
Cheap Apartments for Rent in Elko New Market, MN from $600 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Elko New Market.


Old Town Apartments

Parkside Apartments

Parkwood Apartments

Philipp Square Senior Apartments 55+

The Felix

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Southwind Village

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The Overlook at Crystal Lake

Kestrel Village Apartments

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Creekside Commons Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Oaks of Lakeville

Centennial & Heritage Apartments

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Authentix Lakeville

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Springs at Egan Drive

Hearthwood Apartments

Bohemia Flats

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Arris Lakeville

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The Grainwood Senior Apartments

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East Gate Estates

LakeVillage Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Lakeside Flats

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Lakeville Woods

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Springs at Lakeville

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The Edison at Avonlea

The Emery Apartments

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SouthFork Townhomes + Flats

The Village at Five Hawks

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The Murphy

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Northlake Lofts

Courtwood Village I
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Marion Crossing

Spero Senior Living

Provence

Courtwood Village 2

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Rambush Estates

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Rye Apartments

Winfield Townhomes

Liberty Park Apartments Senior Community-62+

5139 160th St SE

Westgate Townhomes
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.

Maple Acres Apartments

400 Horizon Dr SE

9830 Upper 161st St W

7528 Parkridge Ln

504 Juliet Dr

16477 Timber Crest Dr SE

16505 Timber Crest Dr SE

220 1st St

15563 Garnet Way

12710 Granger Ct
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.
Elko New Market, MN Local Guide

How much does it cost to rent an apartment in Elko New Market?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elko New Market Studio Apartments | $1,437 | $1,065 | $1,698 |
| Elko New Market 1 Bedroom Apartments | $1,611 | $831 | $1,903 |
| Elko New Market 2 Bedroom Apartments | $2,027 | $1,200 | $2,850 |
| Elko New Market 3 Bedroom Apartments | $2,704 | $1,650 | $3,808 |
| Elko New Market 4 Bedroom Apartments | $4,133 | $2,704 | $4,508 |
Browse Top Apartments in Elko New Market
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Elko New Market, MN Local Guide
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Cheapest Available Elko New Market Apartments for Rent and Nearby
 The cheapest available apartment rental in Elko New Market, MN is a 1 Bed unit found at Parkside Apartments in the Scott Far Western Suburbs neighborhood priced from $1,050. Parkwood Apartments in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,065. Here is today’s list of the most affordable Elko New Market apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkside Apartments | 1 bedroom | 1BR,1BA | $1,050 |
| Parkwood Apartments | 1 and 2 bed | Studio, | $1,065 |
| The Felix | The Selene A | 1BR,1BA | $1,137 |
| The Overlook at Crystal Lake | S2 | Studio,1BA | $1,285 |
| Southwind Village | S1 | Studio,1BA | $1,292 |
| Centennial & Heritage Apartments | 2 BD/1 BA (715) | 2BR,1BA | $1,350 |
| Springs at Egan Drive | Studio Grand Overlook | Studio,1BA | $1,395 |
| Bohemia Flats | One Bedroom One Bathroom | 1BR,1BA | $1,400 |
| Arris Lakeville | Oak | Studio,1BA | $1,406 |
| Old Town Apartments | C2 - 1 Bed 1 Bath | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Elko New Market, MN and Nearby
As of July 31, 2026 the best value apartment in the Elko New Market area is the $1.69 price per square foot The Highview - Single Family Home Model at Wildwood Lakeville - NOW OPEN! in the in the Timbercrest At Lakeville neighborhood starting from $4,508. The second greatest value Elko New Market apartment is the C1 Tamarack Model at The Crossing at Ritter Meadows starting at $2,725 with a $1.71 price per square foot in the Wood Hill neighborhood. Here is today’s list of the best values for Elko New Market apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wildwood Lakeville - NOW OPEN! | The Highview - Single Family Home | 4BR,2.5BA | $1.69 |
| The Crossing at Ritter Meadows | C1 Tamarack | 2BR,2.5BA | $1.71 |
| Rambush Estates | 3 Bed, 2 Bath | 3BR,2BA | $1.55 |
| The Oaks of Lakeville | 2 BD / 1.5 BA | 2BR,1.5BA | $1.40 |
| East Gate Estates | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.51 |
| Courtwood Village 2 | 2 Bed/ 2 Bath | 2BR,2BA | $1.74 |
| Courtwood Village I | 2 Bed/1 Bath Model B | 2BR,1BA | $1.70 |
| The Grainwood Senior Apartments | Two Bedroom - A | 2BR,1BA | $1.68 |
| Parkside Apartments | 2 bedroom | 2BR,1BA | $1.67 |
| The Felix | The Selene A | 1BR,1BA | $1.69 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elko New Market, MN Rentals by Map
See the most popular apartments and homes in Elko New Market, MN
Frequently Asked Questions about Cheap Elko New Market Apartments
What is the Cheapest Studio apartment in Elko New Market?
Currently the most affordable Cheap Studio Apartment in Elko New Market is at Parkwood Apartments listed at $1,065.
How much is rent for a Cheap One Bedroom Elko New Market Apartment?
The lowest price for a Cheap One Bedroom Elko New Market Apartment is $1,050 at Parkside Apartments.
What is the lowest price for a Cheap Two Bedroom Elko New Market Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elko New Market is starting from $1,200 at Parkside Apartments.
What is the most affordable Elko New Market Three Bedroom Apartment?
The best deal on a cheap Elko New Market Three Bedroom Apartment rental is at The Grainwood Senior Apartments and starts from $1,700.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.