
Apartments for Rent in the Oak Terrace Neighborhood of Minnetonka, MN (143 Rentals)


Bren Road Station 55+ Apartments

Townline Apartments

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Minnetonka Station

Rize at Opus Park

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Saddlewood

Claremont Apartments

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The Chase at Nine Mile Creek

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The Views of Minnetonka

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Hunters Ridge
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Oaks Glen Lake Apartments

5209 Lee Way

4700 Church Ln

3700 Westmark Cir, Unit 3618 Westmark Drive

4831 Ridge Rd

5147 Valley View Rd

5607 Green Cir Dr, Unit 200

19101 Delton Ave

16720 Excelsior Blvd

4626 Linnea Ln
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

5607 Green Cir Dr

3524 County Rd 101

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Bellamy Minnetonka

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Arrive Watertower

Ovation

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The Bluffs at Nine Mile Creek

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Brentwood Park Townhomes

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Shadow Green Apartments

The Fox & The Grouse

The Ellie
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

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Oakridge Apartments

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Sterling Ponds Apartments

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Tanager Creek

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ReNew Town Center

Elevate at Southwest Station

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Eden Glen

Putnam Properties in Hopkins

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MartinBlu

Trail Pointe Ridge

The Moline
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Chanhassen Village

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Park at City West Apartments

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5th On Main

Paravel

Town Terrace Apartments

Rosewood West

Trailside Apartments

The Dubliner

Parkside Apartments

1510 on Main
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Oak Terrace, Minnetonka, MN Local Guide

How much does it cost to rent an apartment in Oak Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Terrace Studio Apartments | $1,523 | $1,053 | $2,378 |
| Oak Terrace 1 Bedroom Apartments | $1,872 | $995 | $3,418 |
| Oak Terrace 2 Bedroom Apartments | $2,380 | $1,231 | $4,706 |
| Oak Terrace 3 Bedroom Apartments | $3,125 | $1,829 | $4,692 |
| Oak Terrace 4 Bedroom Apartments | $2,300 | $2,300 | $2,300 |
How much does it cost to rent a home in Oak Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $1,746 | $1,375 | $2,550 |
| 3 Bedroom Homes | $2,577 | $1,950 | $4,295 |
| 4 Bedroom Homes | $3,091 | $2,750 | $3,597 |
Browse Apartments in this Neighborhood
There are currently 143 rentals with your search options within a 3 mile radius of the Oak Terrace Neighborhood of Minnetonka, MN.
See all Apartments in MinnetonkaExplore Minnetonka
Oak Terrace, Minnetonka, MN Local Guide
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Oak Terrace, Minnetonka, MN
Eden Prairie High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Oak Terrace, Minnetonka, and the greater Minneapolis-St. Paul area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, apartment complexes for the kids, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.
Family-Friendly Rating
Renting with children? Amongst all of the neighborhoods in Minnetonka, this residential area has now become known as one of our favorite neighborhoods for families, with a score of 4.0 out of 4. Family Friendly communities have features that support parents and kids in having fun and being healthy together. This includes features like parks, and more.
Frequently Asked Questions about Oak Terrace
What is the current pricing and availability for apartments for rent in the Oak Terrace area of Minnetonka, MN?
As of today, July 26, 2026, there are currently 143 available Oak Terrace apartments priced from $995 to $4,706, with an average monthly rent of $2,098.
How much are Studio apartments in Oak Terrace?
There are currently 26 Studio Apartments in Oak Terrace with rent ranges from $1,053 to $2,378 with an average price of $1,523.
What is the current price range for One Bedroom Oak Terrace Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Oak Terrace ranges from $995 to $3,418 with an average monthly rent of $1,872.
What does renting a Two Bedroom Apartment in Oak Terrace cost?
The monthly rent prices of Two Bedroom Apartments currently available in Oak Terrace range from $1,231 to $4,706. Today's average rental price for Two Bedrooms here is $2,380.
How expensive are Oak Terrace Three Bedroom Apartments?
There are currently 31 Three Bedroom Apartments listings available in Oak Terrace on ApartmentHomeLiving.com. The pricing ranges from $1,829 to $4,692 - averaging $3,125 for the location.
Expert Rental Resources
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.
Helpful Local Expert Guides

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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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.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.