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$631 - $1,465
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityMarket Village Senior Residence 55+
100-110 J Roberts WayElko New Market, MN 55054
Cheap Apartments for Rent in Elko, MN from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Elko.
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$900
Plus Fees
1 Bedroom Apartments Available NowWoodridge Apartments
1900-1960 Roosevelt DrNorthfield, MN 55057
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$935
Plus Fees
2 Bedroom Apartments Available NowNorthfield Estates
710-740 N Highway 3Northfield, MN 55057
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$975 - $1,100
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1 to 2 Bedroom Apartments Contact Us For AvailabilityRiverview Manor
500 Woodley St WNorthfield, MN 55057
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$1,000
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2 Bedroom Apartments Available NowHidden Valley Apartments
1370 Heritage DrNorthfield, MN 55057
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$1,150 - $1,250
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1 to 2 Bedroom Apartments Available NowCentennial & Heritage Apartments
1337 Centennial DrFarmington, MN 55024
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Rent Specials
$1,188 - $2,162
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Studio to 3 Bedroom Apartments Available NowSouthwind Village
15025 Greenhaven DrBurnsville, MN 55306
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Elko, MN Local Guide
Sunrise with the sunflowers by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent an apartment in Elko?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elko Studio Apartments | $1,395 | $1,188 | $1,593 |
| Elko 1 Bedroom Apartments | $1,546 | $631 | $2,120 |
| Elko 2 Bedroom Apartments | $1,873 | $935 | $2,420 |
| Elko 3 Bedroom Apartments | $2,262 | $1,673 | $2,936 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Elko
See all Apartments in ElkoExplore Elko
Elko, MN Local Guide
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Cheapest Available Elko Apartments for Rent and Nearby
The cheapest available apartment rental in Elko, MN is a 1 Bed unit found at Woodridge Apartments in the Green Meadows neighborhood priced from $900. Northfield Estates in the Wood Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $935. Here is today’s list of the most affordable Elko apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $900 |
| Northfield Estates | COMING SOON | 2BR,1BA | $935 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Elko, MN and Nearby
As of October 22, 2025 the best value apartment in the Elko area is the $1.53 price per square foot 3 Bed/ 2 Bath Model F Model at Courtwood Village I in the in the Downtown Prior Lake neighborhood starting from $1,799. The second greatest value Elko apartment is the Willow A Model at Lakeville Woods starting at $1,698 with a $1.61 price per square foot in the Donnelly Farm neighborhood. Here is today’s list of the best values for Elko apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Courtwood Village I | 3 Bed/ 2 Bath Model F | 3BR,2BA | $1.53 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.61 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.42 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1.10 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1.71 |
| Maple Trails Apartments | ** COMING SOON ** | 2BR,1BA | $1.61 |
| Centennial & Heritage Apartments | 1 bedroom | 1BR,1BA | $1.41 |
| Northfield Estates | COMING SOON | 2BR,1BA | $1.17 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1.69 |
| Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $1.34 |
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Frequently Asked Questions about Cheap Elko Apartments
What is the Cheapest Studio apartment in Elko?
Currently the most affordable Cheap Studio Apartment in Elko is at Southwind Village listed at $1,188.
How much is rent for a Cheap One Bedroom Elko Apartment?
The lowest price for a Cheap One Bedroom Elko Apartment is $900 at Woodridge Apartments.
What is the lowest price for a Cheap Two Bedroom Elko Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elko is starting from $935 at Northfield Estates.
What is the most affordable Elko Three Bedroom Apartment?
The best deal on a cheap Elko Three Bedroom Apartment rental is at LakeVillage Apartments and starts from $1,725.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.