Cheap Apartments for Rent in Elba, MN from $400 (34 Rentals)

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Key Randall Apartments
$525 - $575
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$525 - $575
Total Monthly Price
$525 - $575
Studio Apartments Contact Us For Availability

Key Randall Apartments

1258 Randall StWinona, MN 55987
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  • Utilities Included

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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Olympik Village Apartments
$1,085 - $1,195
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,005 - $1,115
Required Monthly Fees
$80
Total Monthly Price
$1,085 - $1,195
1 to 3 Bedroom Apartments Available Jun 10

Olympik Village Apartments

402 31st StRochester, MN 55906
Affordability
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  • 3D Tour

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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The Exchange
$1,225 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,600
Required Monthly Fees
$75
Total Monthly Price
$1,225 - $1,675
Studio to 2 Bedroom Apartments Available Now

The Exchange

51 E 4th StWinona, MN 55987
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Silver Lake Crossing
Rent Specials
$1,250 - $2,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,750
Total Monthly Price
$1,250 - $2,750
Studio to 2 Bedroom Apartments Available Now

Silver Lake Crossing

28 7th St NERochester, MN 55906
Eco-Friendly
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  • Utilities Included
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The Riverview
$1,345 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,595
Total Monthly Price
$1,345 - $1,595
1 to 2 Bedroom Apartments Available Now

The Riverview

211 1st St NERochester, MN 55906
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The Manor at Med City
$1,360 - $1,765
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,630
Required Monthly Fees
$135
Total Monthly Price
$1,360 - $1,765
1 to 3 Bedroom Apartments Available Now

The Manor at Med City

1505 Marion Rd SERochester, MN 55904
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The Quarters
$1,395 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,495
Total Monthly Price
$1,395 - $1,495
2 to 4 Bedroom Apartments Available Now

The Quarters

826 21st Ave SERochester, MN 55904
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1017 21st St SE
2 Bedroom Apartments

1017 21st St SE

1017 21st St SERochester, MN 55904

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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Colonial Apartments
1 to 2 Bedroom Apartments

Colonial Apartments

417-423 27th St NERochester, MN 55906
  • Utilities Included
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Chester Estates
1 to 2 Bedroom Apartments

Chester Estates

1463-1537 6th Ave SERochester, MN 55904
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The Beacon
Studio Apartments

The Beacon

431 3rd Ave SERochester, MN 55904
Corporate Housing
  • Utilities Included
property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

28 6th Ave SE

RochesterMN55904
property at 3607 10th Ln NW

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Jun 10

3607 10th Ln NW

RochesterMN55901
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The Midtown Apartments
1 to 2 Bedroom Apartments

The Midtown Apartments

204 13th St NWRochester, MN 55901
  • Utilities Included
property at 1513 2nd St NE

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

1513 2nd St NE

RochesterMN55906
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1st Avenue Flats
1 to 2 Bedroom Apartments

1st Avenue Flats

400 1st Ave NWRochester, MN 55901

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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property at 4718 13th Ave NW

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275
Total Monthly Price
$1,275

2 Bedroom, 1 Bath Home for Rent

Available Jul 27

4718 13th Ave NW

RochesterMN55901
property at 2094 11th Ave SE

$1,350

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Jun 2

2094 11th Ave SE

RochesterMN55904
Showing Results 1-34, Page 1 of 1

Elba, MN Local Guide

Cheapest Available Elba Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elba, MN is a 1 Bed unit found at RIVERS EDGE RESIDENCES priced from $775. 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 ListingModel NameBed/BathPriced From
RIVERS EDGE RESIDENCES1 BED 1 BATH1BR,1BA$775
Lakeview Manor ApartmentsStudioStudio,1BA$800
Clover Patch ApartmentsOne Bedroom1BR,1BA$815
The BeaconStudioStudio,1BA$995
Fairway Woods ApartmentsTwo Bedroom2BR,1BA$1,109
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,125
The Exchange0BR/1.0BAStudio,1BA$1,225
1st Avenue Flats2 Bedroom2BR,2BA$1,285
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,360
The Quarters2 Bedroom2BR,2BA$1,395

Best Value Apartments for Rent in Elba, MN and Nearby

As of June 02, 2026 the best value apartment in the Elba area is the $1.19 price per square foot 3 x 2 Model at River Glen in the in the North Rochester neighborhood starting from $1,665. The second greatest value Elba apartment is the 2 Beds, 1 bath Model at Madison Place starting at $1,800 with a $1.29 price per square foot . Here is today’s list of the best values for Elba apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Glen3 x 23BR,2BA$1.19
Madison Place2 Beds, 1 bath2BR,1BA$1.29
EastGate ApartmentsB1-602BR,2BA$1.46
1st Avenue Flats2 Bedroom2BR,2BA$1.28
The Quarters2 Bedroom2BR,2BA$1.40
Fairway Woods ApartmentsTwo Bedroom2BR,1BA$1.16
The Riverview2bed/2 Bathroom2BR,2BA$1.65
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
RIVERS EDGE RESIDENCES1 BED 1 BATH1BR,1BA$1.14
Clover Patch ApartmentsOne Bedroom1BR,1BA$1.52

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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Location, Location, Location!

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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 Lakeview Manor Apartments listed at $800.

How much is rent for a Cheap One Bedroom Elba Apartment?

The lowest price for a Cheap One Bedroom Elba Apartment is $775 at RIVERS EDGE RESIDENCES.

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 $825 at RIVERS EDGE RESIDENCES.

What is the most affordable Elba Three Bedroom Apartment?

The best deal on a cheap Elba Three Bedroom Apartment rental is at The Manor at Med City and starts from $1,615.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.