
Cheap Homes for Rent in the Oak Terrace Neighborhood of Minnetonka, MN from $1,000 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Oak Terrace area of Minnetonka.


930 Westbrooke Way, Unit 930-2

930 Westbrooke Way

901 11th Ave S, Unit 901 11th Avenue South 4

1007 11th Ave S
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

800 6th St S, Unit 800 6th Street South 2 Hopkins, MN 55343

932 Westbrooke Way

Furnished Studio-Minneapolis - Eden Prairie - Technology Drive

935 11th Ave S, Unit 8

747 11th Ave S
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1029 Smetana Rd, Unit 4

13316 Zenith Ln, Unit 13316

13316 Zenith Ln

950 Westbrooke Way

17490 Pond Cir
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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6155 Chasewood Pky, Unit 204
Oak Terrace, Minnetonka, MN Local Guide

How much does it cost to rent a home in Oak Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Terrace 2 Bedroom Homes for Rent | $1,746 | $1,350 | $2,550 |
| Oak Terrace 3 Bedroom Homes for Rent | $2,529 | $1,995 | $3,000 |
| Oak Terrace 4 Bedroom Homes for Rent | $3,239 | $2,495 | $4,500 |
| Oak Terrace 5 Bedroom Homes for Rent | $3,799 | $3,799 | $3,799 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 3 mile radius of the Oak Terrace Neighborhood of Minnetonka, MN.
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Oak Terrace, Minnetonka, MN Local Guide
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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 Putnam Properties in Hopkins priced from $1,015. Hopkins Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,018. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Putnam Properties in Hopkins | 1 Bedroom | 1BR,1BA | $1,015 |
| Hopkins Village Apartments | One Bedroom | 1BR,1BA | $1,018 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1,050 |
| 4-105 | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Trailside Apartments | 1 Bedroom | 1BR,1BA | $1,060 |
Best Value Apartments for Rent in Oak Terrace, MN
As of September 08, 2026 the best value apartment in the Oak Terrace area is the $1.42 price per square foot Two Bedroom Model at Rosewood West in the in the Hopkins neighborhood starting from $1,565. The second greatest value Oak Terrace apartment is the Ferndale Model at The Views of Minnetonka starting at $1,545 with a $1.52 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. |
|---|---|---|---|
| Rosewood West | Two Bedroom | 2BR,1.75BA | $1.42 |
| The Views of Minnetonka | Ferndale | 2BR,1.8BA | $1.52 |
| Trail Pointe Ridge | Two B | 2BR,1BA | $1.33 |
| Gold Crest Apartments | 1 Bed - 1 Bath | 1BR,1BA | $1.50 |
| Parkside Apartments | 2 BR - 35 Building | 2BR,1BA | $1.63 |
| 4-105 | 2BR/1.0BA | 2BR,1BA | $1.65 |
| 1510 on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.47 |
| The Dubliner | 1 Bedroom | 1BR,1BA | $1.50 |
| Trailside Apartments | 1 Bedroom | 1BR,1BA | $1.51 |
| Putnam Properties in Hopkins | 1 Bedroom | 1BR,1BA | $1.45 |
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 ArticleNavigating 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.
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
Hopkins West Junior High School
School data provided by Great Schools
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 $995 to $4,706. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Terrace ranging from $1,000 to $4,500.
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 $1,000 to $4,500 with an average monthly rent of $2,136.
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
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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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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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.