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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 101
365 Baldwin Ave NWElk River, MN 55330
Cheap Homes for Rent in Elk River, MN from $1,800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Elk River.
13849 Hyacinth Dr
RogersMN55374
9127 MN-25
MonticelloMN55362
13174 Meadowood Curve NW
MinneapolisMN55448
5824 Spirit Hills Rd
MonticelloMN55362
11966 192nd 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.
16125 72nd St NE
OtsegoMN55330
9205 Orchard Cir
MonticelloMN55362
12658 43rd St NE
Saint MichaelMN55376
15604 84th St NE
Elk RiverMN55330
804 Harrison Dr
Big LakeMN55309
6984 91st St NE
MonticelloMN55362
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.
11884 192nd Ave NW
Elk RiverMN55330
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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 | $2,024 | $1,800 | $2,295 |
| Elk River 3 Bedroom Homes for Rent | $2,412 | $1,875 | $3,495 |
| Elk River 4 Bedroom Homes for Rent | $3,870 | $2,200 | $7,500 |
| Elk River 5 Bedroom Homes for Rent | $2,652 | $2,195 | $3,200 |
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: 08/29/2026Current apartment rentals in the Elk River, MN area range in price from $556 to $2,900 with an overall median price of $1,597. 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 | $1,597 | $556 | 28 |
Cheapest Available Elk River Apartments for Rent and Nearby
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elk River Lodge and Apartments | Studio | Studio,1BA | $845 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Lake Orono Estates | 2BR 1BA Garden | 2BR,1BA | $1,270 |
| Elk Crossing Apartments | Two Bedroom X-Large | 2BR,1BA | $1,295 |
| Dove Tree Apartments | 1 Bedroom C | 1BR,1BA | $1,378 |
Best Value Apartments for Rent in Elk River, MN and Nearby
As of August 29, 2026 the best value apartment in the Elk River area is the $1.22 price per square foot Two Bedroom X-Large Model at Elk Crossing Apartments in the in the Twin Lakes Estates neighborhood starting from $1,295. The second greatest value Elk River apartment is the Two Bedroom/ One Bath Model at Lions Park Apartments starting at $1,395 with a $1.45 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. |
|---|---|---|---|
| Elk Crossing Apartments | Two Bedroom X-Large | 2BR,1BA | $1.22 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Granite Shores | Jackson (2b/1.75ba) | 2BR,2BA | $1.99 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Lake Orono Estates | 2BR 1BA Garden | 2BR,1BA | $1.48 |
| Evans Meadows | Timberwolf | 1BR,1BA | $2.09 |
| Dove Tree Apartments | 1 Bedroom C | 1BR,1BA | $2.11 |
| 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
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
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 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 $556 to $2,900. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk River ranging from $1,800 to $7,500.
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 $7,500 with an average monthly rent of $2,729.
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 $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,875 to $3,495. Four Bedroom Single-Family rentals are also available starting from $2,200 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
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.
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.