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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 106
365 Baldwin Ave NWElk River, MN 55330
Cheap Homes for Rent in Elk River, MN from $1,800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Elk River.
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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 105
365 Baldwin Ave NWElk River, MN 55330
301 3rd St E
MonticelloMN55362
716 Jackson Ave NW
Elk RiverMN55330
9173 Orchard Ln
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.
860 Independence Dr
Big LakeMN55309
5778 Spirit Hills Rd
MonticelloMN55362
603 William St
Big LakeMN55309
1219 Hart Blvd
MonticelloMN55362
17127 Polk St NW
Elk RiverMN55330
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.
7224 147th Terrace NW
RamseyMN55303
11527 37th Ave SE
BeckerMN55308
11529 37th Ave SE
BeckerMN55308
17149 Monroe St NW
Elk RiverMN55330
7279 147 Ln NW
RamseyMN55303
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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.
17190 Monroe St NW
Elk RiverMN55330
6637 Lamplight Dr
AlbertvilleMN55301
Showing Results 1-17, 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 a home in Elk River?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk River 2 Bedroom Homes for Rent | $2,101 | $1,800 | $2,450 |
| Elk River 3 Bedroom Homes for Rent | $2,829 | $1,850 | $10,000+ |
| Elk River 4 Bedroom Homes for Rent | $3,257 | $2,400 | $5,375 |
| Elk River 5 Bedroom Homes for Rent | $3,197 | $2,799 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Elk River
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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: 05/30/2026Current 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 | 34 |
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. Jackson Hills Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,189. 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 |
| 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 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1,395 |
Best Value Apartments for Rent in Elk River, MN
As of May 30, 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 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Evans Meadows | Timberwolf | 1BR,1BA | $2.07 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| 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 |
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
Real 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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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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See the most popular apartments and homes in Elk River, MN
Frequently Asked Questions about Elk River
What type of rentals are currently available in Elk River?
There are currently 45 Apartments for Rent in Elk River, MN with pricing that ranges from $556 to $2,750. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk River ranging from $1,800 to $10,500.
What is the current price range for Rental Homes in Elk River?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elk River ranges from $1,800 to $10,500 with an average monthly rent of $2,846.
How much are larger Three and Four Bedroom Rentals in Elk River?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elk River range from $818 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $10,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,987.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.