Search the lowest-cost Apartments available for rent right now in the Oak Shores area of Lakeville.
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Shores Studio Apartments | $1,459 | $1,264 | $1,698 |
| Oak Shores 1 Bedroom Apartments | $1,579 | $1,137 | $2,215 |
| Oak Shores 2 Bedroom Apartments | $1,980 | $1,366 | $2,863 |
| Oak Shores 3 Bedroom Apartments | $2,313 | $1,750 | $3,808 |
| Oak Shores 4 Bedroom Apartments | $4,307 | $2,704 | $4,508 |
There are currently 21 rentals with your search options within a 2 mile radius of the Oak Shores Neighborhood of Lakeville, MN.
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Write a ReviewThe cheapest available apartment rental in the Oak Shores area of Lakeville, MN is a 1 Bed unit found at The Felix priced from $1,137. The Apex has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,141. Here are the most affordable Oak Shores apartments for rent in Lakeville, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Felix | The Selene A | 1BR,1BA | $1,137 |
| The Apex | Minnetonka | 1BR,1BA | $1,141 |
| Southwind Village | A1 | 1BR,1BA | $1,151 |
| CARRINGTON COURT | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,241 |
As of July 20, 2026 the best value apartment in the Oak Shores area is the $1.69 price per square foot The Highview - Single Family Home Model at Wildwood Lakeville - NOW OPEN! in the in the Timbercrest At Lakeville neighborhood starting from $4,508. The second greatest value Oak Shores apartment is the Opal Model at Lakeside Flats starting at $3,150 with a $1.88 price per square foot in the Timbercrest At Lakeville neighborhood. Here is today’s list of the best values for Oak Shores apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wildwood Lakeville - NOW OPEN! | The Highview - Single Family Home | 4BR,2.5BA | $1.69 |
| Lakeside Flats | Opal | 3BR,3BA | $1.88 |
| Rambush Estates | 3 Bed, 2 Bath | 3BR,2BA | $1.55 |
| Timber Ridge Townhomes | Two Bedroom | 2BR,1BA | $1.63 |
| Lakeville Woods | Birch B | 1BR,1BA | $1.76 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1.61 |
| Southwind Village | A1 | 1BR,1BA | $1.59 |
| CARRINGTON COURT | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1.64 |
| The Felix | The Selene A | 1BR,1BA | $1.69 |
| Meridian Pointe | Jasmine (S1gi) | Studio ,1BA | $1.90 |
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oak Shores is under $1,499.
The cheapest apartment in Oak Shores is The Felix which is listed at $1,137, while the average apartment in Oak Shores costs $4,508.
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 2 regular apartments in Oak Shores that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Oak Shores have an average cost of $178 which is $4,330 cheaper than the average rent for all rentals in Oak Shores.
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.
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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