
Cheap Apartments for Rent in Elizabeth, MN from $500 (36 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

Riverside Apartments

Colonial Village Apartments

Spruce Place Apartments

Carriage House Senior Apartments

Center Street Apartments

South Shore Landing

Sunridge Apartments

Courtyard Apartments

Broadway Apartments

Westdale Apartments

Cascade Apartments

River Bluff Apartments

Water Station Apartments

2615 12th Ave S

107 State St
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 | $920 | $660 | $1,045 |
Elizabeth 1 Bedroom Apartments | $1,017 | $565 | $1,678 |
Elizabeth 2 Bedroom Apartments | $1,181 | $545 | $2,395 |
Elizabeth 3 Bedroom Apartments | $1,364 | $650 | $2,500 |
Elizabeth 4 Bedroom Apartments | $1,325 | $1,255 | $1,395 |
Browse Top Apartments in Elizabeth
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Elizabeth, MN Local Guide
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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 |
Liberty Lights Apartments | 1 Bedroom | 1BR,1BA | $639 |
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 |
Water Station Apartments | 2 Bed/1 Bath | 2BR,1BA | $885 |
Courtyard Apartments on Belsly | 1 Bedroom, 1 Bathroom | 1BR,1BA | $910 |
Stonecrest Apartments | 1A | 1BR,1BA | $930 |
Courtyard Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1,015 |
Best Value Apartments for Rent in Elizabeth, MN and Nearby
As of September 11, 2025 the best value apartment in the Elizabeth area is the $1.10 price per square foot 3 Bedroom, 2 Bath Model at Horizon Shores Estates in the starting from $1,520. The second greatest value Elizabeth apartment is the TIF - 4 BD/2 BA Model at Westfield Apartments starting at $1,395 with a $1.14 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. |
---|---|---|---|
Horizon Shores Estates | 3 Bedroom, 2 Bath | 3BR,2BA | $1.10 |
Westfield Apartments | TIF - 4 BD/2 BA | 4BR,2BA | $1.14 |
Huntington Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.11 |
Eaglebrook Apartments | 2 Bed 2 Bath | 1070sf | 2BR,2BA | $1.15 |
Waterstone Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
The Fairways | 2BR/2BA | 2BR,2BA | $1.21 |
Water Station Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.89 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Cedar Park Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
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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
What is the Cheapest Studio apartment in Elizabeth?
Currently the most affordable Cheap Studio Apartment in Elizabeth is at Stonecrest Apartments listed at $1,015.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.