Cheap Apartments for Rent in the Terrace Drive Neighborhood of Tulsa, OK from $400 (86 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Terrace Drive area of Tulsa.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Heritage Apartments
Rent Specials
$830 - $1,015
Total Monthly Price

Total Monthly Price

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$830 - $1,015
Total Monthly Price
$830 - $1,015
1 to 2 Bedroom Apartments Available Now

Heritage Apartments

4455 E 31st StTulsa, OK 74135
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Westpark
$913 - $1,464
Total Monthly Price

Total Monthly Price

Base Rent
$913 - $1,464
Total Monthly Price
$913 - $1,464
1 to 2 Bedroom Apartments Available Now

Westpark

2405 E 4th PlTulsa, OK 74104
Affordability
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  • Customer Reviewed
  • Utilities Included

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Joanna Apartments
1 Bedroom Apartments

Joanna Apartments

1630 S Baltimore AveTulsa, OK 74119
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Gary Court
2 Bedroom Apartments

Gary Court

1041 N Gary PlTulsa, OK 74110
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Oaklawn Apartments
Studio to 3 Bedroom Apartments

Oaklawn Apartments

2431 E 8th StTulsa, OK 74104
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Westminster
1 to 2 Bedroom Apartments

Westminster

115 E 16th StTulsa, OK 74119

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Terrace Drive, Tulsa, OK Local Guide

Cheapest Available Terrace Drive Apartments for Rent

 

The cheapest available apartment rental in the Terrace Drive area of Tulsa, OK is a 1 Bed unit found at Diana priced from $689. Parkewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $689. Here are the most affordable Terrace Drive apartments for rent in Tulsa, OK:

Apartment ListingModel NameBed/BathPriced From
Diana1 Bedroom1BR,1BA$689
Parkewood1 Bedroom1BR,1BA$689
Twin Oaks1 bedroom1BR,1BA$689
2540 E 7th St1 Beds, 1 Baths1BR,1BA$725
Baltimore Arms ApartmentsEfficiencyStudio,1BA$780
Riverbend Gardens2B50-22BR,2BA$808
Mansion HouseStudio1BR,1BA$815
Heritage ApartmentsA1- 1 bedroom1BR,1BA$830
Westpark1 Bdrm Garden, 699 SqFt, Tax Credit, 60% AMI1BR,1BA$934

Best Value Apartments for Rent in Terrace Drive, OK

As of June 11, 2026 the best value apartment in the Terrace Drive area is the $0.84 price per square foot 2B60 Model at Riverbend Gardens in the in the Blue Dome District neighborhood starting from $1,004. The second greatest value Terrace Drive apartment is the 2 Beds, 1 Baths Model at 807 S Trenton Ave starting at $1,195 with a $1.20 price per square foot in the Midtown Tulsa neighborhood. Here is today’s list of the best values for Terrace Drive apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Riverbend Gardens2B602BR,2.5BA$0.84
807 S Trenton Ave2 Beds, 1 Baths2BR,1BA$1.20
Jacobs Lofts on First1BR/1.0BA1BR,1BA$1.40
1717 S Quincy Ave, Unit #41717 S Quincy Ave1BR,1BA$1.12
1408 S Quaker AveThe Everly on Cherry Street2BR,1BA$1.39
450 West 7th Street, Unit 410450 West 7th StreetStudio ,1BA$1.43
2540 E 7th St1 Beds, 1 Baths1BR,1BA$1.12
Twin Oaks1 bedroom1BR,1BA$1.08
Parkewood1 Bedroom1BR,1BA$1.10
Diana1 Bedroom1BR,1BA$1.37

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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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.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Oklahoma including Terrace Drive, Tulsa, and the greater Tulsa area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, family-friendliness, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Terrace Drive Apartments

What is the Cheapest Studio apartment in Terrace Drive?

Currently the most affordable Cheap Studio Apartment in Terrace Drive is at Baltimore Arms Apartments listed at $780.

How much is rent for a Cheap One Bedroom Terrace Drive Apartment?

The lowest price for a Cheap One Bedroom Terrace Drive Apartment is $689 at Diana.

What is the lowest price for a Cheap Two Bedroom Terrace Drive Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Terrace Drive is starting from $808 at Riverbend Gardens.

What is the most affordable Terrace Drive Three Bedroom Apartment?

The best deal on a cheap Terrace Drive Three Bedroom Apartment rental is at NOMA and starts from $2,547.

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.

Helpful Local Expert Guides

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Top Neighborhoods to Rent Near Major Colleges and Universities in Tulsa

Written by: Mike Heuer

I am Mike, your ApartmentHomeLiving.com guide in the Greater Tulsa, Oklahoma, area. Tulsa is a terrific city with a population of more than 415,000 within the city limits and more than a million in the greater metropolitan area.

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From Tunnels to Tomcats: Your Ultimate Guide to Renting in Tulsa

Written by: Mike Heuer

Tulsa, Oklahoma, is a highly underrated city that has a lot to offer visitors and locals alike.

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Tulsas Top Spots: Where to Rent When You Land the Dream Job

Written by: Mike Heuer

Tulsa, Oklahoma, is a growing city with more than a million residents in its metropolitan area. The city is home to many very good employers that have quality neighborhoods and Tulsa suburbs located nearby.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.