Cheap Apartments for Rent in Elmore, MN from $400 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elmore.

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.

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.

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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included

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.

property at 633 S 2nd St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

633 S 2nd St

MankatoMN56001
property at 220 E 7th St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available Now

220 E 7th St

Albert LeaMN56007
property at 702 E Main St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007
property at 326 E Washington St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Jun 5

326 E Washington St

MankatoMN56001
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St. James Apartments
1 to 3 Bedroom Apartments

St. James Apartments

131 9th Ave NSt. James, MN 56081
  • Utilities Included
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219 6th St SW
1 to 2 Bedroom Apartments

219 6th St SW

219 6th St SWMadelia, MN 56062
  • Utilities Included
property at 821 Jefferson Ave

$950 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom Rentals

Available Now

821 Jefferson Ave

Albert LeaMN56007

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.

Elmore, MN Local Guide

Cheapest Available Elmore Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elmore, MN is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. Meadow Bloom Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $607. Here is today’s list of the most affordable Elmore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$425
Meadow Bloom Apartments2 Bedroom2BR,1BA$607
CityView ApartmentsStudioStudio,1BA$650
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$725
1212 Heckman CtStudioStudio,1BA$750
Hartshorn Manor1 Bed, 1 bath1BR,1BA$840
Lewis Lofts1a1t1BR,1BA$855
Glenwood Terrace1 BR/1 BA1BR,1BA$880

Best Value Apartments for Rent in Elmore, MN and Nearby

As of May 03, 2026 the best value apartment in the Elmore area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Elmore apartment is the 2 Bedroom Model at Ashley Estates starting at $995 with a $1.11 price per square foot . Here is today’s list of the best values for Elmore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
Ashley Estates2 Bedroom2BR,2BA$1.11
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
1212 Heckman CtStudioStudio ,1BA$0.83
CityView Apartments2 bedroom2BR,1BA$1.08
Meadow Bloom Apartments2 Bedroom2BR,1BA$0.79
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
Hartshorn Manor1 Bed, 1 bath1BR,1BA$1.12

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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.

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The 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.

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Cash 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Elmore Apartments

What is the Cheapest Studio apartment in Elmore?

Currently the most affordable Cheap Studio Apartment in Elmore is at CityView Apartments listed at $650.

How much is rent for a Cheap One Bedroom Elmore Apartment?

The lowest price for a Cheap One Bedroom Elmore Apartment is $425 at Burt 18-Unit (Countryside Properties).

What is the lowest price for a Cheap Two Bedroom Elmore Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elmore is starting from $607 at Meadow Bloom Apartments.

What is the most affordable Elmore Three Bedroom Apartment?

The best deal on a cheap Elmore Three Bedroom Apartment rental is at Deer Creek Apartments and starts from $1,240.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.