323 Seward Ave
Grand ForksND58203
Cheap Homes for Rent near Oak Island, MN from $875 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Oak Island.
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.
122 Vance Ave N
ErskineMN56535
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.
1703 S 35th St
Grand ForksND58201
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Oak Island, MN Local Guide
Wintry Picnic area by Nic McPhee is licensed under CC BY 2.0
How much does it cost to rent a home in Oak Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oak Island 2 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
| Oak Island 3 Bedroom Homes for Rent | $1,704 | $1,250 | $2,000 |
| Oak Island 4 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Oak Island 5 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Oak Island
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Oak Island, MN Local Guide
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Best Value Apartments for Rent in Oak Island, MN and Nearby
As of August 23, 2026 the best value apartment in the Oak Island area is the $0.57 price per square foot 2 Bedroom 2 Bath Model at Agassiz Townhomes in the starting from $953. The second greatest value Oak Island apartment is the Southwood 3 bedroom Model at Southwood Park Townhomes starting at $1,179 with a $0.88 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 | 2 Bedroom 2 Bath | 2BR,1.5BA | $0.57 |
| Southwood Park Townhomes | Southwood 3 bedroom | 3BR,1.5BA | $0.88 |
| Northern Heights Apartments | 3 Bed/2 Bath | 1,334 SF | 3BR,2BA | $1.25 |
| Icon Apartments | 2x1 | 2BR,1BA | $1.13 |
| Green Acres | Layout G | 2BR,1BA | $0.88 |
| Tamarack Place | 2 Bedroom | 2BR,1BA | $1.09 |
| Prairie Rose | Three Bedroom Apartment | 3BR,1BA | $1.08 |
| Prairieland Duplexes | 2 bedroom Duplex | 2BR,1BA | $1.14 |
| Oakwood Homes | 1B Apartment | 1BR,1BA | $1.03 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.15 |
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.
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Real 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.
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See the most popular apartments and homes in Oak Island, MN
Frequently Asked Questions about Oak Island
What type of rentals are currently available in Oak Island?
There are currently 36 Apartments for Rent in Oak Island, MN with pricing that ranges from $695 to $2,475. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Island ranging from $875 to $2,400.
What is the current price range for Rental Homes in Oak Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Island ranges from $875 to $2,400 with an average monthly rent of $1,664.
How much are larger Three and Four Bedroom Rentals in Oak Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oak Island range from $899 to $2,345, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,000. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,223.
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
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.