
Cheap Homes for Rent in Elkton, MN from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Elkton.


502 Chestnut St

621 Oak St

120-9-1/2 9 1/2 St SE

607 11th Ave NE
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.

121 Main St S

1202 3rd Ave SW

402 4th St SE

609 11th St NW

725 7th St NW
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.
Elkton, MN Local Guide

How much does it cost to rent a home in Elkton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elkton 2 Bedroom Homes for Rent | $1,391 | $1,125 | $1,895 |
| Elkton 3 Bedroom Homes for Rent | $1,652 | $1,095 | $2,350 |
| Elkton 4 Bedroom Homes for Rent | $2,931 | $1,850 | $4,800 |
| Elkton 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Elkton
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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 |
| Meadow Park Apartments | Classic Two Bedrooom | 2BR,1BA | $870 |
Best Value Apartments for Rent in Elkton, MN and Nearby
As of April 10, 2026 the best value apartment in the Elkton area is the $1.33 price per square foot Four Bedroom Model at Edge Apartments in the starting from $1,950. The second greatest value Elkton apartment is the Three Bedroom Two Bath - 1078 Sq.Ft Model at Kodiak Apartments starting at $1,625 with a $1.51 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. |
|---|---|---|---|
| Edge Apartments | Four Bedroom | 4BR,2BA | $1.33 |
| Kodiak Apartments | Three Bedroom Two Bath - 1078 Sq.Ft | 3BR,2BA | $1.51 |
| 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 |
| Webster Apartments | Apt. 09 | 2BR,1BA | $1.46 |
| 1017 21st St SE | 2 beds 1 bath | 2BR,1BA | $1.27 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.46 |
| Flats on 21 | Cottonwood - 60% Area Median Income | 1BR,1BA | $1.53 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.23 |
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!
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See the most popular apartments and homes in Elkton, MN
Frequently Asked Questions about Elkton
What type of rentals are currently available in Elkton?
There are currently 45 Apartments for Rent in Elkton, MN with pricing that ranges from $689 to $5,588. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elkton ranging from $950 to $5,000.
What is the current price range for Rental Homes in Elkton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elkton ranges from $950 to $5,000 with an average monthly rent of $2,187.
How much are larger Three and Four Bedroom Rentals in Elkton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elkton range from $1,075 to $5,588, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,950.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.