
Cheap Apartments for Rent in Oak Island, MN from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Oak Island.


White House and Blair House

Prairie Rose

Oakwood Homes

Green Acres Apartments

Broadway Apartments

Fisher Townhomes

Eleven01 Apartments

Parkwood Apartments
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.

Icon Apartments

Block V

Crookston Townhomes

Tamarack Place

Heritage Terrace Townhomes

Wheatland Estates

Prairieland Duplexes

First Street Estates

Heritage Highland II Townhomes
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.

Agassiz Townhomes

West River Falls

Franklin on 4th

411 River St NE, Unit 14

Greentree Square II

Southwood Park Townhomes

River Falls Estates

Heritage Highlands

Minnesota Heights Apartments
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.

Northwood Park Townhomes

Northern Heights Apartments

Pioneer Court A Ltd Ptshp

Condor Apartments - Section 8 community

Country Acres Apartment

323 Seward Ave

Historic Wings LLC Apartments

The Meadows

301 Leonard Ave
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.

Country View Apartments

1017 S 12th St
Oak Island, MN Local Guide

How much does it cost to rent an apartment in Oak Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Island Studio Apartments | $1,042 | $816 | $1,250 |
| Oak Island 1 Bedroom Apartments | $1,065 | $688 | $1,845 |
| Oak Island 2 Bedroom Apartments | $1,195 | $790 | $2,100 |
| Oak Island 3 Bedroom Apartments | $1,387 | $916 | $2,295 |
| Oak Island 4 Bedroom Apartments | $1,573 | $1,223 | $2,475 |
Browse Top Apartments in Oak Island
See all Apartments in Oak IslandExplore Oak Island
Oak Island, MN Local Guide
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Cheapest Available Oak Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Oak Island, MN is a 1 Bed unit found at Northwood Commons priced from $688. White House and Blair House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Oak Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northwood Commons | 1 Bedroom | 1BR,1BA | $688 |
| White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $690 |
| Oakwood Homes | Apartment | 1BR,1BA | $766 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $800 |
| Eleven01 Apartments | A1 | 1BR,1BA | $816 |
| Prairie Rose | Two Bedroom Apartment | 2BR,1BA | $823 |
| Tamarack Place | 1 Bedroom | 1BR,1BA | $866 |
| Block V | 1BR/1BA | 1BR,1BA | $875 |
| Wheatland Estates | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Crookston Townhomes | 3 Bedroom 1.5 Bath | 3BR,1BA | $992 |
Best Value Apartments for Rent in Oak Island, MN and Nearby
As of April 07, 2026 the best value apartment in the Oak Island area is the $0.57 price per square foot 3 Bedroom 1 Bath Handi Cap Unit Model at Agassiz Townhomes in the starting from $1,046. The second greatest value Oak Island apartment is the 3 Bedroom 1.5 Bath Model at Crookston Townhomes starting at $992 with a $0.68 price per square foot . Here is today’s list of the best values for Oak Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Agassiz Townhomes | 3 Bedroom 1 Bath Handi Cap Unit | 3BR,1BA | $0.57 |
| Crookston Townhomes | 3 Bedroom 1.5 Bath | 3BR,1.5BA | $0.68 |
| Heritage Highlands | 2 Bed + 2 Bath | 2BR,2BA | $0.87 |
| River Falls Estates | Unit 213 | 2BR,1BA | $1.07 |
| Southwood Park Townhomes | Southwood 2 bedroom | 2BR,1.5BA | $1.02 |
| Prairieland Duplexes | 3 bedroom Duplex | 3BR,1BA | $1.14 |
| Prairie Rose | Three Bedroom Apartment | 3BR,1BA | $1.08 |
| Oakwood Homes | Apartment | 1BR,1BA | $1.02 |
| Tamarack Place | 1 Bedroom | 1BR,1BA | $1.18 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.14 |
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.
Read ArticleDon'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 ArticleThe 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 ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Oak Island, MN Rentals by Map
See the most popular apartments and homes in Oak Island, MN
Frequently Asked Questions about Cheap Oak Island Apartments
How much is rent for a Cheap One Bedroom Oak Island Apartment?
The lowest price for a Cheap One Bedroom Oak Island Apartment is $688 at Northwood Commons.
What is the lowest price for a Cheap Two Bedroom Oak Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oak Island is starting from $823 at Prairie Rose.
What is the most affordable Oak Island Three Bedroom Apartment?
The best deal on a cheap Oak Island Three Bedroom Apartment rental is at Prairie Rose and starts from $951.
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.
Articles, How-To's, and Tips

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.