Cheap Apartments for Rent in the Oak Terrace Neighborhood of Minnetonka, MN from $800 (55 Rentals)

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

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.

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Chasewood Gates
1 Bedroom Apartments

Chasewood Gates

6100 Chasewood PkyMinnetonka, MN 55343
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Preserve at Shady Oak
1 Bedroom Apartments

Preserve at Shady Oak

10987 Bren Rd EMinnetonka, MN 55343
Corporate Housing
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Beacon Hill
1 to 2 Bedroom Apartments

Beacon Hill

5330 Beacon Hill RdMinnetonka, MN 55345
Senior Living
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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 807 Smetana Rd

807 Smetana Rd

HopkinsMN55343
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Brentwood Apartments
1 Bedroom Apartments

Brentwood Apartments

614-624 Robinwood LnHopkins, MN 55305
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105 13th Ave S
1 Bedroom Apartments

105 13th Ave S

105 13th Ave SHopkins, MN 55343
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RJZ Apartments
1 Bedroom Apartments

RJZ Apartments

110 11th Ave SHopkins, MN 55343
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921-941 11th Ave. S
1 to 2 Bedroom Apartments

921-941 11th Ave. S

819-941 11th Ave SHopkins, MN 55343
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Parkside Apartments
Studio to 2 Bedroom Apartments

Parkside Apartments

115-135 13th Ave SHopkins, MN 55343
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The Dubliner
1 Bedroom Apartments

The Dubliner

114 12th Ave SHopkins, MN 55343
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Westbrooke Condos
1 to 2 Bedroom Apartments

Westbrooke Condos

900-930 6th St SHopkins, MN 55343
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Loon Apartments
2 Bedroom Apartments

Loon Apartments

57 6th Ave SHopkins, MN 55343
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Trailside Apartments
2 Bedroom Apartments

Trailside Apartments

335 17th Ave NHopkins, MN 55343
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Central Park Manor
1 Bedroom Apartments

Central Park Manor

1510 MainstreetHopkins, MN 55343
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Showing Results 1-50, Page 1 of 2

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 Studio unit found at Brentwood Park Townhomes priced from $1,030. Hunters Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Brentwood Park TownhomesStudioStudio,1BA$1,030
Hunters RidgeJennings1BR,1BA$1,230
Rosewood West1 Bedroom - Available Now!1BR,1BA$1,240
Shadow Green ApartmentsMaple1BR,1BA$1,295
5th On MainStudio BStudio,1BA$1,300
Sterling Ponds ApartmentsSenior 1A1BR,1BA$1,320
Stratford WoodGlenn2BR,1BA$1,322
Ovation ApartmentsVox (A)Studio,1BA$1,325
The TownlineSanibelStudio,1BA$1,344
Putnam Properties in Hopkins2 Bedroom2BR,1BA$1,345

Best Value Apartments for Rent in Oak Terrace, MN

As of June 02, 2025 the best value apartment in the Oak Terrace area is the $1.66 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,299. The second greatest value Oak Terrace apartment is the C Model at ReNew Town Center starting at $2,200 with a $1.73 price per square foot in the Oak Terrace 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$1.66
ReNew Town CenterC2BR,2BA$1.73
Putnam Properties in Hopkins2 Bedroom2BR,1BA$1.35
Claremont ApartmentsB1BR,1BA$1.55
Chanhassen Village2BR 1BA-U2BR,1BA$1.57
Bren Road Station 55+ ApartmentsTwo Bedroom A2BR,2BA$1.66
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
GreenfieldAugusta1BR,1BA$1.67
Shadow Green ApartmentsMaple1BR,1BA$1.66
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.74

Quick 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.

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Pet Friendly Lifestyle
Oak Terrace, Minnetonka, MN

Ranked #3

Among neighborhoods in Minnetonka, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Oak Terrace, Minnetonka, MN

School data provided by Great Schools

Lifestyle Ratings

Our team is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for West Minneapolis-St. Paul, MN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

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 $1,345.

What is the price of a cheap apartment in Oak Terrace?

The cheapest apartment in Oak Terrace is Brentwood Park Townhomes which is listed at $1,210, while the average apartment in Oak Terrace costs $2,699.

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 15 regular apartments in Oak Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Oak Terrace?

Cheap apartments in Oak Terrace have an average cost of $238 which is $2,461 cheaper than the average rent for all rentals in Oak Terrace.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.