Cheap Homes for Rent in Elysian, MN from $1,000 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Elysian.

property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom Rentals

Available Now

325 E Washington St

MankatoMN56001
property at 240 E Rice St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 10

240 E Rice St

OwatonnaMN55060
property at 561 S Elk St

$1,195 - $1,445

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 To 2 Bedroom Rentals

Available Now

561 S Elk St

Belle PlaineMN56011
property at 1611 5th Ave

$1,215

Total Monthly Price

Total Monthly Price

Base Rent
$1,215

Total Monthly Price
$1,215

1 Bedroom, 1 Bath Home for Rent

Available Now

1611 5th Ave

MankatoMN56001
property at 101 Elm St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

3 Bedroom, 1 Bath Condo for Rent

Available Now

101 Elm St

ClaremontMN55924

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.

property at 730 N Broad St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Condo for Rent

Available Sep 10

730 N Broad St

MankatoMN56001
property at 51 Viking Terrace

$1,320

Total Monthly Price

Total Monthly Price

Base Rent
$1,320

Total Monthly Price
$1,320

3 Bedroom, 2 Bath Home for Rent

Available Now

51 Viking Terrace

NorthfieldMN55057
property at 319 E Main St

$1,324

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,324

Total Monthly Price
$1,324

4 Bedroom, 2 Bath Home for Rent

Available Now

319 E Main St

MankatoMN56001
property at 960 N 3rd St

$1,315 - $1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

1 To 2 Bedroom Rentals

Available Aug 26

960 N 3rd St

St. PeterMN56082
property at 242 Belgrade Ave

$1,395 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 To 2 Bedroom Rentals

Available Oct 1

242 Belgrade Ave

North MankatoMN56003

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.

property at 306 Louva Ln

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 2 Bath Home for Rent

Available Now

306 Louva Ln

MankatoMN56001

Elysian, MN Local Guide

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 ListingModel NameBed/BathPriced From
F and H Apartments1 Bed, 1 bath1BR,1BA$825
Lewis Lofts1a1t1BR,1BA$855
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
Village Place Apartments of MankatoOne Bedroom1BR,1BA$975
Cherry Ridge ApartmentsTax Credit2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes2BR,2.5BA$1.13
Sibley Village TownhomesTwo Bedroom One Half Bathroom2BR,1.5BA$1.16
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Autumn Wind TownhomesThree Bedroom3BR,1.5BA$1.27
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.27
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1.30
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
Bunting Lane ApartmentsIndividual 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.

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Real 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 Article
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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!

Explore Elysian, MN Rentals by Map

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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

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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.