
Cheap Apartments for Rent in Elizabeth, MN from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


Southmoor Apartments & Townhomes

Liberty Lights Apartments

Cedar Park Apartments

Courtyard Apartments on Belsly

Colonial Village Apartments

Spruce Place Apartments

Center Street Apartments
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.

Carriage House Senior Apartments

South Shore Landing

Sunridge Apartments

Riverside Apartments

Courtyard Apartments

Horizon Shores Estates
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.

Broadway Apartments

Westdale Apartments

Cascade Apartments

River Bluff Apartments

2333-20 1/2 20 1/2 Ave S
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.

1002-1006 5th Ave S
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.

107 State St

1203 34th St Cir S
Elizabeth, MN Local Guide

How much does it cost to rent an apartment in Elizabeth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elizabeth Studio Apartments | $836 | $599 | $1,015 |
Elizabeth 1 Bedroom Apartments | $1,044 | $565 | $1,763 |
Elizabeth 2 Bedroom Apartments | $1,154 | $545 | $2,395 |
Elizabeth 3 Bedroom Apartments | $1,340 | $650 | $2,500 |
Elizabeth 4 Bedroom Apartments | $1,255 | $1,255 | $1,255 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
Elizabeth, MN Local Guide
- Nearby Cities
- ZIP codes
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Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, MN is a 2 Beds unit found at Prairie Park Fairmount Apartments priced from $545. Heritage Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $575. Here is today’s list of the most affordable Elizabeth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $795 |
Cedar Park Apartments | 2 Bed 1 Bath | 2BR,1BA | $850 |
Cascade Apartments | One Bedroom | 1BR,1BA | $865 |
Waterstone Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $925 |
The Colony | H | 2BR,1BA | $940 |
The Fairways | 1BR/1BA | 1BR,1BA | $950 |
Stonecrest Apartments | 1A | 1BR,1BA | $990 |
Sunset Ridge Apartments | 2467 - 1 Bed 1 Bath | 1BR,1BA | $995 |
Best Value Apartments for Rent in Elizabeth, MN and Nearby
As of July 28, 2025 the best value apartment in the Elizabeth area is the $1.00 price per square foot 3 Bed/2 Bath Model at Huntington Pointe Apartments in the starting from $1,295. The second greatest value Elizabeth apartment is the C Model at South Shore Landing starting at $1,450 with a $1.18 price per square foot . Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Huntington Pointe Apartments | 3 Bed/2 Bath | 3BR,2BA | $1.00 |
South Shore Landing | C | 2BR,2BA | $1.18 |
Crossings at Water's Edge | 1551-2B 2 | 2BR,2BA | $1.07 |
Horizon Shores Estates | 2 Bedroom, 2 Bath | 2BR,2BA | $1.09 |
Courtyard Apartments | 2 Bed, 2 Bath | 2BR,2BA | $1.06 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
The Colony | H | 2BR,1BA | $0.98 |
Blue Eagle Townhomes | 2-bedroom, 2-bathroom | 2BR,2BA | $1.09 |
Cedar Park Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
Quick Rent Budget Calculator
How much rent can you afford?
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, MN Rentals by Map
See the most popular apartments and homes in Elizabeth, MN
Getting Around Elizabeth, MN
Walk Score®
23 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
22 / 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 Elizabeth Apartments
How much is rent for a Cheap One Bedroom Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Elizabeth Apartment is $575 at Heritage Square.
What is the lowest price for a Cheap Two Bedroom Elizabeth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elizabeth is starting from $545 at Prairie Park Fairmount Apartments.
What is the most affordable Elizabeth Three Bedroom Apartment?
The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Prairie Park Fairmount Apartments and starts from $650.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

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.

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.