317 6th Ave N
Grand ForksND58203
Cheap Homes for Rent in Oak Island, MN from $800 (1 Rental)
Search the lowest-cost Homes available for rent right now in Oak Island.
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.
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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 | $850 | $850 | $850 |
| Oak Island 3 Bedroom Homes for Rent | $1,563 | $1,300 | $1,995 |
| Oak Island 4 Bedroom Homes for Rent | $1,795 | $1,795 | $1,795 |
| Oak Island 5 Bedroom Homes for Rent | $2,295 | $2,295 | $2,295 |
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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 December 06, 2025 the best value apartment in the Oak Island area is the $1.09 price per square foot 4BR/1BA Model at Block V in the in the Downtown Grand Forks neighborhood starting from $1,525. The second greatest value Oak Island apartment is the 2 bedroom Model at Heritage Terrace Townhomes starting at $870 with a $0.69 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. |
|---|---|---|---|
| Block V | 4BR/1BA | 4BR,1BA | $1.09 |
| Heritage Terrace Townhomes | 2 bedroom | 2BR,1BA | $0.69 |
| Southwood Park Townhomes | Sherwood 2 bedroom | 2BR,1.5BA | $0.87 |
| West River Falls | 110-217 | 2BR,1BA | $1.20 |
| SummerField Thief River Falls Townhomes | Two Bedroom Two Bath | 2BR,2BA | $0.98 |
| Parkwood Apartments | 2 Bedroom | 2BR,1BA | $0.86 |
| Oakwood Homes | Apartment | 1BR,1BA | $1.02 |
| Tamarack Place | 1 Bedroom | 1BR,1BA | $1.18 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.10 |
| Northwood Commons | 1 Bedroom | 1BR,1BA | $1.21 |
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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The 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.
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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 $688 to $2,345. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Island ranging from $850 to $2,295.
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 $850 to $2,295 with an average monthly rent of $1,625.
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 $916 to $2,345, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $1,995. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,223.
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.
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.
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.