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$556 - $1,987
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Available Feb 28Clear Sky
10730 175th AveElk River, MN 55330
Cheap Apartments for Rent in Elk River, MN from $500 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Elk River.
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$845 - $1,000
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowElk River Lodge and Apartments
17432 Zane St NWElk River, MN 55330
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$853 - $1,033
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityPineview Apartments
23 3rd St NWElk River, MN 55330
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$948 - $1,098
Plus Fees
1 to 2 Bedroom Apartments Available NowRiver Garden Apartments
337 Baldwin AveElk River, MN 55330
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.
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$1,095 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available Feb 14Elk Crossing Apartments
814 Proctor Ave NWElk River, MN 55330
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1 to 3 Bedroom Apartments
Elk Ridge Manor
847 Freeport Ave NWElk River, MN 55330
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1 to 2 Bedroom Apartments
Pullman Place Cooperative
17155 Quincy St NWElk River, MN 55330
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2 Bedroom Apartments
Elk Ridges Estates
11755 191 1/2 Ave NWElk River, MN 55330
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.
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1 to 2 Bedroom Apartments
School Place Apartments
1179 School Dr NWElk River, MN 55330
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Elk River, MN Local Guide
Main Street in Elk River by 123dieinafire is licensed under CCO 1.0
How much does it cost to rent an apartment in Elk River?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk River Studio Apartments | $1,057 | $845 | $1,245 |
| Elk River 1 Bedroom Apartments | $1,461 | $556 | $1,900 |
| Elk River 2 Bedroom Apartments | $1,705 | $848 | $2,295 |
| Elk River 3 Bedroom Apartments | $1,689 | $818 | $2,750 |
| Elk River 4 Bedroom Apartments | $1,987 | $1,987 | $1,987 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Elk River
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Elk River, MN Local Guide
- Elk River Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Elk River, MN
Pricing Updated: 01/28/2026Current apartment rentals in the Elk River, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elk River Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Twin Lakes Estates | $1,987 | $556 | 36 |
Cheapest Available Elk River Apartments for Rent
The cheapest available apartment rental in Elk River, MN is a Studio unit found at Elk River Lodge and Apartments in the Twin Lakes Estates neighborhood priced from $845. River Garden Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $948. Here is today’s list of the most affordable Elk River apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elk River Lodge and Apartments | Studio | Studio,1BA | $845 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $948 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
Best Value Apartments for Rent in Elk River, MN
As of January 28, 2026 the best value apartment in the Elk River area is the $1.79 price per square foot 2BR/2.0BA Model at Granite Shores in the in the Twin Lakes Estates neighborhood starting from $2,120. The second greatest value Elk River apartment is the Two Bedroom/ One Bath Model at Lions Park Apartments starting at $1,395 with a $1.45 price per square foot in the Twin Lakes Estates neighborhood. Here is today’s list of the best values for Elk River apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Granite Shores | 2BR/2.0BA | 2BR,2BA | $1.79 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR,1BA | $1.57 |
| Evans Meadows | Elk | 1BR,1BA | $2.02 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1.26 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio ,1BA | $2.29 |
| Elk River Lodge and Apartments | Studio | Studio ,1BA | $2.39 |
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.
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The 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.
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Best Local Schools in Elk River, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Elk River, MN
Frequently Asked Questions about Cheap Elk River Apartments
What is a cheap apartment in Elk River?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elk River is under $2,120.
What is the price of a cheap apartment in Elk River?
The cheapest apartment in Elk River is River Garden Apartments which is listed at $948, while the average apartment in Elk River costs $1,987.
What types of apartments are the cheapest in Elk River?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Elk River that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
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.