
Cheap Homes for Rent in Elko New Market, MN from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Elko New Market.


51 Viking Terrace

501 1st St W

12655 Garner Way
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.

20577 Erin Ct

9830 Upper 161st St W

3315 Skyview Dr

993 Oriole Dr
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 a home in Elko New Market?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elko New Market 2 Bedroom Homes for Rent | $1,984 | $1,450 | $3,300 |
| Elko New Market 3 Bedroom Homes for Rent | $2,322 | $1,120 | $3,900 |
| Elko New Market 4 Bedroom Homes for Rent | $3,408 | $2,300 | $3,990 |
| Elko New Market 5 Bedroom Homes for Rent | $4,750 | $4,750 | $4,750 |
Browse Top Homes for Rent in Elko New Market
Explore Elko New Market
Elko New Market, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Elko New Market Apartments for Rent and Nearby
 The cheapest available apartment rental in Elko New Market, MN is a 2 Beds unit found at Parkside Apartments in the Scott Far Western Suburbs neighborhood priced from $1,200. Southwind Village in the Oak Shores neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,205. 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 | 2 bedroom | 2BR,1BA | $1,200 |
| Southwind Village | S1 | Studio,1BA | $1,205 |
| The Felix | The Selene A | 1BR,1BA | $1,210 |
Best Value Apartments for Rent in Elko New Market, MN and Nearby
As of April 30, 2026 the best value apartment in the Elko New Market area is the $1.49 price per square foot D3 Stonebrook Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $3,475. The second greatest value Elko New Market apartment is the Style A Model at Winfield Townhomes starting at $1,758 with a $1.31 price per square foot in the Heart of the City 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. |
|---|---|---|---|
| The Crossing at Ritter Meadows | D3 Stonebrook | 3BR,3BA | $1.49 |
| Winfield Townhomes | Style A | 3BR,2BA | $1.31 |
| SouthFork Townhomes + Flats | C1R | 3BR,1.5BA | $1.75 |
| The Edison at Avonlea | LAMARR II (ACC) | 2BR,2BA | $1.78 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.60 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Marion Crossing | Two Bedroom Flat | 2BR,1BA | $1.78 |
| East Gate Estates | 2 Bedroom 1 Bath (sm) | 2BR,1BA | $1.69 |
| Old Town Apartments | B - 1 Bed 1 Bath | 1BR,1BA | $1.78 |
| Parkside Apartments | 2 bedroom | 2BR,1BA | $1.66 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 Elko New Market
What type of rentals are currently available in Elko New Market?
There are currently 42 Apartments for Rent in Elko New Market, MN with pricing that ranges from $831 to $4,100. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko New Market ranging from $1,120 to $4,750.
What is the current price range for Rental Homes in Elko New Market?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elko New Market ranges from $1,120 to $4,750 with an average monthly rent of $3,116.
How much are larger Three and Four Bedroom Rentals in Elko New Market?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elko New Market range from $1,694 to $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,120 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,704.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.