
Cheap Apartments for Rent in Oak Island, MN from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Oak Island.


Parkwood Apartments

Prairie Rose

Oakwood Homes

Fisher Townhomes

Broadway Apartments

River Falls Estates

Historic Wings LLC Apartments

Eleven01 Apartments

Heritage Terrace Townhomes

Crookston Townhomes

First Street Estates

Tamarack Place

Wheatland Estates

Condor Apartments - Section 8 community
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 | $1,159 | $775 | $1,225 |
| Oak Island 1 Bedroom Apartments | $1,071 | $688 | $1,895 |
| Oak Island 2 Bedroom Apartments | $1,161 | $713 | $2,050 |
| Oak Island 3 Bedroom Apartments | $1,313 | $903 | $2,345 |
| Oak Island 4 Bedroom Apartments | $1,341 | $1,165 | $1,675 |
Browse Top Apartments in Oak Island
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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 White House and Blair House priced from $695. Prairie Rose has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here is today’s list of the most affordable Oak Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| White House and Blair House | Blair House Single Bedroom | 1BR,1BA | $695 |
| Prairie Rose | One Bedroom | 1BR,1BA | $696 |
| Oakwood Homes | Townhomes | 2BR,1BA | $713 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $771 |
| Condor Apartments - Section 8 community | 1 bed, 1 bath | 1BR,1BA | $780 |
Best Value Apartments for Rent in Oak Island, MN and Nearby
As of November 07, 2025 the best value apartment in the Oak Island area is the $0.70 price per square foot 3 bedroom Townhome Model at Fisher Townhomes in the starting from $1,013. The second greatest value Oak Island apartment is the 4BR/1BA Model at Block V starting at $1,525 with a $1.09 price per square foot in the Downtown Grand Forks neighborhood. 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. |
|---|---|---|---|
| Fisher Townhomes | 3 bedroom Townhome | 3BR,1.5BA | $0.70 |
| Block V | 4BR/1BA | 4BR,1BA | $1.09 |
| Heritage Terrace Townhomes | 2 bedroom | 2BR,1BA | $0.66 |
| West River Falls | 110-217 | 2BR,1BA | $1.20 |
| SummerField Thief River Falls Townhomes | Two Bedroom Two Bath | 2BR,2BA | $0.98 |
| Southwood Park Townhomes | Southwood 2 bedroom | 2BR,1.5BA | $0.97 |
| Parkwood Apartments | 2 Bedroom | 2BR,1BA | $0.86 |
| River Falls Estates | Unit 201 TIF | 2BR,1BA | $0.84 |
| Oakwood Homes | Apartment | 1BR,1BA | $1.02 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.10 |
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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 $695 at White House and Blair House.
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 $713 at Oakwood Homes.
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
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.




