Cheap Homes for Rent in Oak Terrace Neighborhood of Minnetonka, MN from $1,100 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 917 11th Ave S

917 11th Ave S

HopkinsMN55343
property at 930 Westbrooke Way

930 Westbrooke Way, Unit 930-2

930 Westbrooke Way
HopkinsMN55343
property at 946 Westbrooke Way

946 Westbrooke Way

HopkinsMN55343

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.

property at 906 9th Ave S

906 9th Ave S

HopkinsMN55343
property at 935 11th Ave S

935 11th Ave S, Unit 3

935 11th Ave S
HopkinsMN55343
property at 900 9th Ave S

900 9th Ave S, Unit 7

900 9th Ave S
HopkinsMN55343
property at 903 11th Ave S

903 11th Ave S, Unit 3

903 11th Ave S
HopkinsMN55343

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.

property at 13560 Technology Dr

13560 Technology Dr, Unit 1121

13560 Technology Dr
Eden PrairieMN55344
property at 924 Westbrooke Way

924 Westbrooke Way, Unit 7

924 Westbrooke Way
HopkinsMN55343
property at 1025 Smetana Rd

1025 Smetana Rd, Unit 3

1025 Smetana Rd
HopkinsMN55343
property at 15280 Lesley Ln

15280 Lesley Ln

Eden PrairieMN55346
property at 942 Westbrooke Way

942 Westbrooke Way

HopkinsMN55343

Cash 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.

property at 13570 Technology Dr.

13570 Technology Dr.

Eden PrairieMN55344

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 1 Bed unit found at Hopkins Village Apartments priced from $988. Villager Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Hopkins Village ApartmentsOne Bedroom1BR,1BA$988
Villager Apartments1 Bedroom1BR,1BA$995
Brentwood ApartmentsStudioStudio,1BA$1,030
Brentwood Park TownhomesStudioStudio,1BA$1,034
Trailside Apartments1 Bedroom1BR,1BA$1,060

Best Value Apartments for Rent in Oak Terrace, MN

As of November 30, 2025 the best value apartment in the Oak Terrace area is the $1.53 price per square foot Two Bedroom - L Model at Preserve at Shady Oak in the in the Glen Lake neighborhood starting from $1,693. The second greatest value Oak Terrace apartment is the The Oak Model at Edenvale starting at $1,548 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Preserve at Shady OakTwo Bedroom - L2BR,2BA$1.53
EdenvaleThe Oak2BR,1BA$1.63
Rosewood West1 Bedroom - Available Now!1BR,1BA$1.38
Town Terrace Apartments2 BR/ 1 BA2BR,1BA$1.52
Claremont ApartmentsA1BR,1BA$1.58
Shadow Green ApartmentsMaple1BR,1BA$1.68
Trailside Apartments1 Bedroom1BR,1BA$1.51
Oakridge ApartmentsOne Bedroom1BR,1BA$1.71
Villager Apartments1 Bedroom1BR,1BA$1.42
Hopkins Village ApartmentsOne Bedroom1BR,1BA$1.71

Don'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 Article
Decorative image

The 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Oak Terrace, Minnetonka, MN

Ranked #3

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Oak Terrace

What type of rentals are currently available in Oak Terrace?

There are currently 102 Apartments for Rent in Oak Terrace, MN with pricing that ranges from $950 to $5,765. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Terrace ranging from $1,150 to $3,950.

What is the current price range for Rental Homes in Oak Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Terrace ranges from $1,150 to $3,950 with an average monthly rent of $2,645.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.