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 August 2026, the average rent in Elk River, MN is $1,910 per month, which is 3% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,910
15.2%$252 increase month-over-month
-4.3%-$85 decrease year-over-year
AVAILABLE RENTALS
29
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Elk River, MN at $1,448 per month, while houses are the most expensive at $2,800 per month. Townhomes average $1,500 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,411 |
| 2 Bedrooms | $1,495 |
| 3 Bedrooms | $1,863 |
| 4 Bedrooms | $2,676 |
| All | $1,910 |
As of August 2026, the average rent for a 1 bedroom rental in Elk River, MN is $1,411 per month, followed by $1,495 for a 2 bedroom rental, $1,863 for a 3 bedroom rental, and $2,676 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,500 |
As of August 2026, the average rent for a 2 bedroom townhome in Elk River, MN is $1,500 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,300 |
As of August 2026, the average rent for a 2 bedroom apartment in Elk River, MN is $1,300 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,995 |
| 4 Bedrooms | $2,676 |
| All | $2,800 |
As of August 2026, the average rent for a 3 bedroom house in Elk River, MN is $1,995 per month, followed by $2,676 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -31% compared to the previous year, which is a $686 decrease.
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 $1,043 to $3,250.
