Cheap Apartments for Rent in Elba, MN from $400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Elba.

Key Broadway Apartments

Lakeview Manor Apartments

Fairway Woods Apartments

Golfview Crossing Apartments

Olympik Village Apartments
Elba, MN Local Guide

How much does it cost to rent an apartment in Elba?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elba Studio Apartments | $1,333 | $525 | $1,590 |
Elba 1 Bedroom Apartments | $1,473 | $400 | $3,095 |
Elba 2 Bedroom Apartments | $1,900 | $650 | $4,200 |
Elba 3 Bedroom Apartments | $1,872 | $1,130 | $3,300 |
Browse Top Apartments in Elba
See all Apartments in ElbaExplore Elba
Elba, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Elba Apartments for Rent and Nearby
 The cheapest available apartment rental in Elba, MN is a 1 Bed unit found at River's Edge priced from $550. Key Broadway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Elba apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
River's Edge | One Bedroom | 1BR,1BA | $550 |
Key Broadway Apartments | Garden View | 1BR,1BA | $625 |
Lakeview Manor Apartments | Studio | Studio,1BA | $725 |
Olympik Village Apartments | Zeus | 1BR,1BA | $900 |
Fairway Woods Apartments | One Bedroom | 1BR,1BA | $929 |
Best Value Apartments for Rent in Elba, MN and Nearby
As of February 27, 2025 the best value apartment in the Elba area is the $1.10 price per square foot 2BR Model at Broadway Plaza - Mayo Clinic in the in the Meadow Park neighborhood starting from $1,700. The second greatest value Elba apartment is the 3 Bedroom Model at River Glen starting at $1,625 with a $1.16 price per square foot in the North Rochester neighborhood. Here is today’s list of the best values for Elba apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.10 |
River Glen | 3 Bedroom | 3BR,2BA | $1.16 |
Avani Living | Two Bedroom A | 2BR,2BA | $1.43 |
Golfview Crossing Apartments | Two Bedroom | 2BR,1BA | $1.07 |
Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.30 |
Fairway Woods Apartments | One Bedroom | 1BR,1BA | $1.21 |
Olympik Village Apartments | Zeus | 1BR,1BA | $1.29 |
River's Edge | One Bedroom | 1BR,1BA | $0.81 |
Key Broadway Apartments | Garden View | 1BR,1BA | $1.04 |
Lakeview Manor Apartments | Studio | Studio ,1BA | $1.61 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elba, MN Rentals by Map
See the most popular apartments and homes in Elba, MN
Getting Around Elba, MN
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
1 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elba Apartments
What is the Cheapest Studio apartment in Elba?
Currently the most affordable Cheap Studio Apartment in Elba is at Lakeview Manor Apartments listed at $725.
How much is rent for a Cheap One Bedroom Elba Apartment?
The lowest price for a Cheap One Bedroom Elba Apartment is $550 at River's Edge.
What is the lowest price for a Cheap Two Bedroom Elba Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elba is starting from $650 at River's Edge.
What is the most affordable Elba Three Bedroom Apartment?
The best deal on a cheap Elba Three Bedroom Apartment rental is at Fairway Woods Apartments and starts from $1,130.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.