Cheap Homes for Rent in Elko New Market, MN from $1,500 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Elko New Market.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Elko New Market, MN Local Guide

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 Southwind Village in the Dakota Far Southwest Suburbs neighborhood priced from $1,042. The Felix in the Vista View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,130. Here is today’s list of the most affordable Elko New Market apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southwind VillageA11BR,1BA$1,042
The FelixThe Ronan1BR,1BA$1,130
Centennial & Heritage Apartments1 bedroom1BR,1BA$1,150
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1,195
Springs at Egan DriveStudio Grand OverlookStudio,1BA$1,284

Best Value Apartments for Rent in Elko New Market, MN and Nearby

As of June 04, 2025 the best value apartment in the Elko New Market area is the $1.44 price per square foot 2 Bed/ 2 Bath Model G Model at Courtwood Village I in the in the Downtown Prior Lake neighborhood starting from $1,599. The second greatest value Elko New Market apartment is the 2 Bed, 2 Bath Model at Rambush Estates starting at $1,700 with a $1.55 price per square foot in the Timberland Knolls Acres neighborhood. Here is today’s list of the best values for Elko New Market apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Courtwood Village I2 Bed/ 2 Bath Model G2BR,2BA$1.44
Rambush Estates2 Bed, 2 Bath2BR,2BA$1.55
Lakeville WoodsWillow A1BR,1BA$1.59
Old Town ApartmentsE - 2 Bed 1 Bath2BR,1BA$1.83
Kestrel Village Apartments2 bed 1 bath2BR,1BA$1.58
The Grainwood Senior ApartmentsTwo Bedroom - A2BR,1BA$1.92
Centennial & Heritage Apartments1 bedroom1BR,1BA$1.41
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1.53
SouthFork Townhomes + FlatsA1R1BR,1BA$1.84
The FelixThe Selene A1BR,1BA$1.79

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Elko New Market

What type of rentals are currently available in Elko New Market?

There are currently 36 Apartments for Rent in Elko New Market, MN with pricing that ranges from $631 to $4,505. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elko New Market ranging from $1,550 to $6,750.

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 $1,550 to $6,750 with an average monthly rent of $3,116.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.