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

Elk Crossing Apartments

Ridgewood Manor Partnership

Total Monthly Price
Jackson Hills 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 205

365 Baldwin Ave NW, Unit 206

Total Monthly Price
Dove Tree Apartments

Lions Park Apartments

Dove Terrace

Total Monthly Price
Granite Shores
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
Evans Meadows

716 Jackson Ave NW

730 Vernon Ave NW

Elk Ridge Manor

Pullman Place Cooperative

Pineview Apartments
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.

Elk Ridges Estates

River Garden Apartments

School Place Apartments

Jackson Place

Elk Ridge Lodge

Lake Orono Estates
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.

Elk River Senior Living

Parkview Grand Partners LLC

The Village of Otsego
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 | $1,477 | $556 | $1,900 |
| Twin Lakes Estates 2 Bedroom Apartments | $1,716 | $848 | $2,295 |
| Twin Lakes Estates 3 Bedroom Apartments | $1,629 | $818 | $2,750 |
| Twin Lakes Estates 4 Bedroom Apartments | $1,987 | $1,987 | $1,987 |
Browse Apartments in this Neighborhood
There are currently 27 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
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elk River Lodge and Apartments | Studio | Studio,1BA | $845 |
| Elk Crossing Apartments | One Bedroom | 1BR,1BA | $1,095 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1,395 |
| Dove Tree Apartments | 2 Bedroom 1 Bath B | 2BR,1BA | $1,395 |
| Parkview Grand Partners LLC | 1 Bed/1 Bath | 1BR,1BA | $1,500 |
| Clear Sky | Sunup | 2BR,1BA | $1,550 |
| Granite Shores | 1BR/1.0BA | 1BR,1BA | $1,635 |
| Evans Meadows | Evergreen | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dove Tree Apartments | 3 Bedroom 2 Bath D | 3BR,2BA | $1.58 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Clear Sky | Sunup | 2BR,1BA | $1.62 |
| Evans Meadows | Timberwolf | 1BR,1BA | $2.13 |
| Elk Crossing Apartments | One Bedroom | 1BR,1BA | $1.46 |
| Granite Shores | 1BR/1.0BA | 1BR,1BA | $2.22 |
| Parkview Grand Partners LLC | 1 Bed/1 Bath | 1BR,1BA | $2.05 |
| 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 |
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.
Read ArticleDon'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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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 $1,719.
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

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.

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.

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.

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.