Apartments for Rent in Elk River, MN

Prices and availability in Elk River, MN were last updated on 22 Jun 2026.

The best apartments in Elk River, MN are: Evans Meadows, Dove Tree Apartments, Pineview Estates, Elk River Lodge and Apartments and Jackson Place 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 $3,515.

The price range for a 2-bedroom apartment in Elk River, MN is between $1,250 and $3,459.

The price range for a 3-bedroom apartment in Elk River, MN is between $1,100 and $1,750.

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.

Rental apartments in Elk River come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 38% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Elk River. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.