What's the average rent in Elk River, MN?

Rental Market Trends in Elk River, MN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Elk River, MN is $1,638 per month, which is 16% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,638

6.7%$103 increase month-over-month

-12.1%-$225 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,427

HOUSES

$2,195

TOWNHOUSES

$2,200

As of September 2026, apartments are the most affordable rental option in Elk River, MN at $1,427 per month, while townhomes are the most expensive at $2,200 per month. Houses average $2,195 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,390
2 Bedrooms	$1,450
3 Bedrooms	$1,965
4 Bedrooms	$2,200
All	$1,638

As of September 2026, the average rent for a 1 bedroom rental in Elk River, MN is $1,390 per month, followed by $1,450 for a 2 bedroom rental, $1,965 for a 3 bedroom rental, and $2,200 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,275
3 Bedrooms	$1,950
4 Bedrooms	—
All	$1,300

As of September 2026, the average rent for a 2 bedroom apartment in Elk River, MN is $1,275 per month, followed by $1,950 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,995
3 Bedrooms	$2,195
4 Bedrooms	$2,801
All	$2,195

As of September 2026, the average rent for a 2 bedroom house in Elk River, MN is $1,995 per month, followed by $2,195 for a 3 bedroom house, and $2,801 for a 4 bedroom house.