
Cheap Apartments for Rent in the Twin Lakes Estates Neighborhood of Elk River, MN from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Twin Lakes Estates area of Elk River.


Elk River Lodge and Apartments

River Garden Apartments

Ridgewood Manor Partnership

Total Monthly Price
Jackson Hills Apartments

Elk Crossing Apartments

The Delta Apartments
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.

365 Baldwin Ave NW, Unit 101

365 Baldwin Ave NW, Unit 105

Total Monthly Price
Dove Tree Apartments

Lions Park Apartments

Dove Terrace

942 Main St NW, Unit Apt 200

Total Monthly Price
Evans Meadows
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.

Total Monthly Price
Granite Shores

18563 Zane Ct NW

Elk Ridge Manor

Pullman Place Cooperative

Pineview Apartments

Elk Ridges Estates

School Place Apartments
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.

Jackson Place

Elk Ridge Lodge

Lake Orono Estates

716 Washington Ct NW

Elk River Senior Living

Parkview Grand Partners LLC

The Village of Otsego
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.
Twin Lakes Estates, Elk River, MN Local Guide

How much does it cost to rent an apartment in Twin Lakes Estates?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Twin Lakes Estates Studio Apartments | $962 | $895 | $1,245 |
| Twin Lakes Estates 1 Bedroom Apartments | $1,479 | $573 | $1,950 |
| Twin Lakes Estates 2 Bedroom Apartments | $1,680 | $735 | $2,295 |
| Twin Lakes Estates 3 Bedroom Apartments | $1,625 | $811 | $2,750 |
| Twin Lakes Estates 4 Bedroom Apartments | $2,047 | $2,047 | $2,047 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 1 mile radius of the Twin Lakes Estates Neighborhood of Elk River, MN.
See all Apartments in Elk RiverExplore Elk River
Twin Lakes Estates, Elk River, MN Local Guide
- Nearby Elk River neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Jackson Hills Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,189. Here are the most affordable Twin Lakes Estates apartments for rent in Elk River, MN:
| 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 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Dove Tree Apartments | 1 Bedroom D | 1BR,1BA | $1,378 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1,395 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1,425 |
| Evans Meadows | Evergreen | 1BR,1BA | $1,674 |
Best Value Apartments for Rent in Twin Lakes Estates, MN
As of July 15, 2026 the best value apartment in the Twin Lakes Estates 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 Twin Lakes Estates 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 Twin Lakes Estates 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Twin Lakes Estates, Elk River, MN
Vandenberge Middle School
School data provided by Great Schools
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 $1,674.
What is the price of a cheap apartment in Twin Lakes Estates?
The cheapest apartment in Twin Lakes Estates is Jackson Hills Apartments which is listed at $1,269, while the average apartment in Twin Lakes Estates costs $2,047.
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.
How do the prices of cheap apartments compare to the average apartment in Twin Lakes Estates?
Cheap apartments in Twin Lakes Estates have an average cost of $840 which is $1,207 cheaper than the average rent for all rentals in Twin Lakes Estates.
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.