
Cheap Apartments for Rent in the Twin Lakes Estates Neighborhood of Elk River, MN from $556 (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
Rent According to Income: A Look at Income-Restricted Rentals
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $964 | $895 | $1,245 |
| Twin Lakes Estates 1 Bedroom Apartments | $1,472 | $556 | $1,950 |
| Twin Lakes Estates 2 Bedroom Apartments | $1,770 | $1,195 | $2,300 |
| Twin Lakes Estates 3 Bedroom Apartments | $1,608 | $818 | $2,900 |
| Twin Lakes Estates 4 Bedroom Apartments | $2,017 | $1,987 | $2,047 |
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.
See all Apartments in Elk RiverExplore Elk River
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. The Delta Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. 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 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Lake Orono Estates | 2BR 1BA Garden | 2BR,1BA | $1,270 |
Best Value Apartments for Rent in Twin Lakes Estates, MN
As of August 30, 2026 the best value apartment in the Twin Lakes Estates area is the $1.22 price per square foot Two Bedroom X-Large Model at Elk Crossing Apartments in the in the Twin Lakes Estates neighborhood starting from $1,295. 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. |
|---|---|---|---|
| Elk Crossing Apartments | Two Bedroom X-Large | 2BR,1BA | $1.22 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Granite Shores | Jackson (2b/1.75ba) | 2BR,2BA | $1.99 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Lake Orono Estates | 2BR 1BA Garden | 2BR,1BA | $1.48 |
| Evans Meadows | Timberwolf | 1BR,1BA | $2.09 |
| Dove Tree Apartments | 1 Bedroom C | 1BR,1BA | $2.11 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| 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
Elk River Senior High School
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 $1,895.
What is the price of a cheap apartment in Twin Lakes Estates?
The cheapest apartment in Twin Lakes Estates is Dove Tree Apartments which is listed at $1,378, while the average apartment in Twin Lakes Estates costs $1,597.
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 8 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.