Cheap Apartments for Rent in Elbow Lake, MN from $400 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elbow Lake.

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Elbow Lake Apartments
1 to 2 Bedroom Apartments

Elbow Lake Apartments

111 1st St NEElbow Lake, MN 56531
  • Utilities Included
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Elmwood Terrace
1 to 2 Bedroom Apartments

Elmwood Terrace

17 5th Ave NEElbow Lake, MN 56531
property at 17 3rd Ave NE

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

3 Bedroom, 1 Bath Home for Rent

Available Now

17 3rd Ave NE

Elbow LakeMN56531
property at 902 1st St S

$400

Total Monthly Price

Total Monthly Price

Base Rent
$400
Total Monthly Price
$400

2 Bedroom, 1 Bath Home for Rent

Available Now

902 1st St S

WahpetonND58075
property at 97 7th Ave S

$400

Total Monthly Price

Total Monthly Price

Base Rent
$400
Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

97 7th Ave S

WahpetonND58075
property at 500 1st Ave S

$460

Total Monthly Price

Total Monthly Price

Base Rent
$460
Total Monthly Price
$460

1 Bedroom, 1 Bath Home for Rent

Available Now

500 1st Ave S

FairmountND58030
property at 511 Main Ave N

$580

Total Monthly Price

Total Monthly Price

Base Rent
$580
Total Monthly Price
$580

2 Bedroom, 1 Bath Home for Rent

Available Now

511 Main Ave N

HankinsonND58041

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Colonial Village Apartments
$770 - $1,270
Total Monthly Price

Total Monthly Price

Base Rent
$770 - $1,270
Total Monthly Price
$770 - $1,270
1 to 4 Bedroom Apartments Contact Us For Availability

Colonial Village Apartments

1234 North BroadwayFergus Falls, MN 56537
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Pheasant Run
$969 - $1,394
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,375
Required Monthly Fees
$19
Total Monthly Price
$969 - $1,394
1 to 3 Bedroom Apartments Available Now

Pheasant Run

825 34th Ave EAlexandria, MN 56308
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  • Customer Reviewed
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Granite Manor/Runestone
$995 - $1,560
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$987 - $1,552
Required Monthly Fees
$8
Total Monthly Price
$995 - $1,560
Studio to 2 Bedroom Apartments Available Now

Granite Manor/Runestone

4727 Arbor Crossing SEAlexandria, MN 56308
Luxury
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Page House
1 Bedroom Apartments

Page House

221 E Cavour AveFergus Falls, MN 56537
  • Utilities Included
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Goldenwood
1 to 2 Bedroom Apartments

Goldenwood

1145 Friberg AveFergus Falls, MN 56537
Senior Living
  • Utilities Included
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Silverleaf Apartments
1 Bedroom Apartments

Silverleaf Apartments

124 E Summit AveFergus Falls, MN 56537
  • 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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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
Corporate Housing
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Carolina Village
1 to 2 Bedroom Apartments

Carolina Village

511 Carolina AveHoffman, MN 56339
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Heritage Square
1 to 3 Bedroom Apartments

Heritage Square

500 Dakota AveWahpeton, ND 58075
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Del Rose Apartments
1 to 2 Bedroom Apartments

Del Rose Apartments

504 3rd Ave NWahpeton, ND 58075
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Willow Square
1 Bedroom Apartments

Willow Square

305 N Clayborn AveParkers Prairie, MN 56361
Senior Living
  • Utilities Included
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Aspen Green II
1 to 2 Bedroom Apartments

Aspen Green II

720 Melody LnFergus Falls, MN 56537
  • Utilities Included
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1504 & 1508 Jefferson St
1 to 2 Bedroom Apartments

1504 & 1508 Jefferson St

1504-1508 Jefferson StAlexandria, MN 56308
Student Housing
  • Utilities Included

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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Elbow Lake, MN Local Guide

Cheapest Available Elbow Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elbow Lake, MN is a 2 Beds unit found at Elmwood Terrace priced from $600. Riverside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Elbow Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elmwood Terrace2BR/1.0BA2BR,1BA$600
Riverside Apartments911 studiosStudio,1BA$695
North Valley ApartmentsEfficiencyStudio,1BA$700
Spruce Place Apartments2 Bedroom | Spruce Place2BR,1BA$755
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Center Street ApartmentsWahp 2 bed2BR,1BA$795
Twenty08 ApartmentsA.1 TIFStudio,1BA$820
10th Avenue Apartments1873 - Studio/1BAStudio,1BA$850
Cascade ApartmentsOne Bedroom1BR,1BA$898
McKay Apartments2 Bed/1 Bath2BR,1BA$900

Best Value Apartments for Rent in Elbow Lake, MN and Nearby

As of August 07, 2026 the best value apartment in the Elbow Lake area is the $1.16 price per square foot 3B2B Model at Pheasant Run in the starting from $1,394. The second greatest value Elbow Lake apartment is the 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... Model at Lakewood Terrace-3707 starting at $1,485 with a $1.30 price per square foot . Here is today’s list of the best values for Elbow Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pheasant Run3B2B3BR,2BA$1.16
Lakewood Terrace-37072 Bedrooms, 2 full, 1141 sqft, 3709 South Broad...2BR,2BA$1.30
Broadway Garden Estates1 bedroom 1 bathroom1BR,1BA$1.19
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.09
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Lakewood Apartments2 BD/1 BA2BR,1BA$1.29
Center Street ApartmentsWahp 2 bed2BR,1BA$0.99
McKay Apartments2 Bed/1 Bath2BR,1BA$1.25
Spruce Place Apartments2 Bedroom | Spruce Place2BR,1BA$1.05
Elmwood Terrace2BR/1.0BA2BR,1BA$0.92

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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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.

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

Explore Elbow Lake, MN Rentals by Map

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See the most popular apartments and homes in Elbow Lake, MN

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Frequently Asked Questions about Cheap Elbow Lake Apartments

What is the Cheapest Studio apartment in Elbow Lake?

Currently the most affordable Cheap Studio Apartment in Elbow Lake is at Riverside Apartments listed at $695.

How much is rent for a Cheap One Bedroom Elbow Lake Apartment?

The lowest price for a Cheap One Bedroom Elbow Lake Apartment is $761 at Eastside Acres.

What is the lowest price for a Cheap Two Bedroom Elbow Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elbow Lake is starting from $600 at Elmwood Terrace.

What is the most affordable Elbow Lake Three Bedroom Apartment?

The best deal on a cheap Elbow Lake Three Bedroom Apartment rental is at Riverside Apartments and starts from $1,195.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.