Cheap Homes for Rent in Elba, MN from $900 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Elba.

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.

Read Article

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.

Read Article
Showing Results 1-11, 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 River's Edge priced from $750. 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
River's EdgeOne Bedroom1BR,1BA$750
Lakeview Manor ApartmentsStudioStudio,1BA$800
Eastwood Manors1BR/1.0BA1BR,1BA$900
Colonial Apartments2BR/1.5BA2BR,1BA$935
The Midtown ApartmentsOne Bed One Bath1BR,1BA$945

Best Value Apartments for Rent in Elba, MN and Nearby

As of September 10, 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 3bed/2bathroom Model at The Riverview starting at $1,600 with a $1.27 price per square foot in the Meadow Park neighborhood. 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.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
The Riverview3bed/2bathroom3BR,2BA$1.27
Country Valley16x723BR,2BA$0.86
Fairway Woods ApartmentsTwo Bedroom2BR,1BA$1.13
Colonial Apartments2BR/1.5BA2BR,1.5BA$1.00
Golfview Crossing ApartmentsTwo Bedroom2BR,1BA$1.16
Olympik Village ApartmentsAres2BR,1BA$1.17
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
Eastwood Manors1BR/1.0BA1BR,1BA$1.29
River's EdgeOne Bedroom1BR,1BA$1.11

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elba, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Elba, MN

View Map
Elba, MN Apartments Map
View Map
Elba, MN Rental Homes Map

Frequently Asked Questions about Elba

What type of rentals are currently available in Elba?

There are currently 40 Apartments for Rent in Elba, MN with pricing that ranges from $435 to $3,300. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elba ranging from $900 to $2,950.

What is the current price range for Rental Homes in Elba?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elba ranges from $900 to $2,950 with an average monthly rent of $2,023.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.