220 Leighton Dr
Big LakeMN55309
Cheap Homes for Rent in Elk River, MN from $1,700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Elk River.
12630 Pond View Rd
ZimmermanMN55398
9283 Oriole Ln
MonticelloMN55362
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.
12806 43rd St NE
Saint MichaelMN55376
4149 228th Ave NW
St FrancisMN55070
26315 111th Street NW
ZimmermanMN55398
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.
14583 Olivine Terrace NW
RamseyMN55303
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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 | $2,173 | $1,770 | $2,727 |
| Elk River 3 Bedroom Homes for Rent | $2,331 | $1,850 | $3,217 |
| Elk River 4 Bedroom Homes for Rent | $2,865 | $2,200 | $3,450 |
| Elk River 5 Bedroom Homes for Rent | $4,523 | $2,995 | $6,000 |
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: 12/28/2025Current 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 | 28 |
Cheapest Available Elk River Apartments for Rent and Nearby
The cheapest available apartment rental in Elk River, MN is a 1 Bed unit found at River Garden Apartments in the Twin Lakes Estates neighborhood priced from $948. Elk Crossing Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Elk River apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $948 |
| Elk Crossing Apartments | One Bedroom | 1BR,1BA | $1,095 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
Best Value Apartments for Rent in Elk River, MN and Nearby
As of December 28, 2025 the best value apartment in the Elk River area is the $1.40 price per square foot Adventure Model at Clear Sky in the in the Twin Lakes Estates neighborhood starting from $1,987. The second greatest value Elk River apartment is the 2BR/2.0BA Model at Granite Shores starting at $1,850 with a $1.56 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. |
|---|---|---|---|
| Clear Sky | Adventure | 4BR,2BA | $1.40 |
| Granite Shores | 2BR/2.0BA | 2BR,2BA | $1.56 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Evans Meadows | Elk | 1BR,1BA | $2.10 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.97 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1.26 |
| Elk Crossing Apartments | One Bedroom | 1BR,1BA | $1.46 |
| 18110 Vance Cir NW, Unit B | 18110 Vance Cir NW | 1BR,1BA | $1.43 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
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
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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!
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 45 Apartments for Rent in Elk River, MN with pricing that ranges from $556 to $2,750. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk River ranging from $1,770 to $6,000.
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 $1,770 to $6,000 with an average monthly rent of $2,973.
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 $3,217. 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!