What is the average apartment size in Elk River?

The average size for a Elk River, MN apartment is 928 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Elk River?

As of Sep / 2025, the average rent in Elk River is $1,579 per month, a 5.45% increase from last year’s average of $1,497.

What is the average apartment size in Elk River?

The typical apartment in Elk River offers about 928 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Elk River, MN Rental Market Trends

Q: What's the typical rent budget in Elk River?

The typical rent budget in Elk River ranges from $1,501 to $2,000 per month, with 50% of rentals in this range.

Q: Do most people rent or own in Elk River?

In Elk River, 20% of households rent while 80% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Elk River is $1,579, a 5.45% increase compared to the previous year, when the average rent was $1,497.

One-bedroom apartments provide 806 square feet for $1,581, balancing privacy and affordability.

Two-beedroom units at $1,618 offer 1,040 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,667 sq ft) for $1,840, suitable for larger households.

Average rent in Elk River, MN

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,579	928 sq. ft.
Studio	n/a	n/a
1 Bed	$1,581	806 sq. ft.
2 Beds	$1,618	1,040 sq. ft.
3 Beds	$1,840	1,667 sq. ft.

Elk River, MN rent trends

Rental prices in Elk River, MN have increased by 5.45% over the past year. The average rent moved from $1,497 to $1,579.

What's the typical rent budget in Elk River, MN?

The largest share of rentals in Elk River, MN (50%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Elk River, MN?

1,923 or 20% of the households in Elk River, MN are renter-occupied while 7,710 or 80% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Elk River Compares to Other Cities

City	Average Rent
Elk River	$1,579
Minneapolis	$1,681
St. Paul	$1,524
Moorhead	$1,088
Rochester	$1,663
Bloomington	$1,661
Mankato	$1,387
St. Louis Park	$1,796
Edina	$1,862
St. Cloud	$1,157
Minnetonka	$1,923
Plymouth, MN	$1,706
Coon Rapids	$1,435
Brooklyn Park	$1,337
Fridley, MN	$1,486
Maple Grove, MN	$2,158
Blaine, MN	$1,666
Anoka, MN	$1,373
Brooklyn Center, MN	$1,327
New Brighton, MN	$1,347
Cambridge, MN	$1,504

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Elk River apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.