What is the average rent of an apartment in Elk River, MN?

The average rent of an apartment in Elk River, MN is $1,427 per month. This is about 26% lower than the national average.

When is the average rent cheapest in Elk River, MN?

In the last year, the average rent in Elk River, MN was lowest in Dec 2025 when it was $1,240 per month.

In the last year, the average rent in Elk River, MN was highest in May 2025 when it was $1,675 per month.

The average rent of a 1 bedroom apartment in Elk River, MN is $1,364 per month. That is about $194 more than the cost of a studio apartment.

There are 12 available apartments or condos to rent in Elk River, MN.

Elk River, MN includes zip codes such as: 55330 .

Some nearby cities include: Otsego , Ramsey , Zimmerman , Albertville , Big Lake . These cities may have more rental options to explore.

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PET FRIENDLY
$1,947/mo
Total price
1 Bed
2 Baths
633 Main St NW #418,
Elk River, MN 55330
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NEW - 1 DAY AGO
SPECIAL OFFER
PET FRIENDLY
INCOME RESTRICTED
$1,195 - $1,695/mo
1-3 Beds
1-2 Baths
Dove Tree Apartments | 1105 Lions Park Dr NW #319,
Elk River, MN 55330
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SPECIAL OFFER
PET FRIENDLY
INCOME RESTRICTED
$1,425 - $1,645/mo
2-3 Beds
1-2 Baths
Dove Terrace Apartments | 1227 School St NE #ee703ee06,
Elk River, MN 55330
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SPECIAL OFFER
INCOME RESTRICTED
$1,301/mo
1 Bed
1 Bath
10653 172nd Ave NW #1B-1Ba-796Sqft,
Elk River, MN 55330
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SPECIAL OFFER
INCOME RESTRICTED
$1,301 - $1,791/mo
1-3 Beds
1-2 Baths
Coachman Ridge | 17250 Twin Lake Rd NW #8b3b69735,
Elk River, MN 55330
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APPLY INSTANTLY
$1,300/mo
2 Beds
1 Bath
900 sqft
365 Baldwin Ave NW #205,
Elk River, MN 55330
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$1,300/mo
2 Beds
1 Bath
900 sqft
365 Baldwin Ave NW #105,
Elk River, MN 55330
$1,300/mo
2 Beds
1 Bath
900 sqft
365 Baldwin Ave NW #106,
Elk River, MN 55330
$1,300/mo
2 Beds
1 Bath
900 sqft
365 Baldwin Ave NW #206,
Elk River, MN 55330
PET FRIENDLY
$1,495/mo
2 Beds
1 Bath
850 sqft
11909 191 1/2 Ave NW #4,
Elk River, MN 55330
$1,300/mo
2 Beds
1 Bath
365 Baldwin Ave NW,
Elk River, MN 55330
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Apartments For Rent Near Elk River, MN

Rent in Elk River, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in May 2025.

View as a graph

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.

	1 bed	2 beds	3 beds	4 beds	All
All home types	$1,367	$1,634	$1,899	$2,645	$1,800
Townhomes	—	$2,322	$2,295	—	$2,322
Apartments and Condos	—	$1,300	—	—	$1,300
Houses	—	$1,800	$2,195	$2,645	$2,195

What is the average rent of an apartment in Elk River, MN?
The average rent of an apartment in Elk River, MN is $1,427 per month. This is about 26% lower than the national average.
When is the average rent cheapest in Elk River, MN?
In the last year, the average rent in Elk River, MN was lowest in Dec 2025 when it was $1,240 per month.
When is the average rent most expensive in Elk River, MN?
In the last year, the average rent in Elk River, MN was highest in May 2025 when it was $1,675 per month.
How does the rent of a 1 bedroom apartment compare to a studio apartment in Elk River, MN?
The average rent of a 1 bedroom apartment in Elk River, MN is $1,364 per month. That is about $194 more than the cost of a studio apartment.
How many apartments or condos are available to rent in Elk River, MN?
There are 12 available apartments or condos to rent in Elk River, MN.
What are some zip codes in Elk River, MN?
Elk River, MN includes zip codes such as: 55330.
What are some cities near Elk River, MN?
Some nearby cities include: Otsego, Ramsey, Zimmerman, Albertville, Big Lake. These cities may have more rental options to explore.