
Cheap Apartments for Rent in Elk River, MN from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Elk River.


River Garden Apartments

Elk Crossing Apartments

Ridgewood Manor Partnership

Total Monthly Price
Jackson Hills

Total Monthly Price
11755 191 1/2 Ave NW, Unit #201
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Elk River, MN Local Guide

How much does it cost to rent an apartment in Elk River?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk River Studio Apartments | $1,200 | $1,155 | $1,245 |
| Elk River 1 Bedroom Apartments | $1,505 | $853 | $1,929 |
| Elk River 2 Bedroom Apartments | $1,704 | $988 | $2,300 |
| Elk River 3 Bedroom Apartments | $2,089 | $1,535 | $2,750 |
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Elk River, MN Local Guide
- Elk River Neighborhoods
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Cheapest Neighborhoods for Apartments in Elk River, MN
Pricing Updated: 10/27/2025Current 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 | $1,824 | $853 | 30 |
Cheapest Available Elk River Apartments for Rent
 The cheapest available apartment rental in Elk River, MN is a 2 Beds unit found at River Garden Apartments in the Twin Lakes Estates neighborhood priced from $1,098. Jackson Hills in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,155. Here is today’s list of the most affordable Elk River apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Garden Apartments | 2 Bedroom | 2BR,1BA | $1,098 |
| Jackson Hills | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,155 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Lions Park Apartments | Two Bedroom/ One Bathroom | 2BR,1BA | $1,395 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1,425 |
Best Value Apartments for Rent in Elk River, MN
As of October 27, 2025 the best value apartment in the Elk River area is the $1.40 price per square foot Adventure Model at Clear Sky in the in the Twin Lakes Estates neighborhood starting from $1,987. 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. |
|---|---|---|---|
| Clear Sky | Adventure | 4BR,2BA | $1.40 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| River Garden Apartments | 2 Bedroom | 2BR,1BA | $1.16 |
| Evans Meadows | Birch | 1BR,1BA | $2.14 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom + Den | 1BR,1BA | $1.82 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR,1BA | $1.68 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| Jackson Hills | The Bunker - CONTACT FOR AVAILABILITY | Studio ,1BA | $2.23 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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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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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Getting Around Elk River, MN
Walk Score®
33 / 100
Car-Dependent
Most errands require a car
Bike Score®
37 / 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 Elk River Apartments
What is the price of a cheap apartment in Elk River?
The cheapest apartment in Elk River is Jackson Hills which is listed at $1,194, while the average apartment in Elk River costs $1,824.
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
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.

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!

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.





