
Cheap Apartments for Rent in Elizabeth, MN from $400 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


Heritage Square

Courtyard Apartments on Belsly

Cedar Park Apartments

Western Road Apartments

Riverside Apartments

Colonial Village Apartments

Center Street Apartments

Water Station Apartments

South Shore Landing
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.

Carriage House Senior Apartments

Courtyard Apartments

Horizon Shores Estates

Broadway Apartments

The Colony

Sunridge Apartments

Cascade Apartments

Spruce Place Apartments

River Bluff Apartments

Stonecrest 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.

Waterstone Apartments

Pelican Heights Apartments

Somerset Apartments

Westdale Apartments

Meadows Edge Apartments

The Fairways

Huntington Pointe Apartments

Stetson Village Apartments

Eaglebrook at Prairie Grove Apartments

The Crossings Apartments
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.

Blue Eagle Townhomes

Crossings at Water's Edge

Total Monthly Price
Sunset Ridge Apartments

The Lincoln Apartments

Silver Birch

Page House

Silverleaf Apartments

Goldenwood

Prairie Park Fairmount Apartments

Scandia Village I, II, and III
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.

Carolina Village

Marigold Apartments

Del Rose Apartments

503 6th St N

Finlandia Apartments

Willow Square

Aspen Green II

1628 8th St N

Ridgeview Manor

Pleasant View Manor
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.
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 | $855 | $660 | $1,015 |
| Elizabeth 1 Bedroom Apartments | $1,147 | $565 | $1,850 |
| Elizabeth 2 Bedroom Apartments | $1,455 | $670 | $2,610 |
| Elizabeth 3 Bedroom Apartments | $1,440 | $1,025 | $2,500 |
| Elizabeth 4 Bedroom Apartments | $1,270 | $1,270 | $1,270 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
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 1 Bed unit found at Southmoor Apartments & Townhomes in the Hawthorne neighborhood priced from $565. 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 |
|---|---|---|---|
| Southmoor Apartments & Townhomes | 1 Bedroom 1 Bath | 1BR,1BA | $565 |
| Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
| Western Road Apartments | 2 Bedroom 1 Bath - 48242 | 2BR,1BA | $675 |
| Riverside Apartments | 911 studios | Studio,1BA | $695 |
| Ridgeview Manor | 2BR/1.0BA | 2BR,1BA | $700 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $795 |
| Courtyard Apartments on Belsly | 1 Bedroom, 1 Bathroom | 1BR,1BA | $910 |
| The Fairways | 1BR/1BA | 1BR,1BA | $995 |
| Stonecrest Apartments | 1E | Studio,1BA | $1,005 |
| Courtyard Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1,015 |
Best Value Apartments for Rent in Elizabeth, MN and Nearby
As of April 07, 2026 the best value apartment in the Elizabeth area is the $1.11 price per square foot 2 Bed/2 Bath Model at Huntington Pointe Apartments in the starting from $1,225. The second greatest value Elizabeth apartment is the 3 bed/2 bath Model at The Lincoln Apartments starting at $1,425 with a $1.30 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 | 2 Bed/2 Bath | 2BR,2BA | $1.11 |
| The Lincoln Apartments | 3 bed/2 bath | 3BR,2BA | $1.30 |
| Eaglebrook at Prairie Grove Apartments | 2 Bed 2 Bath | 1070sf | 2BR,2BA | $1.20 |
| Waterstone Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
| Ridgeview Manor | 2BR/1.0BA | 2BR,1BA | $0.74 |
| South Shore Landing | E | 2BR,2BA | $1.28 |
| Horizon Shores Estates | 1 Bedroom, 1 Bath | 1BR,1BA | $1.23 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
| Western Road Apartments | 2 Bedroom 1 Bath - 48242 | 2BR,1BA | $0.91 |
| Southmoor Apartments & Townhomes | 1 Bedroom 1 Bath | 1BR,1BA | $0.87 |
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.
Read ArticleDon'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.
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
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 Riverside Apartments listed at $695.
How much is rent for a Cheap One Bedroom Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Elizabeth Apartment is $565 at Southmoor Apartments & Townhomes.
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 $670 at Southmoor Apartments & Townhomes.
What is the most affordable Elizabeth Three Bedroom Apartment?
The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Heritage Square and starts from $1,195.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.