
Cheap Homes for Rent in Elizabeth, MN from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Elizabeth.


729 W Cavour Ave

2305 4th Ave S

1214 37th Ave S

1224 37th Ave S
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.

5878 36th St S

5912 36th St S

3027 39th Ave S

3830 33rd St S

3837 33rd St S
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.

3226 31st St S
Elizabeth, MN Local Guide

How much does it cost to rent a home in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elizabeth 2 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
| Elizabeth 3 Bedroom Homes for Rent | $1,988 | $1,100 | $2,300 |
| Elizabeth 4 Bedroom Homes for Rent | $2,174 | $1,895 | $2,700 |
| Elizabeth 5 Bedroom Homes for Rent | $3,525 | $3,300 | $3,750 |
Browse Top Homes for Rent in Elizabeth
Explore 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 Heritage Square priced from $575. Cedar Park Apartments in the Hawthorne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elizabeth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
| Cedar Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $675 |
| Spruce Place Apartments | 2 Bedroom | Spruce Place | 2BR,1BA | $720 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $795 |
| Water Station Apartments | 2 Bed/1 Bath | 2BR,1BA | $885 |
Best Value Apartments for Rent in Elizabeth, MN and Nearby
As of December 29, 2025 the best value apartment in the Elizabeth area is the $0.90 price per square foot 3 Bed, 3 Bath Model at Tustin Townhomes in the in the Stone Bridge neighborhood starting from $1,690. The second greatest value Elizabeth apartment is the 3 Beds, 2 Baths Model at Campus View Historic Apartments starting at $1,500 with a $0.95 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. |
|---|---|---|---|
| Tustin Townhomes | 3 Bed, 3 Bath | 3BR,3BA | $0.90 |
| Campus View Historic Apartments | 3 Beds, 2 Baths | 3BR,2BA | $0.95 |
| Horizon Shores Estates | 2 Bedroom, 2 Bath | 2BR,2BA | $1.09 |
| Huntington Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.11 |
| Waterstone Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
| Water Station Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.89 |
| South Shore Landing | E | 2BR,2BA | $1.28 |
| Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
| Spruce Place Apartments | 2 Bedroom | Spruce Place | 2BR,1BA | $1.00 |
| Eaglebrook Apartments | 1 Bed 1 Bath | 704sf | 1BR,1BA | $1.29 |
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
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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!
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See the most popular apartments and homes in Elizabeth, MN
Frequently Asked Questions about Elizabeth
What type of rentals are currently available in Elizabeth?
There are currently 61 Apartments for Rent in Elizabeth, MN with pricing that ranges from $565 to $2,500. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elizabeth ranging from $750 to $3,750.
What is the current price range for Rental Homes in Elizabeth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elizabeth ranges from $750 to $3,750 with an average monthly rent of $2,007.
How much are larger Three and Four Bedroom Rentals in Elizabeth?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elizabeth range from $1,025 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,270.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!