Cheap Homes for Rent near Elgin, MN from $900 (8 Rentals)

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

property at 2604 4th Ave NE

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2604 4th Ave NE

RochesterMN55906
property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

28 6th Ave SE

RochesterMN55904
property at 1872 Deerhaven Ln NE

$1,145

Total Monthly Price

Total Monthly Price

Base Rent
$1,145

Total Monthly Price
$1,145

1 Bedroom, 1 Bath Home for Rent

Available Aug 10

1872 Deerhaven Ln NE

RochesterMN55906
property at 2094 11th Ave SE

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

2094 11th Ave SE

RochesterMN55904

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.

property at 32 11th St NW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

32 11th St NW

RochesterMN55901
property at 1808 42nd St NW

$1,360

Total Monthly Price

Total Monthly Price

Base Rent
$1,360

Total Monthly Price
$1,360

2 Bedroom, 1.5 Bath Home for Rent

Available Now

1808 42nd St NW

RochesterMN55901
property at 220 Broadway Ave S

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

220 Broadway Ave S

RochesterMN55904
property at 5916 Sandcherry Pl NW

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1.5 Bath Home for Rent

Available Aug 11

5916 Sandcherry Pl NW

RochesterMN55901

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.

Elgin, MN Local Guide

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. The Gates of Rochester in the Northwest Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,006. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The BeaconStudioStudio,1BA$995
The Gates of RochesterCarlyle1BR,1BA$1,006
Essex PlaceTwo Bedroom - Robin2BR,1BA$1,070

Best Value Apartments for Rent in Elgin, MN and Nearby

As of July 29, 2026 the best value apartment in the Elgin area is the $1.21 price per square foot 2 Bedroom Income Restricted Model at Georgetowne Homes in the in the Northwest Rochester neighborhood starting from $1,445. The second greatest value Elgin apartment is the Three Bedroom - Falcon Model at Essex Place starting at $1,570 with a $1.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Georgetowne Homes2 Bedroom Income Restricted2BR,2BA$1.21
Essex PlaceThree Bedroom - Falcon3BR,2BA$1.35
Haven Apartments2 X 12BR,1BA$1.63
1st Avenue Flats2 Bedroom2BR,2BA$1.32
Civic Square ApartmentsTwo Bedroom - 855 Sq. Ft.2BR,2BA$1.77
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
The Gates of RochesterCarlyle1BR,1BA$1.42
Olympik Village ApartmentsZeus1BR,1BA$1.56
EastGate ApartmentsA1-601BR,1BA$1.72
Rochester Heights1 Bedroom A1BR,1BA$1.74

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.

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Real 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.

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

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Frequently Asked Questions about Elgin

What type of rentals are currently available in Elgin?

There are currently 43 Apartments for Rent in Elgin, MN with pricing that ranges from $850 to $3,807. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $995 to $4,000.

What is the current price range for Rental Homes in Elgin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elgin ranges from $995 to $4,000 with an average monthly rent of $1,948.

How much are larger Three and Four Bedroom Rentals in Elgin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elgin range from $1,170 to $3,807, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $1,495.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.