Cheap Apartments for Rent in Elgin, MN from $700 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Elgin.

close
View Me
The Riverview
1 to 3 Bedroom Apartments

The Riverview

211 1st St NERochester, MN 55906
  • Utilities Inc.

Elgin, MN Local Guide

Cheapest Available Elgin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elgin, MN is a 1 Bed unit found at The Gates of Rochester in the North Rochester neighborhood priced from $890. Olympik Village Apartments in the North Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Gates of RochesterCarlyle1BR,1BA$890
Olympik Village ApartmentsZeus1BR,1BA$900
River Glen1 Bedroom1BR,1BA$975
EastGate ApartmentsA1-701BR,1BA$975
Bryk on BroadwayStudio - Type 2 - 50%Studio,1BA$1,032
Essex PlaceOne Bedroom - Finch1BR,1BA$1,067
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,075
Georgetowne Homes2 Bedroom2BR,2BA$1,170
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,200
Silver Lake CrossingRivetStudio,1BA$1,250

Best Value Apartments for Rent in Elgin, MN and Nearby

As of March 10, 2025 the best value apartment in the Elgin 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 Elgin 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 Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.10
Falcon Heights Townhomes2 Bed, 2.5 Bath Plus Den3BR,2.5BA$1.57
Georgetowne Homes3 Bedroom3BR,2BA$1.18
Avani LivingTwo Bedroom A2BR,2BA$1.43
Kascade Place ApartmentsSalem 2B/B N2BR,2BA$1.59
TwentyFirst Ave3 Bedrooms 1 Bathroom3BR,1BA$1.46
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.30
Essex PlaceOne Bedroom - Finch1BR,1BA$1.42
The Gates of RochesterCarlyle1BR,1BA$1.25
Olympik Village ApartmentsZeus1BR,1BA$1.29

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elgin, MN Rentals by Map

View MapElgin, MN Apartments MapView MapElgin, MN Rental Homes Map

Getting Around Elgin, MN

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Elgin Apartments

What is the Cheapest Studio apartment in Elgin?

Currently the most affordable Cheap Studio Apartment in Elgin is at Bryk on Broadway listed at $1,032.

How much is rent for a Cheap One Bedroom Elgin Apartment?

The lowest price for a Cheap One Bedroom Elgin Apartment is $890 at The Gates of Rochester.

What is the lowest price for a Cheap Two Bedroom Elgin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elgin is starting from $995 at Olympik Village Apartments.

What is the most affordable Elgin Three Bedroom Apartment?

The best deal on a cheap Elgin Three Bedroom Apartment rental is at Essex Place and starts from $1,156.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.