Cheap Apartments for Rent in Elgin, MN from $700 (30 Rentals)

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

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 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 Meadows Apartments
1 to 3 Bedroom Apartments

The Meadows Apartments

1225 20th St SERochester, MN 55904
  • Utilities Included

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.

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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.

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The Riverview
1 to 3 Bedroom Apartments

The Riverview

211 1st St NERochester, MN 55906
  • Utilities Included
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Elgin, MN Local Guide

Cheapest Available Elgin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elgin, MN is a 1 Bed unit found at The Midtown Apartments in the Historic Southwest neighborhood priced from $995. Rochester Heights in the North Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Midtown ApartmentsOne Bed One Bath1BR,1BA$995
Rochester Heights1 Bedroom B1BR,1BA$1,049
EastGate ApartmentsA1-601BR,1BA$1,095
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,125
Essex PlaceOne Bedroom - Finch1BR,1BA$1,150
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,225
Olympik Village ApartmentsApollo3BR,2BA$1,285
Georgetowne Homes2 Bedroom2BR,2BA$1,325
River Glen1 Bedroom1BR,1BA$1,350
Bryk on BroadwayStudio - Type 2 - 80%Studio,1BA$1,350

Best Value Apartments for Rent in Elgin, MN and Nearby

As of June 11, 2025 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 2 Bed, 2.5 Bath, Plus Den Model at Falcon Heights Townhomes starting at $2,200 with a $1.57 price per square foot in the East Rochester neighborhood. Here is today’s list of the best values for Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Falcon Heights Townhomes2 Bed, 2.5 Bath, Plus Den2BR,2.5BA$1.57
Georgetowne Homes3 Bedroom3BR,2BA$1.18
The Riverview3bed/2bathroom3BR,2BA$1.29
Olympik Village ApartmentsApollo3BR,2BA$1.12
Homestead Village Townhomes3 Bedroom 2 Bathroom3BR,2BA$1.43
1st Avenue Flats2 Bedroom2BR,2BA$1.47
TwentyFirst Ave3 Bedrooms 1 Bathroom3BR,1BA$1.46
Essex PlaceOne Bedroom - Finch1BR,1BA$1.53
The Midtown ApartmentsTwo Bed One Bath2BR,1BA$1.56

Quick Rent Budget Calculator

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

Explore Elgin, MN Rentals by Map

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See the most popular apartments and homes in Elgin, MN

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Getting Around Elgin, MN

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Bryk on Broadway listed at $1,350.

How much is rent for a Cheap One Bedroom Elgin Apartment?

The lowest price for a Cheap One Bedroom Elgin Apartment is $995 at The Midtown Apartments.

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 $1,095 at The Midtown Apartments.

What is the most affordable Elgin Three Bedroom Apartment?

The best deal on a cheap Elgin Three Bedroom Apartment rental is at Olympik Village Apartments and starts from $1,285.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.