Cheap Apartments for Rent in Elk River, MN

19 rentals

Apartments For Rent Near Elk River, MN

We found 21 more apartments matching your filters just outside Elk River

Average Rent Trends in 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 increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Jun 2025$1,875
Jul 2025$2,350
Aug 2025$2,195
Sep 2025$2,295
Oct 2025$1,499
Nov 2025$1,466
Dec 2025$1,830
Jan 2026$1,484
Feb 2026$1,797
Mar 2026$1,866
Apr 2026$1,638
May 2026$1,751
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,301$1,434$1,899$2,950$1,805
Townhomes—$2,095$2,295—$2,095
Apartments and Condos—$1,300——$1,300
Houses——$2,195$2,950$2,590
See more information about local market trends in Elk River, MN

Frequently Asked Questions about Rentals in Elk River, MN

  • 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.
  • What is the average rent of a house in Elk River, MN?
    The average rent of a house in Elk River, MN is $2,590 per month. This is about 34% higher than the national average.
  • What is the average rent of a townhome in Elk River, MN?
    The average rent of a townhome in Elk River, MN is $2,095 per month. This is about 9% higher 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 Nov 2025 when it was $1,466 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 Jul 2025 when it was $2,350 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 $1,301 per month. That is about $131 more than the cost of a studio apartment.
  • How many available rental listings are in Elk River, MN?
    There are 24 available rental listings 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.