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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 105
365 Baldwin Ave NWElk River, MN 55330
Cheap Homes for Rent in Elk River, MN from $1,500 (7 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 101
365 Baldwin Ave NWElk River, MN 55330
942 Main St NW, Unit Apt 200
942 Main St NW
Elk RiverMN55330
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.
721 Circle Dr
ChamplinMN55316
127 Jerry Liefert Dr
MonticelloMN55362
860 Independence Dr
Big LakeMN55309
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.
16190 71st Ln NE
OtsegoMN55330
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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 a home in Elk River?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk River 2 Bedroom Homes for Rent | $1,818 | $1,500 | $2,200 |
| Elk River 3 Bedroom Homes for Rent | $2,706 | $1,695 | $10,000+ |
| Elk River 4 Bedroom Homes for Rent | $3,212 | $2,600 | $5,375 |
| Elk River 5 Bedroom Homes for Rent | $3,380 | $3,200 | $3,561 |
| Elk River 6 Bedroom Homes for Rent | $2,700 | $2,500 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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: 07/14/2026Current 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 | $2,047 | $573 | 37 |
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 |
| Elk Crossing Apartments | Two Bedroom | 2BR,1BA | $1,195 |
Best Value Apartments for Rent in Elk River, MN
As of July 14, 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 Two Bedroom Model at Elk Crossing Apartments starting at $1,195 with a $1.26 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 |
| Elk Crossing Apartments | Two Bedroom | 2BR,1BA | $1.26 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Evans Meadows | Evergreen | 1BR,1BA | $1.96 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| Dove Tree Apartments | 1 Bedroom D | 1BR,1BA | $2.17 |
| 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.
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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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How much rent can you afford?
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
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 44 Apartments for Rent in Elk River, MN with pricing that ranges from $573 to $2,750. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk River ranging from $1,500 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 $1,500 to $10,500 with an average monthly rent of $2,763.
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 $811 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $10,500. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,047.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.