
Cheap Apartments for Rent in the Twin Lakes Estates Neighborhood of Elk River, MN from $500 (8 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

Elk Ridge Manor
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.

Pullman Place Cooperative

Pineview Apartments

Elk Ridges Estates

School Place Apartments
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.
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 | $1,463 | $556 | $1,900 |
| Twin Lakes Estates 2 Bedroom Apartments | $1,706 | $848 | $2,295 |
| Twin Lakes Estates 3 Bedroom Apartments | $1,574 | $818 | $2,750 |
| Twin Lakes Estates 4 Bedroom Apartments | $1,987 | $1,987 | $1,987 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Twin Lakes Estates Neighborhood of Elk River, MN.
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Twin Lakes Estates, Elk River, MN Local Guide
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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 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
Best Value Apartments for Rent in Twin Lakes Estates, MN
As of May 30, 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 Sunrise Model at Clear Sky starting at $1,270 with a $1.37 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 |
| Clear Sky | Sunrise | 2BR,1BA | $1.37 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR,1BA | $1.57 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Evans Meadows | Timberwolf | 1BR,1BA | $2.07 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| 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 $1,649.
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 $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.
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 $765 which is $1,222 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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.