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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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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Jackson Hills
$1,140 - $1,809
Total Monthly Price

Total Monthly Price

Base Rent
$1,136 - $1,805
Required Monthly Fees
$4

Total Monthly Price
$1,140 - $1,809
Studio to 3 Bedroom Apartments Available Now

Jackson Hills

725 6th St NWElk River, MN 55330
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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
  • Utilities Included

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School Place Apartments
1 to 2 Bedroom Apartments

School Place Apartments

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

Jackson Place

316 Jackson Ave NWElk River, MN 55330
  • Utilities Included

Elk River, MN Local Guide

Cheapest Neighborhoods for Apartments in Elk River, MN

Pricing Updated: 09/07/2025

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$1,802$85327

Cheapest Available Elk River Apartments for Rent

 

The cheapest available apartment rental in Elk River, MN is a 1 Bed unit found at Jackson Hills in the Twin Lakes Estates neighborhood priced from $1,179. The Delta Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here is today’s list of the most affordable Elk River apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jackson HillsPinewood - CONTACT FOR AVAILABILITY1BR,1BA$1,179
The Delta ApartmentsStudioStudio,1BA$1,245
Lions Park ApartmentsTwo Bedroom/ One Bathroom2BR,1BA$1,395
Dove Tree Apartments2 Bedroom 1 Bath B2BR,1BA$1,495
Clear SkyFirst Light2BR,1BA$1,550

Best Value Apartments for Rent in Elk River, MN

As of September 08, 2025 the best value apartment in the Elk River area is the $1.60 price per square foot 2 Bedroom/2 Bath Model at Parkview Grand Partners LLC in the in the Twin Lakes Estates neighborhood starting from $1,800. The second greatest value Elk River apartment is the Lodge B Model at Evans Meadows starting at $1,871 with a $1.81 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.
Parkview Grand Partners LLC2 Bedroom/2 Bath2BR,2BA$1.60
Evans MeadowsLodge B2BR,1BA$1.81
Clear SkyFirst Light2BR,1BA$1.61
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
Jackson HillsPleasant Acres - CONTACT FOR AVAILABILITY2BR,1BA$1.66
Dove Tree Apartments2 Bedroom 1 Bath B2BR,1BA$1.68
The Village of Otsego1 Bed / 1 Bath1BR,1BA$2.13
The Delta ApartmentsStudioStudio ,1BA$1.96

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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 $1,179, while the average apartment in Elk River costs $1,802.

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 2 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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Written by: Christine Leonard, Esq.

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.