28 6th Ave SE
RochesterMN55904
Cheap Homes for Rent in Elgin, MN from $1,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Elgin.
3619 10th Ln NW
RochesterMN55901
366 Elton Hills Dr NW
RochesterMN55901
2094 11th Ave SE
RochesterMN55904
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.
725 7th St NW
RochesterMN55901
1732 2nd Ave SE
RochesterMN55904
524 10th St SE
RochesterMN55904
1421 3rd St NE
RochesterMN55906
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.
Showing Results 1-8, Page 1 of 1
Elgin, MN Local Guide
Sunrise with the sunflowers by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent a home in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elgin 2 Bedroom Homes for Rent | $1,510 | $1,050 | $1,950 |
| Elgin 3 Bedroom Homes for Rent | $2,044 | $1,750 | $2,400 |
| Elgin 4 Bedroom Homes for Rent | $2,751 | $1,800 | $4,900 |
| Elgin 5 Bedroom Homes for Rent | $4,125 | $1,975 | $5,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $1,020. 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 | $1,020 |
| River Glen | 1 Bedroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Elgin, MN and Nearby
As of April 29, 2026 the best value apartment in the Elgin area is the $1.19 price per square foot 3 Bedroom Model at Georgetowne Homes in the in the Northwest Rochester neighborhood starting from $1,620. The second greatest value Elgin apartment is the 2 Bed, 2.5 Bath Model at Falcon Heights Townhomes starting at $1,970 with a $1.66 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Georgetowne Homes | 3 Bedroom | 3BR,2BA | $1.19 |
| Falcon Heights Townhomes | 2 Bed, 2.5 Bath | 2BR,2.5BA | $1.66 |
| Essex Place | Three Bedroom - Falcon | 3BR,2BA | $1.42 |
| Avani Living | Two Bedroom A | 2BR,2BA | $1.53 |
| The Gates of Rochester | Bristol Townhouse | 2BR,1.5BA | $1.20 |
| Kascade Place Apartments | Salem 2B/B N | 2BR,2BA | $1.71 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| River Glen | 1 Bedroom | 1BR,1BA | $1.32 |
| 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.
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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 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.
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See the most popular apartments and homes in Elgin, MN
Frequently Asked Questions about Elgin
What type of rentals are currently available in Elgin?
There are currently 41 Apartments for Rent in Elgin, MN with pricing that ranges from $925 to $4,097. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $1,050 to $5,500.
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 $1,050 to $5,500 with an average monthly rent of $2,316.
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 $1,195 to $4,097, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,950.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.