Apartments for Rent in Elk River, MN

Prices and availability in Elk River, MN were last updated on 2 Jun 2026.

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

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 $3,235.

The price range for a 2-bedroom apartment in Elk River, MN is between $1,150 and $3,505.

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 residents are renting compared to 79% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 22% of Elk River's rentals, 70% are small-scale complexes with under 50 units, and 8% are single-family rentals.

The average age of rental buildings in Elk River is 17 years old, with 61% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, 5% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.