
Cheap Homes for Rent in Oak Terrace Neighborhood of Minnetonka, MN from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Oak Terrace area of Minnetonka.


819 Smetana Rd, Unit 5

908 9th Ave S

240 8th Ave N
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.

5978 Chasewood Pkwy

6010 Chasewood Pkwy

7541 Villa Ct

806 Old Settlers Trail
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 a home in Oak Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Oak Terrace 2 Bedroom Homes for Rent | $2,041 | $1,250 | $2,650 |
Oak Terrace 3 Bedroom Homes for Rent | $2,641 | $1,995 | $3,299 |
Oak Terrace 4 Bedroom Homes for Rent | $4,375 | $3,250 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 Studio unit found at Brentwood Park Townhomes priced from $1,030. Hunters Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $1,085. Here are the most affordable Oak Terrace apartments for rent in Minneapolis, MN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brentwood Park Townhomes | Studio | Studio,1BA | $1,030 |
Hunters Ridge | Crystal | Studio,1BA | $1,085 |
The Townline | Sanibel | Studio,1BA | $1,207 |
Best Value Apartments for Rent in Oak Terrace, MN
As of May 29, 2025 the best value apartment in the Oak Terrace area is the $1.74 price per square foot Hawthorne Model at Saddlewood Park Townhomes in the in the Glen Lake neighborhood starting from $2,399. The second greatest value Oak Terrace apartment is the Norway Model at Shadow Green Apartments starting at $1,395 with a $1.40 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. |
---|---|---|---|
Saddlewood Park Townhomes | Hawthorne | 2BR,1.5BA | $1.74 |
Shadow Green Apartments | Norway | 2BR,1BA | $1.40 |
Edenvale | The Oak | 2BR,1BA | $1.55 |
Claremont Apartments | B | 1BR,1BA | $1.55 |
Chanhassen Village | 2BR 1BA-U | 2BR,1BA | $1.57 |
Bren Road Station 55+ Apartments | Two Bedroom A | 2BR,2BA | $1.73 |
Rosewood West | 1 Bedroom - Available Now! | 1BR,1BA | $1.38 |
Greenfield | Hartley | 1BR,1BA | $1.67 |
Stratford Wood | Timberland + Den | 1BR,1BA | $1.81 |
The Views of Minnetonka | The Bren | 1BR,1BA | $1.84 |
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.
Frequently Asked Questions about Oak Terrace
What type of rentals are currently available in Oak Terrace?
There are currently 103 Apartments for Rent in Oak Terrace, MN with pricing that ranges from $995 to $5,025. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Terrace ranging from $1,250 to $5,500.
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 $1,250 to $5,500 with an average monthly rent of $2,636.
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.

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.

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.

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.

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.