
Cheap Apartments for Rent in Elba, MN from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Elba.


Total Monthly Price
Key Broadway Apartments

Eastwood Manors

Fairway Woods Apartments

Lakeview Manor Apartments

Country Valley
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.

Golfview Crossing Apartments

The Beacon

Total Monthly Price
Chester Estates

Colonial Apartments

Madison Place

Washington Crossing
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.

River Glen

311 Division St

Total Monthly Price
Civic Square Apartments

EastGate Apartments

Bryk on Broadway
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.

111 8th Ave SE
Elba, MN Local Guide

How much does it cost to rent an apartment in Elba?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elba Studio Apartments | $1,209 | $525 | $1,575 |
| Elba 1 Bedroom Apartments | $1,541 | $450 | $2,705 |
| Elba 2 Bedroom Apartments | $1,886 | $895 | $3,300 |
| Elba 3 Bedroom Apartments | $1,698 | $895 | $2,200 |
Browse Top Apartments in Elba
See all Apartments in ElbaExplore Elba
Elba, MN Local Guide
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Cheapest Available Elba Apartments for Rent and Nearby
 The cheapest available apartment rental in Elba, MN is a Studio unit found at Key Randall Apartments priced from $525. Lakeview Manor Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Elba apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Key Randall Apartments | Studio | Studio,1BA | $525 |
| Lakeview Manor Apartments | Studio | Studio,1BA | $800 |
| Country Valley | 16x72 | 3BR,2BA | $895 |
| Fairway Woods Apartments | One Bedroom | 1BR,1BA | $949 |
| Washington Crossing | 1 Bedroom | 1BR,1BA | $1,016 |
Best Value Apartments for Rent in Elba, MN and Nearby
As of December 12, 2025 the best value apartment in the Elba area is the $1.07 price per square foot 2BR Model at Broadway Plaza - Mayo Clinic in the in the Meadow Park neighborhood starting from $1,700. The second greatest value Elba apartment is the 16x72 Model at Country Valley starting at $895 with a $0.78 price per square foot . Here is today’s list of the best values for Elba apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
| Country Valley | 16x72 | 3BR,2BA | $0.78 |
| Olympik Village Apartments | Apollo | 3BR,2BA | $1.20 |
| TwentyFirst Ave | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.49 |
| Golfview Crossing Apartments | Two Bedroom | 2BR,1BA | $1.16 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| River Glen | 1 Bedroom | 1BR,1BA | $1.32 |
| Fairway Woods Apartments | One Bedroom | 1BR,1BA | $1.23 |
| Washington Crossing | 1 Bedroom | 1BR,1BA | $1.59 |
| Key Randall Apartments | Studio | Studio ,1BA | $1.64 |
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.
Read ArticleThe 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elba, MN Rentals by Map
See the most popular apartments and homes in Elba, MN
Getting Around Elba, MN
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
1 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elba Apartments
What is the Cheapest Studio apartment in Elba?
Currently the most affordable Cheap Studio Apartment in Elba is at Key Randall Apartments listed at $525.
How much is rent for a Cheap One Bedroom Elba Apartment?
The lowest price for a Cheap One Bedroom Elba Apartment is $949 at Fairway Woods Apartments.
What is the lowest price for a Cheap Two Bedroom Elba Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elba is starting from $1,029 at Golfview Crossing Apartments.
What is the most affordable Elba Three Bedroom Apartment?
The best deal on a cheap Elba Three Bedroom Apartment rental is at Country Valley and starts from $895.
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

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.
