
Cheap 1 Bedroom Apartments for Rent in the Oak Terrace Neighborhood of Minnetonka, MN from $1,050 (57 Rentals)


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The Views of Minnetonka

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Alcott

Claremont Apartments

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Bren Road Station 55+ Apartments

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Oaks Glen Lake Apartments

Townline Apartments

Minnetonka Station

Rize at Opus Park

Stratford Wood
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Preserve at Shady Oak

Chasewood Gates

Beacon Hill

Shady Oak Crossing

Hopkins Village Apartments

The Dubliner

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Brentwood Park Townhomes

709 11th Ave S, Unit 6, Unit 6

Town Terrace Apartments

831 Old Settlers Trail
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Central Park Manor

Putnam Properties in Hopkins

1006 Westbrooke Way, Unit 1, Unit 1

Rosewood West

926 Westbrooke Way, Unit 926 Westbrooke Way Unit 8, Unit 926 Westbrooke Way Unit 8

Sterling Ponds Apartments

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Shadow Green Apartments

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Eden Glen

13560 Technology Dr

Park at City West Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Arrive Watertower

The Fox & The Grouse

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The Ellie

Elevate at Southwest Station

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Bellamy Minnetonka

Ovation

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The Bluffs at Nine Mile Creek

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MartinBlu

105 13th Ave S

Loon Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

RJZ Apartments

Villager Apartments

Lamplighter Village Apartments

Trailside Apartments

Westbrooke Condos

Brentwood Apartments

917 11th Ave S

1006 Westbrooke Way

815 Smetana Rd

Gold Crest Apartments
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.
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 | $1,570 | $1,039 | $2,179 |
Oak Terrace 1 Bedroom Apartments | $1,943 | $1,050 | $3,445 |
| Oak Terrace 2 Bedroom Apartments | $2,441 | $1,219 | $4,871 |
| Oak Terrace 3 Bedroom Apartments | $3,032 | $1,829 | $4,216 |
| Oak Terrace 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Explore Minnetonka
Oak Terrace, Minnetonka, MN Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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
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 $1,300.
What is the price of a cheap apartment in Oak Terrace?
The cheapest apartment in Oak Terrace is Hopkins Village Apartments which is listed at $1,018, while the average apartment in Oak Terrace costs $2,595.
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 20 regular apartments in Oak Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.