
Cheap Homes for Rent in Elbow Lake, MN from $300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Elbow Lake.


511 Main Ave N

902 1st St S

107 State St

516 15th St N

135 North St W

114 Lake Ave S
Elbow Lake, MN Local Guide

How much does it cost to rent a home in Elbow Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elbow Lake 2 Bedroom Homes for Rent | $1,140 | $275 | $2,500 |
Elbow Lake 3 Bedroom Homes for Rent | $2,020 | $1,000 | $2,400 |
Elbow Lake 4 Bedroom Homes for Rent | $2,449 | $1,495 | $3,800 |
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Elbow Lake, MN Local Guide
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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 Prairie Park Fairmount Apartments priced from $545. Heritage Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $575. Here is today’s list of the most affordable Elbow Lake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $705 |
Best Value Apartments for Rent in Elbow Lake, MN and Nearby
As of September 09, 2025 the best value apartment in the Elbow Lake area is the $1.04 price per square foot 2 Bedroom, 2 Bathroom Model at Somerset Apartments in the starting from $1,090. The second greatest value Elbow Lake apartment is the 2 Bed/1 Bath Model at Water Station Apartments starting at $885 with a $0.89 price per square foot . Here is today’s list of the best values for Elbow Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Somerset Apartments | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.04 |
Water Station Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.89 |
Granite Manor/Runestone | Two bedroom/ 1 3/4 Bath | 2BR,1.5BA | $1.42 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Westfield Apartments | 2 Bed 1 Bath Bld 1&2 | 2BR,1BA | $1.42 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1.14 |
Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $0.85 |
Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
Cascade Apartments | H/C One Bedroom | 1BR,1BA | $1.28 |
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Frequently Asked Questions about Elbow Lake
What type of rentals are currently available in Elbow Lake?
There are currently 53 Apartments for Rent in Elbow Lake, MN with pricing that ranges from $545 to $2,155. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elbow Lake ranging from $275 to $3,800.
What is the current price range for Rental Homes in Elbow Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elbow Lake ranges from $275 to $3,800 with an average monthly rent of $1,536.
How much are larger Three and Four Bedroom Rentals in Elbow Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elbow Lake range from $650 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,255.
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.

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.

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.

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.

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.