
Cheap Homes for Rent in Elysian, MN from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Elysian.


240 E Rice St

561 S Elk St

1611 5th Ave

101 Elm St
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.

730 N Broad St

51 Viking Terrace

319 E Main St

960 N 3rd St

242 Belgrade Ave
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.

306 Louva Ln
Elysian, MN Local Guide

How much does it cost to rent a home in Elysian?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elysian 2 Bedroom Homes for Rent | $1,496 | $1,025 | $1,679 |
| Elysian 3 Bedroom Homes for Rent | $1,686 | $1,250 | $2,295 |
| Elysian 4 Bedroom Homes for Rent | $2,570 | $1,324 | $3,950 |
| Elysian 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
Browse Top Homes for Rent in Elysian
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Elysian, MN Local Guide
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Cheapest Available Elysian Apartments for Rent and Nearby
 The cheapest available apartment rental in Elysian, MN is a 1 Bed unit found at F and H Apartments priced from $825. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable Elysian apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| F and H Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $975 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
Best Value Apartments for Rent in Elysian, MN and Nearby
As of June 05, 2026 the best value apartment in the Elysian area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Elysian apartment is the Two Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,575 with a $1.16 price per square foot in the University neighborhood. Here is today’s list of the best values for Elysian apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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Frequently Asked Questions about Elysian
What type of rentals are currently available in Elysian?
There are currently 69 Apartments for Rent in Elysian, MN with pricing that ranges from $750 to $2,794. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elysian ranging from $1,025 to $3,950.
What is the current price range for Rental Homes in Elysian?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elysian ranges from $1,025 to $3,950 with an average monthly rent of $1,856.
How much are larger Three and Four Bedroom Rentals in Elysian?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elysian range from $925 to $2,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,324 and Four Bedroom Apartments start at $1,780.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.