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$831 - $1,930
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Oct 15Market Village Senior Residence 55+
100-110 J Roberts WayElko New Market, MN 55054
Cheap Apartments for Rent near Elko, MN from $800 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in Elko.
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$910
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$900
Required Monthly Fees
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Total Monthly Price
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Woodridge Apartments
1900-1960 Roosevelt DrNorthfield, MN 55057
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$982
Total Monthly Price
1 Bedroom Apartments Available Aug 14Total Monthly Price
Base Rent
$972
Required Monthly Fees
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Total Monthly Price
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Hidden Valley Apartments
1370 Heritage DrNorthfield, MN 55057
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$995
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityRiverview Manor
500 Woodley St WNorthfield, MN 55057
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$1,027
Total Monthly Price
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,010
Required Monthly Fees
$17
Total Monthly Price
$1,027
Northfield Estates
710-740 N Highway 3Northfield, MN 55057
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Rent Specials
$1,065 - $1,160
Plus Fees
Studio Apartments Available NowParkwood Apartments
5160-5200 160th St SEPrior Lake, MN 55372
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Rent Specials
$1,151 - $2,055
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,151 - $2,055
Total Monthly Price
Varies
Southwind Village
15025 Greenhaven DrBurnsville, MN 55306
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Rent Specials
$1,260 - $1,615
Plus Fees
Studio to 2 Bedroom Apartments Available NowTimberfield Apartments
2411-2431 Jefferson RdNorthfield, MN 55057
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Rent Specials
$1,285 - $2,775
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,275 - $2,765
Required Monthly Fees
$10
Total Monthly Price
$1,285 - $2,775
The Overlook at Crystal Lake
15315 Maple Island RdBurnsville, MN 55306
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$1,287 - $1,750
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowKestrel Village Apartments
16650 Brunswick AvePrior Lake, MN 55372
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,294
Total Monthly Price12 Month Lease Term
Studio Apartments Available Sep 11Total Monthly Price
Base Rent
$1,195
Required Monthly Fees
$99
Total Monthly Price
$1,294
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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$1,295 - $1,625
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $1,625
Total Monthly Price
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The Oaks of Lakeville
20464 Iberia AveLakeville, MN 55044
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$1,350
Plus Fees
2 Bedroom Apartments Available NowCentennial & Heritage Apartments
1337 Centennial DrFarmington, MN 55024
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Rent Specials
$1,368 - $2,502
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,222 - $2,356
Required Monthly Fees
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Total Monthly Price
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Authentix Lakeville
11656 207th St WLakeville, MN 55044
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$1,395
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityHearthwood Apartments
16516 Franklin Trl SEPrior Lake, MN 55372
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Rent Specials
$1,400 - $2,150
Plus Fees
Studio to 2 Bedroom Apartments Available NowKraewood Flats
801 Kraewood DrNorthfield, MN 55057
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$1,400 - $2,250
Plus Fees
Studio to 3 Bedroom Apartments Available NowMosaic Apartments
1400 Heritage DrNorthfield, MN 55057
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$1,400 - $2,300
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowBohemia Flats
102 Chalupsky Ave SENew Prague, MN 56071
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Rent Specials
$1,406 - $2,640
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,383 - $2,617
Required Monthly Fees
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Arris Lakeville
10805 173rd St WLakeville, MN 55044
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$1,413 - $1,957
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,413 - $1,957
Total Monthly Price
$1,413 - $1,957
The Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
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.
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$1,420
Plus Fees
2 Bedroom Apartments Available Sep 18Maple Trails Apartments
2005 Jefferson RdNorthfield, MN 55057
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$1,450 - $2,200
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowOld Town Apartments
220 Old Town RdElko New Market, MN 55054
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$1,455 - $1,755
Plus Fees
1 to 3 Bedroom Apartments Available NowLakeVillage Apartments
8500 210th St WLakeville, MN 55044
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Rent Specials
$1,483 - $3,057
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,425 - $2,999
Required Monthly Fees
$58
Total Monthly Price
$1,483 - $3,057
Lakeside Flats
16255 Kenyon AveLakeville, MN 55044
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$1,499 - $4,726
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,499 - $4,726
Total Monthly Price
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Lakeville Woods
18351 Kenyon AveLakeville, MN 55044
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Rent Specials
$1,503 - $2,857
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,357 - $2,711
Required Monthly Fees
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Total Monthly Price
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Springs at Lakeville
17400 Glacier WayLakeville, MN 55044
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Rent Specials
$1,535 - $2,400
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Emery Apartments
310 3rd StFarmington, MN 55024
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$1,545 - $1,995
Plus Fees
2 to 3 Bedroom Apartments Available NowThe Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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$1,570 - $1,875
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,570 - $1,875
Total Monthly Price
Varies
The Murphy
15425 Dakota AveSavage, MN 55372
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$1,573 - $1,753
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available Sep 2Total Monthly Price
Base Rent
$1,520 - $1,700
Required Monthly Fees
$53
Total Monthly Price
$1,573 - $1,753
Northlake Lofts
18400 Orchard TrlLakeville, MN 55044
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,589 - $1,708
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,581 - $1,700
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The Edison at Avonlea
7255 181st St WLakeville, MN 55044
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$1,591 - $2,941
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,580 - $2,930
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SouthFork Townhomes + Flats
17956 Jubilee WayLakeville, MN 55044
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$1,599
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCourtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
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$1,599 - $2,400
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowMarion Crossing
20390 Dodd BlvdLakeville, MN 55044
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$1,600 - $1,725
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowSpero Senior Living
19351 Indiana AveLakeville, MN 55044
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$1,600 - $1,900
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowDundas Apartments
80 West Ave WDundas, MN 55019
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$1,629 - $1,659
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCourtwood Village 2
17088 Adelmann St SEPrior Lake, MN 55372
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$1,650
Plus Fees
1 Bedroom Apartments Available Now5th Street Lofts
116 5th St ENorthfield, MN 55057
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Rent Specials
$1,695 - $2,160
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,695 - $2,160
Total Monthly Price
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Rye Apartments
21401 Dushane PkyFarmington, MN 55024
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Rent Specials
$1,903 - $4,508
Total Monthly Price
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,895 - $4,500
Required Monthly Fees
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Total Monthly Price
Varies
Wildwood Lakeville - NOW OPEN!
16160 Kendale DrLakeville, MN 55044
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.
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1 to 2 Bedroom Apartments
Brooksville
16829 Toronto Ave SEPrior Lake, MN 55372
501 1st St W
NorthfieldMN55057
9830 Upper 161st St W
LakevilleMN55044
504 Juliet Dr
LakevilleMN55044
3315 Skyview Dr
TylerTX75707
16505 Timber Crest Dr SE
Prior LakeMN55372
12710 Granger Ct
St. PaulMN55124
7255 126th St W
St. PaulMN55124
12585 Gavotte Ave
St. PaulMN55124
7155 126th St W
St. PaulMN55124
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.
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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 | $1,413 | $1,065 | $1,698 |
| Elko 1 Bedroom Apartments | $1,605 | $831 | $1,908 |
| Elko 2 Bedroom Apartments | $2,006 | $1,027 | $2,850 |
| Elko 3 Bedroom Apartments | $2,809 | $1,650 | $3,808 |
| Elko 4 Bedroom Apartments | $4,222 | $3,950 | $4,508 |
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
- Nearby Cities
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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 $910. Parkwood Apartments in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,065. 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 | $910 |
| Parkwood Apartments | 1 and 2 bed | Studio, | $1,065 |
| Southwind Village | A1 | 1BR,1BA | $1,151 |
| The Overlook at Crystal Lake | S2 | Studio,1BA | $1,285 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1,287 |
| Centennial & Heritage Apartments | 2 BD/1 BA (720) | 2BR,1BA | $1,350 |
| Authentix Lakeville | Studio Horizon Courtyard | Studio,1BA | $1,397 |
| Bohemia Flats | One Bedroom One Bathroom | 1BR,1BA | $1,400 |
| Arris Lakeville | Oak | Studio,1BA | $1,406 |
| The Grainwood Senior Apartments | One Bedroom - B | 1BR,1BA | $1,413 |
Best Value Apartments for Rent in Elko, MN and Nearby
As of July 22, 2026 the best value apartment in the Elko area is the $1.69 price per square foot The Highview - Single Family Home Model at Wildwood Lakeville - NOW OPEN! in the in the Timbercrest At Lakeville neighborhood starting from $4,508. The second greatest value Elko apartment is the C1 Tamarack Model at The Crossing at Ritter Meadows starting at $2,725 with a $1.71 price per square foot in the Wood Hill 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. |
|---|---|---|---|
| Wildwood Lakeville - NOW OPEN! | The Highview - Single Family Home | 4BR,2.5BA | $1.69 |
| The Crossing at Ritter Meadows | C1 Tamarack | 2BR,2.5BA | $1.71 |
| Kestrel Village Apartments | 3 bed 2 bath | 3BR,2BA | $1.47 |
| The Oaks of Lakeville | 2 BD / 1.5 BA | 2BR,1.5BA | $1.38 |
| Timberfield Apartments | Two Bedroom/ Two Bathroom | 2BR,2BA | $1.64 |
| Courtwood Village 2 | 2 Bed/ 2 Bath | 2BR,2BA | $1.74 |
| Courtwood Village I | 2 Bed/1 Bath Model B | 2BR,1BA | $1.70 |
| Lakeville Woods | Birch B | 1BR,1BA | $1.76 |
| Southwind Village | A1 | 1BR,1BA | $1.59 |
| Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $1.36 |
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.
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Real 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.
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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.
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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 Parkwood Apartments listed at $1,065.
How much is rent for a Cheap One Bedroom Elko Apartment?
The lowest price for a Cheap One Bedroom Elko Apartment is $910 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 $1,287 at Kestrel Village Apartments.
What is the most affordable Elko Three Bedroom Apartment?
The best deal on a cheap Elko Three Bedroom Apartment rental is at Kestrel Village Apartments and starts from $1,650.
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.
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.