What's the average rent in Elk River, MN?
Rental Market Trends in Elk River, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of November 2026, the average rent in Elk River, MN is $1,539 per month, which is 20% lower than the national average rent of $1,932 per month.
AVERAGE RENT
$1,539
1.2%$18 increase month-over-month
6.0%$87 increase year-over-year
AVAILABLE RENTALS
20
APARTMENTS
HOUSES
TOWNHOUSES
As of November 2026, apartments are the most affordable rental option in Elk River, MN at $1,482 per month, while houses are the most expensive at $2,442 per month. Townhomes average $2,300 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,423 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,965 |
| 4 Bedrooms | $2,442 |
| All | $1,539 |
As of November 2026, the average rent for a 1 bedroom rental in Elk River, MN is $1,423 per month, followed by $1,300 for a 2 bedroom rental, $1,965 for a 3 bedroom rental, and $2,442 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,195 |
| 4 Bedrooms | $2,750 |
| All | $2,300 |
As of November 2026, the average rent for a 3 bedroom townhome in Elk River, MN is $2,195 per month, followed by $2,750 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,295 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | — |
| All | $1,295 |
As of November 2026, the average rent for a 2 bedroom apartment in Elk River, MN is $1,295 per month, followed by $1,460 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,477 |
| 4 Bedrooms | $2,442 |
| All | $2,442 |
As of November 2026, the average rent for a 3 bedroom house in Elk River, MN is $2,477 per month, followed by $2,442 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +20% compared to the previous year, which is a +$293 increase.
This year (2026)
Last year (2025)
Rent distribution
50% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $1,100 to $4,299.
