
Cheap Homes for Rent in Elba, MN from $300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Elba.


523 E 5th St

451 E 9th St

450 E 7th St

3619 10th Ln NW

362 Elton Hills Dr NW

502 8th St NW

1207 8th Ave SE
Elba, MN Local Guide

How much does it cost to rent a home in Elba?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elba 2 Bedroom Homes for Rent | $1,534 | $950 | $2,300 |
Elba 3 Bedroom Homes for Rent | $2,090 | $1,650 | $3,500 |
Elba 4 Bedroom Homes for Rent | $2,222 | $370 | $3,700 |
Elba 5 Bedroom Homes for Rent | $1,075 | $550 | $1,600 |
Browse Top Homes for Rent in Elba
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Elba, MN Local Guide
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Cheapest Available Elba Apartments for Rent and Nearby
 The cheapest available apartment rental in Elba, MN is a 1 Bed unit found at Key Broadway Apartments priced from $625. Lakeview Manor Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Elba apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Key Broadway Apartments | Garden View | 1BR,1BA | $625 |
Lakeview Manor Apartments | Studio | Studio,1BA | $725 |
River's Edge | One Bedroom | 1BR,1BA | $750 |
Best Value Apartments for Rent in Elba, MN and Nearby
As of March 24, 2025 the best value apartment in the Elba area is the $1.07 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 2 Bed, 2.5 Bath, Plus Den Model at Falcon Heights Townhomes starting at $2,200 with a $1.57 price per square foot in the East 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 | $1.07 |
Falcon Heights Townhomes | 2 Bed, 2.5 Bath, Plus Den | 2BR,2.5BA | $1.57 |
Fairway Woods Apartments | Two Bedroom | 2BR,1BA | $1.13 |
Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.30 |
River Glen | 1 Bedroom | 1BR,1BA | $1.22 |
The Midtown Apartments | Two Bed One Bath | 2BR,1BA | $1.43 |
Olympik Village Apartments | Zeus | 1BR,1BA | $1.23 |
River's Edge | One Bedroom | 1BR,1BA | $1.11 |
Key Broadway Apartments | Garden View | 1BR,1BA | $1.04 |
Lakeview Manor Apartments | Studio | Studio ,1BA | $1.61 |
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Frequently Asked Questions about Elba
What type of rentals are currently available in Elba?
There are currently 36 Apartments for Rent in Elba, MN with pricing that ranges from $400 to $3,300. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elba ranging from $370 to $3,700.
What is the current price range for Rental Homes in Elba?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elba ranges from $370 to $3,700 with an average monthly rent of $1,609.
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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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.