94 Viking Terrace
NorthfieldMN55057
Cheap Homes for Rent in Elko, MN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Elko.
51 Viking Terrace
NorthfieldMN55057
501 1st St W
NorthfieldMN55057
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.
12655 Garner Way
St. PaulMN55124
20577 Erin Ct
FarmingtonMN55024
9830 Upper 161st St W
LakevilleMN55044
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.
3315 Skyview Dr
TylerTX75707
Showing Results 1-7, Page 1 of 1
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 a home in Elko?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elko 2 Bedroom Homes for Rent | $1,870 | $1,475 | $2,725 |
| Elko 3 Bedroom Homes for Rent | $2,255 | $1,120 | $3,550 |
| Elko 4 Bedroom Homes for Rent | $3,277 | $2,295 | $3,990 |
| Elko 5 Bedroom Homes for Rent | $4,750 | $4,750 | $4,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $910. Northfield Estates in the Wood Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $952. 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 |
| Northfield Estates | COMING SOON | 2BR,1BA | $952 |
| Riverview Manor | 1 BD 1 BA | 1BR,1BA | $995 |
Best Value Apartments for Rent in Elko, MN and Nearby
As of May 08, 2026 the best value apartment in the Elko area is the $1.43 price per square foot E1 Summit Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $4,135. The second greatest value Elko apartment is the LAMARR II (ACC) Model at The Edison at Avonlea starting at $1,953 with a $1.78 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. |
|---|---|---|---|
| The Crossing at Ritter Meadows | E1 Summit | 4BR,3.5BA | $1.43 |
| The Edison at Avonlea | LAMARR II (ACC) | 2BR,2BA | $1.78 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.60 |
| Courtwood Village I | 2 Bed/ 1 Bath Model C | 2BR,1BA | $1.71 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1.11 |
| Maple Trails Apartments | ** COMING SOON ** | 2BR,1BA | $1.61 |
| Northfield Estates | COMING SOON | 2BR,1BA | $1.19 |
| Riverview Manor | 1 BD 1 BA | 1BR,1BA | $1.27 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1.66 |
| 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.
Read Article
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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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.
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See the most popular apartments and homes in Elko, MN
Frequently Asked Questions about Elko
What type of rentals are currently available in Elko?
There are currently 43 Apartments for Rent in Elko, MN with pricing that ranges from $831 to $4,300. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko ranging from $1,120 to $4,750.
What is the current price range for Rental Homes in Elko?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elko ranges from $1,120 to $4,750 with an average monthly rent of $3,038.
How much are larger Three and Four Bedroom Rentals in Elko?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elko range from $1,755 to $3,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,120 to $3,550. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $4,150.
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
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.
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.