
Cheap Apartments for Rent in Elgin, MN from $900 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Elgin.


Total Monthly Price
The Gates of Rochester

The Beacon

Total Monthly Price
Essex Place

Total Monthly Price
Olympik Village Apartments

Green Arbor Commons

River Glen

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Civic Square Apartments
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.

EastGate Apartments

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Winchester Apartments & Townhomes

Rochester Heights

Bryk on Broadway

Homestead Village Townhomes

Eastwood Ridge

Silver Lake Crossing

318 Commons
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.

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The Riverview

Avani Living

TwentyFirst Ave

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The Manor at Med City

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Georgetowne Homes

The HUE

Kascade Place Apartments

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Flats on 4th
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Lodge at Overland

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The Rosewater

28 6th Ave SE

Colonial Apartments

The Meadows Apartments

The Midtown Apartments

120-9-1/2 9 1/2 St SE

607 11th Ave NE
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

366 Elton Hills Dr NW

Northern Valley Apartments

725 7th St NW

1732 2nd Ave SE

524 10th St SE

1st Avenue Flats

Lofts at Mayo Park

Benaiah on Broadway
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Elgin, MN Local Guide

How much does it cost to rent an apartment in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elgin Studio Apartments | $1,367 | $1,075 | $1,840 |
| Elgin 1 Bedroom Apartments | $1,647 | $999 | $2,705 |
| Elgin 2 Bedroom Apartments | $1,866 | $925 | $3,300 |
| Elgin 3 Bedroom Apartments | $1,834 | $1,195 | $4,147 |
| Elgin 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Browse Top Apartments in Elgin
See all Apartments in ElginExplore Elgin
Elgin, MN Local Guide
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Cheapest Available Elgin Apartments for Rent and Nearby
 The cheapest available apartment rental in Elgin, MN is a Studio unit found at The Beacon in the Meadow Park neighborhood priced from $995. Essex Place in the Northwest Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,045. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Beacon | Studio | Studio,1BA | $995 |
| Essex Place | One Bedroom - Finch | 1BR,1BA | $1,045 |
| EastGate Apartments | S1-60 | Studio,1BA | $1,096 |
| Rochester Heights | 1 Bedroom B | 1BR,1BA | $1,099 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| Civic Square Apartments | One Bedroom - 470 Sq.Ft. | 1BR,1BA | $1,180 |
| 318 Commons | 0BR/1.0BA | Studio,1BA | $1,295 |
| Bryk on Broadway | Studio - Type 2 - 80% | Studio,1BA | $1,339 |
| TwentyFirst Ave | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,340 |
| The Manor at Med City | 1 Bedroom - Deluxe | 1BR,1BA | $1,360 |
Best Value Apartments for Rent in Elgin, MN and Nearby
As of April 07, 2026 the best value apartment in the Elgin 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 Elgin apartment is the 3 Bedroom Model at River Glen starting at $1,900 with a $1.36 price per square foot in the North Rochester neighborhood. Here is today’s list of the best values for Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
| River Glen | 3 Bedroom | 3BR,2BA | $1.36 |
| Falcon Heights Townhomes | 2 Bed, 1.5 Bath, | 2BR,1.5BA | $1.70 |
| Georgetowne Homes | 2 Bedroom | 2BR,2BA | $1.19 |
| Avani Living | Two Bedroom B | 2BR,2BA | $1.48 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| TwentyFirst Ave | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.49 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Essex Place | One Bedroom - Canary | 1BR,1BA | $1.53 |
| Rochester Heights | 1 Bedroom A | 1BR,1BA | $1.74 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elgin, MN Rentals by Map
See the most popular apartments and homes in Elgin, MN
Frequently Asked Questions about Cheap Elgin Apartments
What is the Cheapest Studio apartment in Elgin?
Currently the most affordable Cheap Studio Apartment in Elgin is at EastGate Apartments listed at $1,096.
How much is rent for a Cheap One Bedroom Elgin Apartment?
The lowest price for a Cheap One Bedroom Elgin Apartment is $1,045 at Essex Place.
What is the lowest price for a Cheap Two Bedroom Elgin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elgin is starting from $1,125 at Homestead Village Townhomes.
What is the most affordable Elgin Three Bedroom Apartment?
The best deal on a cheap Elgin Three Bedroom Apartment rental is at Essex Place 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.