
Cheap Apartments for Rent in Oak Island, MN from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Oak Island.


Broadway 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.
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.

401 N 4th 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 | $860 | $793 | $893 |
Oak Island 1 Bedroom Apartments | $912 | $626 | $1,124 |
Oak Island 2 Bedroom Apartments | $1,041 | $713 | $1,485 |
Oak Island 3 Bedroom Apartments | $1,137 | $903 | $1,675 |
Oak Island 4 Bedroom Apartments | $1,212 | $1,165 | $1,260 |
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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 $626. Broadway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. 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 | $626 |
Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $650 |
Northwood Commons | 1 Bedroom | 1BR,1BA | $688 |
Best Value Apartments for Rent in Oak Island, MN and Nearby
As of May 28, 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 2 Bedroom 1 Bath Model at Crookston Townhomes starting at $866 with a $0.66 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. |
---|---|---|---|
Fisher Townhomes | 3 bedroom Townhome | 3BR,1.5BA | $0.70 |
Crookston Townhomes | 2 Bedroom 1 Bath | 2BR,1.5BA | $0.66 |
River Falls Estates | Unit 204 | 2BR,2BA | $1.06 |
Southwood Park Townhomes | Southwood 2 bedroom | 2BR,1.5BA | $0.97 |
Block V | STUDIO/1BA | Studio ,1BA | $0.97 |
Country Acres Apartment | 1918 | 2BR,1BA | $1.03 |
Oakwood Homes | Apartment | 1BR,1BA | $1.02 |
Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $0.93 |
Northwood Commons | 1 Bedroom | 1BR,1BA | $1.21 |
White House and Blair House | White House Single Bedroom | 1BR,1BA | $1.24 |
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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 $626 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 Broadway Apartments and starts from $875.
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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.