12968 Nicollet Ave
BurnsvilleMN55337
Cheap Homes for Rent in Elko, MN from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Elko.
501 1st St W
NorthfieldMN55057
20660 Holyoke Ave
LakevilleMN55044
12655 Garner Way
St. PaulMN55124
16520 Tranquility Ct
Prior LakeMN55372
5325 206th St W
FarmingtonMN55024
14248 Hemlock Ct N
Apple ValleyMN55124
15537 Foghorn Ln
Apple ValleyMN55124
884 MacBeth Cir
LakevilleMN55044
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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 a home in Elko?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elko 2 Bedroom Homes for Rent | $1,731 | $1,375 | $2,150 |
| Elko 3 Bedroom Homes for Rent | $2,174 | $1,775 | $2,800 |
| Elko 4 Bedroom Homes for Rent | $3,273 | $2,650 | $4,900 |
| Elko 5 Bedroom Homes for Rent | $3,292 | $2,800 | $4,099 |
| Elko 6 Bedroom Homes for Rent | $3,795 | $3,795 | $3,795 |
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 $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 Elko
What type of rentals are currently available in Elko?
There are currently 39 Apartments for Rent in Elko, MN with pricing that ranges from $631 to $2,936. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko ranging from $1,375 to $4,900.
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 $1,375 to $4,900 with an average monthly rent of $2,853.
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.