
Cheap Apartments for Rent in Elkton, MN from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Elkton.


Flats on 21

Total Monthly Price
Northern Place Apartments

Hillside Apartments

Total Monthly Price
Meadow Park Apartments

Total Monthly Price
The Graham

Lobb Field Apartments

Total Monthly Price
The Ida

Total Monthly Price
Lincoln Apartments LLC

Webster Apartments
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.

Cottages of Stewartville

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Parkview Place

Dodger 56, LLC

The Park

Total Monthly Price
Kodiak Apartments

Mill on Main I & II

VALLEY VIEW ESTATES

Bear Path Apartments

Total Monthly Price
5th on 5th Apartments

The Gryff Apartments
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.

STEWARTVILLE FLATS

Edge Apartments

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The Manor at Med City

Preserve on Maine

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Stone Haven Apartments

Total Monthly Price
Stone Haven Townhomes

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Woodridge on Second

Total Monthly Price
The Boulders

SoRoc on Maine

1017 21st St SE
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.

Flats at Uptown

Chester Estates

The Colby

121 Main St S

28 6th Ave SE

621 Oak St

1306 9th Ave SW

402 4th St SE

609 11th St NW

2094 11th Ave SE
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.

432 Walnut St

725 7th St NW

403 10th St NW

1732 2nd Ave SE

524 10th St SE

804 12th Ave SW

1821 Daniel Ln NE

1204 1st Ave NE

800 8th Ave SE

1921 3rd Ave NE
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.
Elkton, MN Local Guide

How much does it cost to rent an apartment in Elkton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elkton Studio Apartments | $1,289 | $689 | $1,916 |
| Elkton 1 Bedroom Apartments | $1,537 | $786 | $2,574 |
| Elkton 2 Bedroom Apartments | $1,636 | $960 | $3,474 |
| Elkton 3 Bedroom Apartments | $1,926 | $1,020 | $5,388 |
| Elkton 4 Bedroom Apartments | $2,485 | $2,433 | $2,538 |
Browse Top Apartments in Elkton
See all Apartments in ElktonExplore Elkton
Elkton, MN Local Guide
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Cheapest Available Elkton Apartments for Rent and Nearby
 The cheapest available apartment rental in Elkton, MN is a 1 Bed unit found at 105 Main St S priced from $675. Northern Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $860. Here is today’s list of the most affordable Elkton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $860 |
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $920 |
| Lobb Field Apartments | A | 2BR,1BA | $995 |
| Lincoln Apartments LLC | Apt. 12 | 1BR,1BA | $1,005 |
| Flats on 21 | Cottonwood - 60% Area Median Income | 1BR,1BA | $1,006 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1,035 |
| Dodger 56, LLC | 1 Bedroom 1 Bath | 1BR,1BA | $1,130 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Elkton, MN and Nearby
As of April 24, 2026 the best value apartment in the Elkton area is the $1.25 price per square foot 2 Bedroom Plus Den Model at Stone Haven Townhomes in the starting from $2,120. The second greatest value Elkton apartment is the Two Bedroom Two Bath Model at Kodiak Apartments starting at $1,425 with a $1.34 price per square foot . Here is today’s list of the best values for Elkton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stone Haven Townhomes | 2 Bedroom Plus Den | 2BR,2.5BA | $1.25 |
| Kodiak Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.34 |
| Woodridge on Second | B1R | 2BR,2BA | $1.58 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.30 |
| VALLEY VIEW ESTATES | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.47 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| Dodger 56, LLC | 1 Bedroom 1 Bath | 1BR,1BA | $1.44 |
| Lobb Field Apartments | A | 2BR,1BA | $1.42 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1.50 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.31 |
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 Elkton, MN Rentals by Map
See the most popular apartments and homes in Elkton, MN
Frequently Asked Questions about Cheap Elkton Apartments
What is the Cheapest Studio apartment in Elkton?
Currently the most affordable Cheap Studio Apartment in Elkton is at Hillside Apartments listed at $900.
How much is rent for a Cheap One Bedroom Elkton Apartment?
The lowest price for a Cheap One Bedroom Elkton Apartment is $675 at 105 Main St S.
What is the lowest price for a Cheap Two Bedroom Elkton Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elkton is starting from $860 at Northern Place Apartments.
What is the most affordable Elkton Three Bedroom Apartment?
The best deal on a cheap Elkton Three Bedroom Apartment rental is at Meadow Park Apartments and starts from $1,020.
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.