Cheap Homes for Rent in Elba, MN from $1,000 (7 Rentals)

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

property at 111 8th Ave SE

111 8th Ave SE

RochesterMN55904
property at 1107 5th Ave NW

1107 5th Ave NW

RochesterMN55901
property at 120 11th St NW

120 11th St NW

RochesterMN55901

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.

property at 535 19th St NW

535 19th St NW

RochesterMN55901
property at 317 Market St

317 Market St

WinonaMN55987
property at 2114 Valleyhigh Dr NW

2114 Valleyhigh Dr NW

RochesterMN55901

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.

property at 270 W 3rd St

270 W 3rd St

WinonaMN55987

Elba, MN Local Guide

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. Key Broadway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Elba apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Key Randall ApartmentsStudioStudio,1BA$525
Key Broadway ApartmentsGarden View1BR,1BA$625
Eastwood Manors1BR/1.0BA1BR,1BA$775

Best Value Apartments for Rent in Elba, MN and Nearby

As of October 27, 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 $995 with a $0.86 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.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Country Valley16x723BR,2BA$0.86
Olympik Village ApartmentsApollo3BR,2BA$1.19
Fairway Woods ApartmentsTwo Bedroom2BR,1BA$1.13
Colonial Apartments2BR/1.5BA2BR,1.5BA$0.96
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
Eastwood Manors1BR/1.0BA1BR,1BA$1.11
Washington Crossing1 Bedroom1BR,1BA$1.47
Golfview Crossing ApartmentsOne Bedroom1BR,1BA$1.34
Key Broadway ApartmentsGarden View1BR,1BA$1.04

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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

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Frequently Asked Questions about Elba

What type of rentals are currently available in Elba?

There are currently 42 Apartments for Rent in Elba, MN with pricing that ranges from $435 to $3,300. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elba ranging from $1,050 to $3,300.

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 $1,050 to $3,300 with an average monthly rent of $1,911.

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.

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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.