
Cheap Apartments for Rent near Elgin, MN from $925 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Elgin.


1816 34th St NW

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Essex Place

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The Gates of Rochester

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Olympik Village Apartments

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Winchester Apartments & Townhomes

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Civic Square Apartments

Rochester Heights
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.

River Glen

Homestead Village Townhomes

EastGate Apartments

Bryk on Broadway

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Silver Lake Crossing

The HUE

1st Avenue Flats

TwentyFirst Ave
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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The Riverview

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The Manor at Med City

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Georgetowne Homes

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The Quarters

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The Rosewater

Avani Living

Kascade Place Apartments

Eastwood Manor Apartments
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.

Colonial Apartments

The Beacon

The Meadows Apartments

Green Arbor Commons

The Midtown Apartments

3613 10th Ln NW

Northern Valley Apartments

621 5th Ave SE
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.

220 Broadway Ave S

764 Neville Ct SE

Lofts at Mayo Park
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 | $1,454 | $1,188 | $1,750 |
| Elgin 1 Bedroom Apartments | $1,537 | $925 | $2,807 |
| Elgin 2 Bedroom Apartments | $1,796 | $1,055 | $3,590 |
| Elgin 3 Bedroom Apartments | $1,670 | $1,170 | $2,618 |
| Elgin 4 Bedroom Apartments | $1,407 | $1,395 | $1,495 |
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 1 Bed unit found at Sutton Place in the Meadow Park neighborhood priced from $925. Essex Place in the Northwest Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sutton Place | 1 bed 1 bath | 1BR,1BA | $925 |
| Essex Place | One Bedroom - Finch | 1BR,1BA | $945 |
| Eastwood Manor Apartments | 2 Bed | 2BR,1BA | $955 |
| Olympik Village Apartments | Zeus | 1BR,1BA | $985 |
| The Beacon | Studio | Studio,1BA | $995 |
| Rochester Heights | 1 Bedroom B | 1BR,1BA | $1,099 |
| Winchester Apartments & Townhomes | Wilson | 2BR,1BA | $1,145 |
| The HUE | Azure | Studio,1BA | $1,295 |
| Homestead Village Townhomes | 3 Bedroom 2 Bathroom | 3BR,2BA | $1,325 |
| The Riverview | 1 Bed | 1BR,1BA | $1,345 |
Best Value Apartments for Rent in Elgin, MN and Nearby
As of September 06, 2026 the best value apartment in the Elgin area is the $1.13 price per square foot 4 Bedroom A Model at The Quarters in the in the Meadow Park neighborhood starting from $1,395. The second greatest value Elgin apartment is the 2 Bedroom Model at Georgetowne Homes starting at $1,445 with a $1.21 price per square foot in the Northwest 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. |
|---|---|---|---|
| The Quarters | 4 Bedroom A | 4BR,2BA | $1.13 |
| Georgetowne Homes | 2 Bedroom | 2BR,2BA | $1.21 |
| Essex Place | Three Bedroom - Loon | 3BR,2BA | $1.37 |
| Homestead Village Townhomes | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.22 |
| Haven Apartments | 2 X 1 | 2BR,1BA | $1.53 |
| The Riverview | 2bed/2 Bathroom | 2BR,2BA | $1.51 |
| Winchester Apartments & Townhomes | Wilson | 2BR,1BA | $1.21 |
| Eastwood Manor Apartments | 2 Bed | 2BR,1BA | $1.27 |
| Olympik Village Apartments | Zeus | 1BR,1BA | $1.41 |
| Sutton Place | 1 bed 1 bath | 1BR,1BA | $1.41 |
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.
Read ArticleNavigating 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.
Read ArticleReal 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.
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 The Beacon listed at $995.
How much is rent for a Cheap One Bedroom Elgin Apartment?
The lowest price for a Cheap One Bedroom Elgin Apartment is $925 at Sutton 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 $955 at Eastwood Manor Apartments.
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 $1,070.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.