5+ Days Ago
Highlights
Pet Friendly
Location
2740 North Balboa Avenue, Tucson, Arizona 85705, United States|Balboa Heights
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Property Overview
Oakwood Terrace Apartments receives an impressive 8.4 out of 10 on Zumper, indicating it is an excellent choice for renters. It is competitively priced, achieves a perfect score for price rating, and features strong amenities and location ratings of 8 and 9, respectively, ensuring residents enjoy a high quality of life. Additionally, the property is noted for its vibrant social life, with numerous restaurants and mixed-use spaces nearby, alongside a reliable level of transparency from its management.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Great for
Social life
Floor plans
| Studio | Studio | 1 bath | 500 sqft | $645 /mo | 1 unit available | Welcome to Oakwood Terrace Apartments! Apartment Features: - Spacious Interiors - Appliances include stove and refrigerator - Newly installed laminate/tile flooring (Limited units available) - New light fixtures - Electric A/C and Heating System - Walk-In Closet - Private patio (Limited units available) Property Features: - Courtyard - Sparkling Pool - Two onsite laundry Oakwood Terrace Apartments is under new management. With and Onsite Maintenance/Manager Residents at Oakwood Terrace Apartments enjoy having access to: This location is in the Oracle and Grant neighborhood in Tucson. Nearby parks are Laguna Park and Jacinto Park The following eateries are nearby: - Parilla Suiza - Burger King - Jack in the Box - Guero Canelo - El Taco Rustico - Mariscos Baja Mar - Gandhi Cuisine of India - Monterey Court - Walking and/or biking distance to a large mix of lifestyle conveniences primarily in the restaurants, bars, coffee shops, and grocery stores. Pets are like family to us, and so we welcome your furry little friends at Oakwood Terrace Apartments! Pet fees: $35/mo per pet (2 pet limit) (Weight restrictions 35lbs) Qualify today! ⁃ Credit Check ⁃ Background check ⁃ Monthly income 2.5 times rent | |
| 1BR/1.0BA | 1 bed | 1 bath | 650 sqft | $795 /mo | 1 unit available | 1st month's rent is FREE. (Pay only the deposit TO MOVE IN !!!) 1 bed 1 bath starting at $795.00/mo, $50.00 RUBS, $300.00 deposit At Valley Income Properties, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents. Our program handles insurance, rent rewards, and more at a rate of $18.00/month, added to every property as a required program. More details upon application. |
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Amenities for Oakwood Terrace Apartments
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 58 |
|---|
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About Oakwood Terrace Apartments
Welcome to Oakwood Terrace Apartments! Apartment Features: - Spacious Interiors - Appliances include stove and refrigerator - Newly installed laminate/tile flooring (Limited units available) - New light fixtures - Electric A/C and Heating System - Walk-In Closet - Private patio (Limited units available) Property Features: - Courtyard - Sparkling Pool - Two onsite laundry Oakwood Terrace Apartments is under new management. With and Onsite Maintenance/Manager Residents at Oakwood Terrace Apartments enjoy having access to: This location is in the Oracle and Grant neighborhood in Tucson. Nearby parks are Laguna Park and Jacinto Park The following eateries are nearby: - Parilla Suiza - Burger King - Jack in the Box - Guero Canelo - El Taco Rustico - Mariscos Baja Mar - Gandhi Cuisine of India - Monterey Court - Walking and/or biking distance to a large mix of lifestyle conveniences primarily in the restaurants, bars, coffee shops, and grocery stores. Pets are like family to us, and so we welcome your furry little friends at Oakwood Terrace Apartments! Pet fees: $35/mo per pet (2 pet limit) (Weight restrictions 35lbs) Qualify today! ⁃ Credit Check ⁃ Background check ⁃ Monthly income 2.5 times rent
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, Oakwood Terrace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Oakwood Terrace Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Oakwood Terrace Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Oakwood Terrace Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Oakwood Terrace Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Oakwood Terrace Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Oakwood Terrace Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Oakwood Terrace Apartments compares to other nearby properties.
Positives
- More space
- Studio is 109 sqft larger than other listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Balboa Heights
Studio apartments at Oakwood Terrace Apartments cost about 7% less than the average rent price for studios in Balboa Heights.
1-bedroom apartments here are priced 4% lower than 1-bedrooms in Balboa Heights.
Median rents as of Jan 17 2026.
Balboa Heights
Tucson
| Month | Median Rent |
|---|---|
| February 2024 | $797 |
| March 2024 | $785 |
| April 2024 | $783 |
| May 2024 | $771 |
| June 2024 | $773 |
| July 2024 | $750 |
| August 2024 | $750 |
| September 2024 | $768 |
| October 2024 | $755 |
| November 2024 | $754 |
| December 2024 | $776 |
| January 2025 | $771 |
| February 2025 | $773 |
| March 2025 | $779 |
| April 2025 | $750 |
| May 2025 | $749 |
| June 2025 | $749 |
| July 2025 | $750 |
| August 2025 | $750 |
| September 2025 | $748 |
| October 2025 | $750 |
| November 2025 | $749 |
| December 2025 | $750 |
| January 2026 | $750 |
| Month | Median Rent |
|---|---|
| May 2024 | $650 |
| November 2024 | $725 |
| December 2024 | $725 |
| January 2025 | $771 |
| February 2025 | $710 |
| March 2025 | $695 |
| April 2025 | $695 |
| May 2025 | $695 |
Affordability calculator
Can I afford to live at 2740 North Balboa Avenue?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$25,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $25,800 annually to afford this studio monthly rent price of $645.
For more information on rent affordability, visit our rent calculator.
Schools near Oakwood Terrace Apartments
E. C. Nash Elementary School
515 w kelso st
tucson, AZ, 85705
PK, K-5Public
C
Rillito Center
266 e pastime rd
tucson, AZ, 85705
PK, K-12Public
Amphi Academy at El Hogar
450 e wetmore rd
tucson, AZ, 85705
K-12Public
C
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Internet available near Oakwood Terrace Apartments
Neighborhood
Balboa Heights | Tucson, AZ
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Tucson near 2740 North Balboa Avenue
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 2740 North Balboa Avenue, Tucson
Groceries
6/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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