Cheap Homes for Rent in Elko, MN from $1,500 (14 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Elko, MN Local Guide

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 ListingModel NameBed/BathPriced From
Woodridge Apartments** COMING SOON ** Surround yourself with nature.1BR,1BA$900
Northfield EstatesCOMING SOON2BR,1BA$935
Hidden Valley Apartments** COMING SOON **2BR,1BA$1,000
Southwind VillageA11BR,1BA$1,061
Northlake LoftsSugarStudio,1BA$1,325

Best Value Apartments for Rent in Elko, MN and Nearby

As of August 11, 2025 the best value apartment in the Elko area is the $1.53 price per square foot L - 2 Bed 2 Bath Model at Old Town Apartments in the in the Wood Hill neighborhood starting from $2,200. The second greatest value Elko apartment is the C1 Model at Southwind Village starting at $2,246 with a $1.70 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Old Town ApartmentsL - 2 Bed 2 Bath2BR,2BA$1.53
Southwind VillageC13BR,2BA$1.70
Lakeville WoodsMaple A2BR,2BA$1.58
Courtwood Village I2 Bed/ 1 Bath Model D2BR,1BA$1.52
Creekside Commons Apartments2BR/1.0BA2BR,1BA$1.71
Kestrel Village Apartments2 bed 1 bath2BR,1BA$1.58
Hidden Valley Apartments** COMING SOON **2BR,1BA$1.10
Maple Trails Apartments** COMING SOON **2BR,1BA$1.61
Northfield EstatesCOMING SOON2BR,1BA$1.17
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 $4,477. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko ranging from $1,550 to $5,000.

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 $1,550 to $5,000 with an average monthly rent of $2,870.

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 $1,673 to $3,608, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $2,895. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,600.

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.