Apartments for Rent in Elk River, MN

Prices and availability in Elk River, MN were last updated on 6 Jul 2026.

The best apartments in Elk River, MN are: Dove Tree Apartments, Evans Meadows, 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 $3,395.

The price range for a 2-bedroom apartment in Elk River, MN is between $1,250 and $3,623.

The price range for a 3-bedroom apartment in Elk River, MN is between $1,100 and $1,820.

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 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.