
Cheap Homes for Rent in Oak Island, MN from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Oak Island.


101 Willow St

3504 11th Ave N, Unit 4

519 Dewey Ave N
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.

4600 S Washington St, Unit 101

4600 S Washington St

202 7th Ave S

1409 8th Ave N
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.

411 River St NE, Unit 11
Oak Island, MN Local Guide

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 | $859 | $725 | $1,000 |
Oak Island 3 Bedroom Homes for Rent | $1,411 | $1,175 | $1,695 |
Oak Island 4 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
Browse Top Homes for Rent in Oak Island
Explore 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 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 |
Quick 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.
Frequently Asked Questions about Oak Island
What type of rentals are currently available in Oak Island?
There are currently 33 Apartments for Rent in Oak Island, MN with pricing that ranges from $626 to $1,675. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Island ranging from $700 to $1,695.
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 $700 to $1,695 with an average monthly rent of $1,037.
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 $903 to $1,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $1,695. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,165.
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.