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$1,085 - $1,695
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,085 - $1,695
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$1,085 - $1,695
Hunters Ridge
19000 Stratford RdMinnetonka, MN 55345
Cheap Apartments for Rent in the Oak Terrace Neighborhood of Minnetonka, MN from $800 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oak Terrace area of Minnetonka.
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$1,260 - $2,320
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Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,236 - $2,296
Required Monthly Fees
$24
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$1,260 - $2,320
Oaks Glen Lake Apartments
14414 Stewart LnMinnetonka, MN 55345
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$1,272 - $4,588
Plus Fees
Studio to 2 Bedroom Apartments Available NowMinnetonka Station
10400 E Bren RdMinnetonka, MN 55343
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$1,325 - $2,320
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1 to 3 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,325 - $2,320
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$1,325 - $2,320
The Views of Minnetonka
5445-5455 Smetana RdMinnetonka, MN 55343
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$1,345 - $2,645
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTownline Apartments
10950 Red Circle DrMinnetonka, MN 55343
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Rent Specials
$1,357 - $3,854
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,334 - $3,831
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Alcott
11050 Red Circle DrMinnetonka, MN 55343
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$1,422 - $1,971
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,422 - $1,971
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$1,422 - $1,971
Bren Road Station 55+ Apartments
11001 Bren Rd EMinnetonka, MN 55343
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$1,575 - $1,795
Plus Fees
Studio to 2 Bedroom Apartments Available NowClaremont Apartments
10745 Smetana RdMinnetonka, MN 55343
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$1,826 - $4,871
Plus Fees
1 to 2 Bedroom Apartments Available NowRize at Opus Park
10101 Bren Rd EMinnetonka, MN 55343
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Studio to 3 Bedroom Apartments
Stratford Wood
18900 Stratford RdMinnetonka, MN 55345
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.
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1 to 3 Bedroom Apartments
Preserve at Shady Oak
10987 Bren Rd EMinnetonka, MN 55343
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1 to 2 Bedroom Apartments
Chasewood Gates
6100 Chasewood PkyMinnetonka, MN 55343
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1 to 2 Bedroom Apartments
Beacon Hill
5300 Beacon Hill RdMinnetonka, MN 55345
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$1,018 - $1,335
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHopkins Village Apartments
9 7th Ave SHopkins, MN 55343
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$1,039 - $2,254
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$1,030 - $2,245
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Brentwood Park Townhomes
1301 Highway 7Hopkins, MN 55305
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$1,050
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThe Dubliner
114 12th Ave SHopkins, MN 55343
709 11th Ave S, Unit 6, Unit 6
709 11th Ave S
HopkinsMN55343
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$1,100 - $1,395
Plus Fees1 Month Lease Term
1 to 2 Bedroom Apartments Available NowTown Terrace Apartments
9900 Excelsior BlvdHopkins, MN 55343
831 Old Settlers Trail
HopkinsMN55343
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$1,124 - $1,475
Plus Fees
1 to 2 Bedroom Apartments Available NowCentral Park Manor
1510 MainstreetHopkins, MN 55343
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.
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$1,125 - $1,395
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available May 1Putnam Properties in Hopkins
33 6th Ave NHopkins, MN 55343
1006 Westbrooke Way, Unit 1, Unit 1
1006 Westbrooke Way
HopkinsMN55343
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$1,219 - $1,389
Plus Fees
2 Bedroom Apartments Available NowTrail Pointe Ridge
16397 Glory LnEden Prairie, MN 55344
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$1,280 - $1,565
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRosewood West
460 5th Ave NHopkins, MN 55343
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$1,300
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowParkside Apartments
115-135 13th Ave SHopkins, MN 55343
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$1,300 - $1,840
Total Monthly Price1 Month Lease Term
Studio Apartments Available NowTotal Monthly Price
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$1,300 - $1,840
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$1,300 - $1,840
5th On Main
517 MainstreetHopkins, MN 55343
926 Westbrooke Way, Unit 926 Westbrooke Way Unit 8, Unit 926 Westbrooke Way Unit 8
926 Westbrooke Way
HopkinsMN55343
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Rent Specials
$1,320 - $1,975
Plus Fees
1 to 2 Bedroom Apartments Available NowSterling Ponds Apartments
16315 Wagner WayEden Prairie, MN 55344
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$1,346 - $1,971
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,325 - $1,950
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Shadow Green Apartments
14247 Valley View RdEden Prairie, MN 55344
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$1,358 - $1,628
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$1,350 - $1,620
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Eden Glen
13670 Valley View RdEden Prairie, MN 55344
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.
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$1,390 - $1,435
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowChanhassen Village
7701 Chanhassen RdChanhassen, MN 55317
825 Old Settlers Trl, Unit 7, Unit 7
825 Old Settlers Trl
HopkinsMN55343
932 Westbrooke Way
HopkinsMN55343
932 Westbrooke Way
HopkinsMN55343
13560 Technology Dr
Eden PrairieMN55344
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$1,426 - $3,873
Plus Fees
Studio to 2 Bedroom Apartments Available NowElevate at Southwest Station
12900 Technology DrEden Prairie, MN 55344
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$1,474 - $3,092
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,474 - $3,092
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Park at City West Apartments
6426 City West PkyEden Prairie, MN 55344
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$1,495
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,495
Total Monthly Price
$1,495
Oakridge Apartments
640 Oak Ridge RdHopkins, MN 55305
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$1,539 - $3,339
Plus Fees
1 to 2 Bedroom Apartments Available NowArrive Watertower
12300 Singletree LnEden Prairie, MN 55344
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$1,550 - $3,850
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Fox & The Grouse
6901 Flying Cloud DrEden Prairie, MN 55344
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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$1,550 - $3,345
Plus Fees
Studio to 2 Bedroom Apartments Available May 1Ovation
1118 MainstreetHopkins, MN 55343
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$1,591 - $4,011
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,566 - $3,986
Required Monthly Fees
$25
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$1,591 - $4,011
The Ellie
8075 Eden Prairie RdEden Prairie, MN 55347
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$1,616 - $4,266
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Studio to 3 Bedroom Apartments Available Jun 1Total Monthly Price
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$1,500 - $4,150
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Bellamy Minnetonka
10702 Red Circle DrHopkins, MN 55343
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$1,766 - $3,056
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,755 - $3,045
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MartinBlu
14301 Martin DrEden Prairie, MN 55344
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$1,842 - $3,538
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,677 - $3,373
Required Monthly Fees
$165
Total Monthly Price
$1,842 - $3,538
The Bluffs at Nine Mile Creek
7475 Flying Cloud DrEden Prairie, MN 55344
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1 to 2 Bedroom Apartments
105 13th Ave S
105 13th Ave SHopkins, MN 55343
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1 to 2 Bedroom Apartments
Loon Apartments
57 6th Ave SHopkins, MN 55343
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1 Bedroom Apartments
RJZ Apartments
110 11th Ave SHopkins, MN 55343
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1 to 2 Bedroom Apartments
921-941 11th Ave. S
819-941 11th Ave SHopkins, MN 55343
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1 to 2 Bedroom Apartments
Lamplighter Village Apartments
28 6th Ave SHopkins, MN 55343
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.
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 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 67 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
- Nearby Minnetonka neighborhoods
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Cheapest Available Oak Terrace Apartments for Rent
The cheapest available apartment rental in the Oak Terrace area of Minneapolis, MN is a 1 Bed unit found at Hopkins Village Apartments priced from $1,018. The Dubliner has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| Hunters Ridge | Crystal | Studio,1BA | $1,085 |
| Brentwood Apartments | Independence | 1BR,1BA | $1,108 |
| Brentwood Park Townhomes | Independence | 1BR,1BA | $1,108 |
| Central Park Manor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,124 |
| Stratford Wood | Timberland + Den | 1BR,1BA | $1,141 |
| Trail Pointe Ridge | Two B | 2BR,1BA | $1,219 |
| Minnetonka Station | Lanewood A | Studio,1BA | $1,272 |
| Parkside Apartments | 2 BR - 35 Building | 2BR,1BA | $1,300 |
Best Value Apartments for Rent in Oak Terrace, MN
As of April 26, 2026 the best value apartment in the Oak Terrace area is the $1.59 price per square foot Hawthorne Model at Tanager Creek in the in the Glen Lake neighborhood starting from $2,195. The second greatest value Oak Terrace apartment is the 2 Bedroom (End Unit) - Available in JULY!! Model at Rosewood West starting at $1,565 with a $1.42 price per square foot in the Glen Lake neighborhood. Here is today’s list of the best values for Oak Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tanager Creek | Hawthorne | 2BR,1.5BA | $1.59 |
| Rosewood West | 2 Bedroom (End Unit) - Available in JULY!! | 2BR,2BA | $1.42 |
| Claremont Apartments | E | 2BR,2BA | $1.43 |
| Shadow Green Apartments | Cedar | 2BR,1BA | $1.49 |
| Oakridge Apartments | 2S | 2BR,1BA | $1.47 |
| Trail Pointe Ridge | Two C | 2BR,1BA | $1.30 |
| Chanhassen Village | 2BR 1BA-U-1 | 2BR,1BA | $1.47 |
| Parkside Apartments | 2 BR - 35 Building | 2BR,1BA | $1.63 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1.50 |
| Central Park Manor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
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.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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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Best Local Schools in Oak Terrace, Minnetonka, MN
Eden Prairie High School
Eden Prairie Public School District
Public School - Grades 9-12 (2833)
10 out of 10
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 $1,300.
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 $3,100.
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
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.
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.
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.
Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
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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.