Cheap Apartments for Rent in the Twin Lakes Estates Neighborhood of Elk River, MN from $500 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Twin Lakes Estates area of Elk River.

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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Dove Tree Apartments
Rent Specials
$1,378 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,378 - $1,820

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Dove Tree Apartments

1105 Lions Park DrElk River, MN 55330
  • Verified
  • Customer Reviewed
  • Utilities Included
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Granite Shores
Rent Specials
$1,635 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $1,750
Required Monthly Fees
$45

Total Monthly Price
$1,635 - $1,795
1 Bedroom Apartments Available Now

Granite Shores

633 Main StElk River, MN 55330
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  • Customer Reviewed
  • 3D Tour

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.

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Evans Meadows
$1,719 - $3,479
Total Monthly Price

Total Monthly Price

Base Rent
$1,715 - $3,475
Required Monthly Fees
$4

Total Monthly Price
$1,719 - $3,479
1 to 2 Bedroom Apartments Available Now

Evans Meadows

341 Evans Ave NWElk River, MN 55330
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  • Customer Reviewed
  • 3D Tour
property at 716 Jackson Ave NW

$1,800

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Home for Rent

Available Jul 1

716 Jackson Ave NW

Elk RiverMN55330
property at 730 Vernon Ave NW

$2,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

3 Bedroom, 1 Bath Home for Rent

Available Now

730 Vernon Ave NW

Elk RiverMN55330
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Elk Ridge Manor
1 to 3 Bedroom Apartments

Elk Ridge Manor

847 Freeport Ave NWElk River, MN 55330
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Pullman Place Cooperative
1 to 2 Bedroom Apartments

Pullman Place Cooperative

17155 Quincy St NWElk River, MN 55330
Senior Living
  • Utilities Included
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Pineview Apartments
1 to 2 Bedroom Apartments

Pineview Apartments

23 3rd St NWElk River, MN 55330
  • Utilities Included

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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Elk Ridges Estates
2 Bedroom Apartments

Elk Ridges Estates

11755 191 1/2 Ave NWElk River, MN 55330
  • Utilities Included
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School Place Apartments
1 to 2 Bedroom Apartments

School Place Apartments

1179 School Dr NWElk River, MN 55330
  • Utilities Included
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Jackson Place
1 to 2 Bedroom Apartments

Jackson Place

316 Jackson Ave NWElk River, MN 55330
  • Utilities Included
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Elk Ridge Lodge
1 to 3 Bedroom Apartments

Elk Ridge Lodge

19522 Holt St NWElk River, MN 55330
  • Utilities Included

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.

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Elk River Senior Living
Studio to 2 Bedroom Apartments

Elk River Senior Living

11124 183rd Cir NWElk River, MN 55330
Senior Living
  • Utilities Included

Twin Lakes Estates, Elk River, MN Local Guide

Cheapest Available Twin Lakes Estates Apartments for Rent

 

The cheapest available apartment rental in the Twin Lakes Estates area of Elk River, MN is a Studio unit found at Elk River Lodge and Apartments priced from $845. Elk Crossing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Twin Lakes Estates apartments for rent in Elk River, MN:

Apartment ListingModel NameBed/BathPriced From
Elk River Lodge and ApartmentsStudioStudio,1BA$845
Elk Crossing ApartmentsOne Bedroom1BR,1BA$1,095
Jackson Hills ApartmentsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,189
The Delta ApartmentsStudioStudio,1BA$1,245
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1,395
Dove Tree Apartments2 Bedroom 1 Bath B2BR,1BA$1,395
Parkview Grand Partners LLC1 Bed/1 Bath1BR,1BA$1,500
Clear SkySunup2BR,1BA$1,550
Granite Shores1BR/1.0BA1BR,1BA$1,635
Evans MeadowsEvergreen1BR,1BA$1,719

Best Value Apartments for Rent in Twin Lakes Estates, MN

As of April 12, 2026 the best value apartment in the Twin Lakes Estates area is the $1.58 price per square foot 3 Bedroom 2 Bath D Model at Dove Tree Apartments in the in the Twin Lakes Estates neighborhood starting from $1,795. The second greatest value Twin Lakes Estates 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 Twin Lakes Estates apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dove Tree Apartments3 Bedroom 2 Bath D3BR,2BA$1.58
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
Clear SkySunup2BR,1BA$1.62
Evans MeadowsTimberwolf1BR,1BA$2.13
Elk Crossing ApartmentsOne Bedroom1BR,1BA$1.46
Granite Shores1BR/1.0BA1BR,1BA$2.22
Parkview Grand Partners LLC1 Bed/1 Bath1BR,1BA$2.05
The Delta ApartmentsStudioStudio ,1BA$1.96
Jackson Hills ApartmentsThe Bunker - CONTACT FOR AVAILABILITYStudio ,1BA$2.29
Elk River Lodge and ApartmentsStudioStudio ,1BA$2.02

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.

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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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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.

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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.

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Quick Rent Budget Calculator

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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Frequently Asked Questions about Cheap Twin Lakes Estates Apartments

What is a cheap apartment in Twin Lakes Estates?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Twin Lakes Estates is under $1,719.

What is the price of a cheap apartment in Twin Lakes Estates?

The cheapest apartment in Twin Lakes Estates is Elk Crossing Apartments which is listed at $1,095, while the average apartment in Twin Lakes Estates costs $1,987.

What types of apartments are the cheapest in Twin Lakes Estates?

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 5 regular apartments in Twin Lakes Estates 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.