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$556 - $2,047
Total Monthly Price
Base Rent$556 - $2,047
Total Monthly Price$556 - $2,047
Clear Sky
10730 175th AveElk River, MN 55330
Cheap Apartments for Rent in Elk River, MN from $556 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Elk River.
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$845 - $1,000
Total Monthly Price
Base Rent$845 - $1,000
Total Monthly Price$845 - $1,000
Elk River Lodge and Apartments
17432 Zane St NWElk River, MN 55330
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$1,058
Total Monthly Price
Base Rent$1,058
Total Monthly Price$1,058
River Garden Apartments
337 Baldwin AveElk River, MN 55330
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$1,150 - $1,290
Total Monthly Price
Base Rent$1,150 - $1,290
Total Monthly Price$1,150 - $1,290
Ridgewood Manor Partnership
11931 191 1/2 Ave NWElk River, MN 55330
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$1,195 - $1,525
Total Monthly Price
Base Rent$1,195 - $1,525
Total Monthly Price$1,195 - $1,525
Elk Crossing Apartments
814 Proctor Ave NWElk River, MN 55330
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$1,214 - $1,984
Total Monthly Price
Base Rent$1,195 - $1,965
Required Monthly Fees$19
Total Monthly Price$1,214 - $1,984
Jackson Hills Apartments
725 6th St NWElk River, MN 55330
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Rent Specials
$1,245 - $1,760
Total Monthly Price
Base Rent$1,245 - $1,760
Total Monthly Price$1,245 - $1,760
The Delta Apartments
17350 Zane St NWElk River, MN 55330
365 Baldwin Ave NW
Elk RiverMN55330
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,425 - $1,645
Total Monthly Price
Base Rent$1,425 - $1,645
Total Monthly Price$1,425 - $1,645
Dove Terrace
1227 School St NWElk River, MN 55330
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Rent Specials
$1,540
Total Monthly Price
Base Rent$1,540
Total Monthly PriceVaries
Dove Tree Apartments
1105 Lions Park DrElk River, MN 55330
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$1,634 - $3,544
Total Monthly Price
Base Rent$1,630 - $3,540
Required Monthly Fees$4
Total Monthly Price$1,634 - $3,544
Evans Meadows
341 Evans Ave NWElk River, MN 55330
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Rent Specials
$1,895 - $2,165
Total Monthly Price
Base Rent$1,850 - $2,120
Required Monthly Fees$45
Total Monthly Price$1,895 - $2,165
Granite Shores
633 Main StElk River, MN 55330
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Rent Specials
$1,895 - $1,995
Total Monthly Price
Base Rent$1,895 - $1,995
Total Monthly Price$1,895 - $1,995
Lions Park Apartments
1001 School St NWElk River, MN 55330
11884 192nd Ave NW
Elk RiverMN55330
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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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 2 Bedroom Apartments
Pineview Apartments
23 3rd St NWElk River, MN 55330
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2 Bedroom Apartments
Elk Ridges Estates
11755 191 1/2 Ave NWElk River, MN 55330
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1 to 2 Bedroom Apartments
School Place Apartments
1179 School Dr NWElk River, MN 55330
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1 to 2 Bedroom Apartments
Jackson Place
316 Jackson Ave NWElk River, MN 55330
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1 to 3 Bedroom Apartments
Elk Ridge Lodge
19522 Holt St NWElk River, MN 55330
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2 Bedroom Apartments
Lake Orono Estates
18594 Gary Ave NWElk River, MN 55330
10429 172nd Ln NW
Elk RiverMN55330
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Studio to 2 Bedroom Apartments
Elk River Senior Living
11124 183rd Cir NWElk River, MN 55330
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,530 - $2,405
Total Monthly Price
Base Rent$1,530 - $2,405
Total Monthly Price$1,530 - $2,405
Rivers Edge Apartments
7701 River Rd NEOtsego, MN 55330
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$1,550 - $2,300
Total Monthly Price
Base Rent$1,550 - $2,300
Total Monthly Price$1,550 - $2,300
Parkview Grand Partners LLC
15667 88th St NEOtsego, MN 55330
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$1,725 - $2,900
Total Monthly Price
Base Rent$1,725 - $2,900
Total Monthly Price$1,725 - $2,900
The Village of Otsego
8555 Quaday Ave NEOtsego, MN 55330
16125 72nd St NE
OtsegoMN55330
7013 Quantrelle Ave NE
OtsegoMN55330
7262 147 Ln NW
RamseyMN55303
230 Leighton Dr
Big LakeMN55309
9188 Spirit Hills Rd
MonticelloMN55362
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
5824 Spirit Hills Rd
MonticelloMN55362
5782 Overlook Ln
MonticelloMN55362
415 Belle Aire Dr
ChamplinMN55316
16055 71st St NE
OtsegoMN55330
1831 Andover Blvd NW
AndoverMN55304
6984 91st St NE
MonticelloMN55362
12108 Yukon Ave N
ChamplinMN55316
18179 96th Ave N
OsseoMN55311
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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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 | $964 | $895 | $1,245 |
| Elk River 1 Bedroom Apartments | $1,525 | $556 | $1,955 |
| Elk River 2 Bedroom Apartments | $1,836 | $1,195 | $2,300 |
| Elk River 3 Bedroom Apartments | $1,932 | $818 | $2,900 |
| Elk River 4 Bedroom Apartments | $2,017 | $1,987 | $2,047 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Elk River
See all Apartments in Elk RiverExplore Elk River
Elk River, MN Local Guide
- Elk River Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Elk River, MN
Pricing Updated: 09/20/2026Current apartment rentals in the Elk River, MN area range in price from $556 to $2,900 with an overall median price of $1,681. 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 | $1,681 | $556 | 25 |
Cheapest Available Elk River Apartments for Rent and Nearby
The cheapest available apartment rental in Elk River, MN is a 3 Beds unit found at Clear Sky in the Twin Lakes Estates neighborhood priced from $818. Elk River Lodge and Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here is today’s list of the most affordable Elk River apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Clear Sky | Horizon | 3BR, 2BA | $818 |
| Elk River Lodge and Apartments | Studio | Studio, 1BA | $845 |
| Elk Crossing Apartments | Two Bedroom | 2BR, 1BA | $1,195 |
| The Delta Apartments | Studio | Studio, 1BA | $1,245 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR, 1BA | $1,425 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR, 1BA | $1,540 |
| Rivers Edge Apartments | 1 Bedroom | 1BR, 1BA | $1,580 |
| Evans Meadows | Timberwolf | 1BR, 1BA | $1,774 |
| Parkview Grand Partners LLC | 2 Bedroom/2 Bath | 2BR, 2BA | $1,800 |
| Lions Park Apartments | Large 3 Bed | 3BR, 2BA | $1,895 |
Best Value Apartments for Rent in Elk River, MN and Nearby
As of September 20, 2026 the best value apartment in the Elk River area is the $0.86 price per square foot Large 3 Bed Model at Lions Park Apartments in the Twin Lakes Estates neighborhood starting from $1,895. The second greatest value Elk River apartment is the Horizon Model at Clear Sky in the Twin Lakes Estates neighborhood starting at $818 with a $0.69 price per square foot. 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. |
|---|---|---|---|
| Lions Park Apartments | Large 3 Bed | 3BR, 2BA | $0.86 |
| Clear Sky | Horizon | 3BR, 2BA | $0.69 |
| Parkview Grand Partners LLC | 2 Bedroom/2 Bath | 2BR, 2BA | $1.60 |
| Elk Crossing Apartments | Two Bedroom | 2BR, 1BA | $1.26 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR, 1BA | $1.73 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR, 1BA | $1.64 |
| Evans Meadows | Timberwolf | 1BR, 1BA | $2.09 |
| Rivers Edge Apartments | 1 Bedroom | 1BR, 1BA | $2.23 |
| The Delta Apartments | Studio | Studio, 1BA | $1.96 |
| Elk River Lodge and Apartments | Studio | Studio, 1BA | $2.02 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Quick 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.
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Best Local Schools in Elk River, MN
Meadowvale Elementary School
Elk River Public School District
Public School - Grades K-5 (554)
8 out of 10
Elk River Senior High School
Elk River Public School District
Public School - Grades 9-12 (1562)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elk River, MN Rentals by Map
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 $1,895.
What is the price of a cheap apartment in Elk River?
The cheapest apartment in Elk River is The Delta Apartments which is listed at $1,450, while the average apartment in Elk River costs $1,681.
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.
How do the prices of cheap apartments compare to the average apartment in Elk River?
Cheap apartments in Elk River have an average cost of $958 which is $723 cheaper than the average rent for all rentals in Elk River.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.