Cheap Homes for Rent in Elbow Lake, MN from $300 (7 Rentals)

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

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 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 ListingModel NameBed/BathPriced From
Prairie Park Fairmount Apartments2 Beds, 1 bath2BR,1BA$545
Heritage Square1 Bed, 1 bath1BR,1BA$575
Natures Edge Partners LLC1B1B MKT1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Somerset Apartments2 Bedroom, 2 Bathroom2BR,2BA$1.04
Water Station Apartments2 Bed/1 Bath2BR,1BA$0.89
Granite Manor/RunestoneTwo bedroom/ 1 3/4 Bath2BR,1.5BA$1.42
Prairie Park Fairmount Apartments3 Beds, 1 bath3BR,1BA$0.67
Westfield Apartments2 Bed 1 Bath Bld 1&22BR,1BA$1.42
Oak Knoll Complex2 Bed2BR,1BA$1.14
Spruce Place Apartments2 Bedroom | Laurel Place2BR,1BA$0.85
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Center Street ApartmentsWahp 2 bed2BR,1BA$0.99
Cascade ApartmentsH/C One Bedroom1BR,1BA$1.28

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

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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.

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.

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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.

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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.