Cheap Apartments for Rent in Elk River, MN from $800 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elk River.

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Jackson Hills
$1,155 - $1,824
Total Monthly Price

Total Monthly Price

Base Rent
$1,136 - $1,805
Required Monthly Fees
$19

Total Monthly Price
$1,155 - $1,824
Studio to 3 Bedroom Apartments Available Now

Jackson Hills

725 6th St NWElk River, MN 55330
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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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Elk Ridge Manor
1 to 3 Bedroom Apartments

Elk Ridge Manor

847 Freeport Ave NWElk River, MN 55330
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Pullman Place Cooperative
1 to 2 Bedroom Apartments

Pullman Place Cooperative

17155 Quincy St NWElk River, MN 55330
Senior Living
  • Utilities Included
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Elk Ridges Estates
2 Bedroom Apartments

Elk Ridges Estates

11755 191 1/2 Ave NWElk River, MN 55330
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School Place Apartments
1 to 2 Bedroom Apartments

School Place Apartments

1179 School Dr NWElk River, MN 55330
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Jackson Place
1 to 2 Bedroom Apartments

Jackson Place

316 Jackson Ave NWElk River, MN 55330
  • Utilities Included

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.

Elk River, MN Local Guide

Cheapest Neighborhoods for Apartments in Elk River, MN

Pricing Updated: 10/27/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Twin Lakes Estates$1,824$85330

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 ListingModel NameBed/BathPriced From
River Garden Apartments2 Bedroom2BR,1BA$1,098
Jackson HillsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,155
The Delta ApartmentsStudioStudio,1BA$1,245
Lions Park ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1,395
Dove Terrace2 Bedroom A - 8712BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Clear SkyAdventure4BR,2BA$1.40
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
River Garden Apartments2 Bedroom2BR,1BA$1.16
Evans MeadowsBirch1BR,1BA$2.14
Rivers Edge Apartments1 Bedroom 1 Bathroom + Den1BR,1BA$1.82
Dove Tree Apartments2 Bedroom 1 Bath B2BR,1BA$1.68
Dove Terrace2 Bedroom A - 8712BR,1BA$1.64
The Delta ApartmentsStudioStudio ,1BA$1.96
Jackson HillsThe Bunker - CONTACT FOR AVAILABILITYStudio ,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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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

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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

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.