Cheap Homes for Rent in Elko, MN from $1,500 (15 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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-15, Page 1 of 1

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 VillageS1Studio,1BA$1,125
Centennial & Heritage Apartments1 bedroom1BR,1BA$1,150

Best Value Apartments for Rent in Elko, MN and Nearby

As of June 24, 2025 the best value apartment in the Elko area is the $1.43 price per square foot Two Bedroom Flat Model at Lakeville Court in the in the Wood Hill neighborhood starting from $1,631. The second greatest value Elko apartment is the 2 Bed/ 2 Bath Model G Model at Courtwood Village I starting at $1,599 with a $1.44 price per square foot in the Downtown Prior Lake 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.
Lakeville CourtTwo Bedroom Flat2BR,1BA$1.43
Courtwood Village I2 Bed/ 2 Bath Model G2BR,2BA$1.44
Lakeville WoodsWillow A1BR,1BA$1.58
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
Centennial & Heritage Apartments1 bedroom1BR,1BA$1.41
Northfield EstatesCOMING SOON2BR,1BA$1.17
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1.60
Woodridge Apartments** COMING SOON ** Surround yourself with nature.1BR,1BA$1.34

Quick Rent Budget Calculator

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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 $4,288. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko ranging from $1,550 to $5,500.

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 $5,500 with an average monthly rent of $2,862.

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 $4,226, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $2,895. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $2,499.

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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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.