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$556 - $1,987
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Available NowClear Sky
10730 175th AveElk River, MN 55330
Cheap Apartments for Rent in Elk River, MN from $500 (44 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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$1,058 - $1,158
Plus Fees
1 to 2 Bedroom Apartments Available NowRiver Garden Apartments
337 Baldwin AveElk River, MN 55330
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$1,150 - $1,290
Plus Fees
1 to 2 Bedroom Apartments Available Jul 3Ridgewood Manor Partnership
11931 191 1/2 Ave NWElk River, MN 55330
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$1,189 - $1,882
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,170 - $1,863
Required Monthly Fees
$19
Total Monthly Price
$1,189 - $1,882
Jackson Hills Apartments
725 6th St NWElk River, MN 55330
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$1,195 - $1,525
Plus Fees
2 Bedroom Apartments Available May 15Elk Crossing Apartments
814 Proctor Ave NWElk River, MN 55330
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$1,2002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 206
365 Baldwin Ave NWElk River, MN 55330
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$1,2002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 205
365 Baldwin Ave NWElk River, MN 55330
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.
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$1,2002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 203
365 Baldwin Ave NWElk River, MN 55330
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$1,2002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 106
365 Baldwin Ave NWElk River, MN 55330
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$1,2002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 105
365 Baldwin Ave NWElk River, MN 55330
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Rent Specials
$1,245 - $1,760
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Delta Apartments
17350 Zane St NWElk River, MN 55330
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Rent Specials
$1,378 - $1,695
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,378 - $1,695
Total Monthly Price
Varies
Dove Tree Apartments
1105 Lions Park DrElk River, MN 55330
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Rent Specials
$1,395 - $1,595
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowLions Park Apartments
1001 School St NWElk River, MN 55330
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Rent Specials
$1,425
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityDove Terrace
1227 School St NWElk River, MN 55330
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$1,724 - $4,277
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,720 - $4,273
Required Monthly Fees
$4
Total Monthly Price
$1,724 - $4,277
Evans Meadows
341 Evans Ave NWElk 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.
716 Jackson Ave NW
Elk RiverMN55330
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$1,850
Total Monthly Price
1 Bedroom Apartments Available Jul 10Total Monthly Price
Base Rent
$1,805
Required Monthly Fees
$45
Total Monthly Price
$1,850
Granite Shores
633 Main StElk 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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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
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 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
22167 156th St NW
Elk RiverMN55330
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Rent Specials
$1,500 - $2,300
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 19Parkview Grand Partners LLC
15667 88th St NEOtsego, MN 55330
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$1,550 - $2,250
Plus Fees
1 to 3 Bedroom Apartments Available NowRivers Edge Apartments
7701 River Rd NEOtsego, MN 55330
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$1,725 - $2,750
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For AvailabilityThe Village of Otsego
8555 Quaday Ave NEOtsego, MN 55330
16145 71st Ln NE
OtsegoMN55330
13230 Meadowood Trail
MinneapolisMN55448
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
12654 Pond View Rd
ZimmermanMN55398
12624 Pond View Rd
ZimmermanMN55398
9208 Golden Pond Ln N
MonticelloMN55362
5778 Spirit Hills Rd
MonticelloMN55362
127 Jerry Liefert Dr
MonticelloMN55362
603 William St
Big LakeMN55309
7224 147th Terrace NW
RamseyMN55303
23345 Yucca St NW
St FrancisMN55070
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
11527 37th Ave SE
BeckerMN55308
11525 37th Ave SE
BeckerMN55308
11529 37th Ave SE
BeckerMN55308
860 Independence Dr
Big LakeMN55309
Showing Results 1-44, Page 1 of 1
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 | $962 | $895 | $1,245 |
| Elk River 1 Bedroom Apartments | $1,489 | $556 | $1,900 |
| Elk River 2 Bedroom Apartments | $1,653 | $848 | $2,295 |
| Elk River 3 Bedroom Apartments | $1,752 | $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
See all Apartments in Elk RiverExplore Elk River
Elk River, MN Local Guide
- Elk River Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Elk River, MN
Pricing Updated: 05/06/2026Current 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 | 40 |
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 $1,058. 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 | $1,058 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Clear Sky | Sunrise | 2BR,1BA | $1,270 |
| Lake Orono Estates | 2BR 1BA | 2BR,1BA | $1,300 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1,395 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR,1BA | $1,395 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,550 |
| Evans Meadows | Evergreen | 1BR,1BA | $1,724 |
Best Value Apartments for Rent in Elk River, MN
As of May 07, 2026 the best value apartment in the Elk River area is the $1.45 price per square foot Two Bedroom/ One Bath Model at Lions Park Apartments in the in the Twin Lakes Estates neighborhood starting from $1,395. The second greatest value Elk River apartment is the Sunrise Model at Clear Sky starting at $1,270 with a $1.37 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. |
|---|---|---|---|
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Clear Sky | Sunrise | 2BR,1BA | $1.37 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR,1BA | $1.57 |
| Lake Orono Estates | 2BR 1BA | 2BR,1BA | $1.51 |
| Evans Meadows | Timberwolf | 1BR,1BA | $2.14 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1.41 |
| 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 | $2.02 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Elk River, MN
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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 $1,724.
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 $1,058, 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 4 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.