51 Viking Terrace
NorthfieldMN55057
Cheap Homes for Rent in Elko, MN from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Elko.
501 1st St W
NorthfieldMN55057
16783 Lyons Ave SE
Prior LakeMN55372
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.
9830 Upper 161st St W
LakevilleMN55044
504 Juliet Dr
LakevilleMN55044
3315 Skyview Dr
TylerTX75707
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.
Showing Results 1-6, 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 | $1,807 | $1,475 | $2,275 |
| Elko 3 Bedroom Homes for Rent | $2,192 | $1,320 | $2,795 |
| Elko 4 Bedroom Homes for Rent | $3,217 | $2,300 | $3,990 |
| Elko 5 Bedroom Homes for Rent | $2,895 | $2,195 | $3,995 |
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 June 23, 2026 the best value apartment in the Elko area is the $1.71 price per square foot C1 Tamarack Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $2,725. The second greatest value Elko apartment is the C1 Model at Southwind Village starting at $2,276 with a $1.72 price per square foot in the Oak Shores 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 | C1 Tamarack | 2BR,2.5BA | $1.71 |
| Southwind Village | C1 | 3BR,2BA | $1.72 |
| Kestrel Village Apartments | 3 bed 2 bath | 3BR,2BA | $1.47 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.56 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Timberfield Apartments | Two Bedroom/ Two Bathroom | 2BR,2BA | $1.73 |
| 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.
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.
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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 44 Apartments for Rent in Elko, MN with pricing that ranges from $831 to $4,100. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko ranging from $1,320 to $3,995.
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 $1,320 to $3,995 with an average monthly rent of $2,527.
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 $1,600 to $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,320 to $2,795. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $3,950.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.