Oak Island?

Currently the most affordable Cheap Studio Apartment in Oak Island is at Block V listed at $775.

How much is rent for a Cheap One Bedroom Oak Island Apartment?

The lowest price for a Cheap One Bedroom Oak Island Apartment is $626 at White House and Blair House.

What is the lowest price for a Cheap Two Bedroom Oak Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oak Island is starting from $713 at Oakwood Homes.

What is the most affordable Oak Island Three Bedroom Apartment?

The best deal on a cheap Oak Island Three Bedroom Apartment rental is at Broadway Apartments and starts from $875.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.