Apartments for Rent in Elk River, MN

Prices and availability in Elk River, MN were last updated on 3 Jun 2026.

The best apartments in Elk River, MN are: Jackson Place Apartments, Ridgewood Manor Partnership, Elk River Lodge and Apartments, Evans Meadows and Dove Tree Apartments.

The average rent in Elk River, MN is $1,525.

The price range for a 1-bedroom apartment in Elk River, MN is between $1,000 and $3,240.

The price range for a 2-bedroom apartment in Elk River, MN is between $1,150 and $3,495.

The price range for a 3-bedroom apartment in Elk River, MN is between $1,100 and $1,550.

In Elk River 21% of the housing is rented out compared to 79% of homes are owned, according to the most recent Census Bureau estimates. 22% of Elk River's apartments are found in large buildings of 50 units or more, 70% are located in smaller apartment complexes with less than 50 units, and 8% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Elk River are about 17 years old, on average. Of these, 61% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, 5% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Elk River are around 4% of rentals, while 1-bedroom floor plans represent 38% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 49% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.