
Cheap Apartments for Rent in Elizabeth, MN from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


Southmoor Apartments & Townhomes

Liberty Lights Apartments

Cedar Park Apartments

Courtyard Apartments on Belsly

Ridgeview Manor - Trail I and II

Riverside Apartments

Colonial Village Apartments

Spruce Place Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Carriage House Senior Apartments

Riverside Apartments

Center Street Apartments

South Shore Landing

The Colony

Broadway Apartments

Horizon Shores Estates

Courtyard Apartments

Westdale Apartments

Cascade Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

River Bluff Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

619 S Union Ave

1203 34th St Cir S
Elizabeth, MN Local Guide

How much does it cost to rent an apartment in Elizabeth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elizabeth Studio Apartments | $805 | $599 | $980 |
Elizabeth 1 Bedroom Apartments | $1,038 | $565 | $1,763 |
Elizabeth 2 Bedroom Apartments | $1,136 | $545 | $2,295 |
Elizabeth 3 Bedroom Apartments | $1,320 | $650 | $2,500 |
Elizabeth 4 Bedroom Apartments | $1,245 | $1,245 | $1,245 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
Elizabeth, MN Local Guide
- Nearby Cities
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Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, MN is a 2 Beds unit found at Prairie Park Fairmount Apartments priced from $545. Heritage Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $575. Here is today’s list of the most affordable Elizabeth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Prairie Park Fairmount Apartments | 2 Beds, 1 bath | 2BR,1BA | $545 |
Heritage Square | 1 Bed, 1 bath | 1BR,1BA | $575 |
Courtyard Apartments on Belsly | Studio | Studio,1BA | $660 |
Southmoor Apartments & Townhomes | 2 Bedroom 2 Bath | 2BR,2BA | $670 |
Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $765 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $795 |
Liberty Lights Apartments | 3 Bedroom | 3BR,1BA | $795 |
Cedar Park Apartments | 2 Bed 1 Bath | 2BR,1BA | $850 |
The Fairways | 1BR/1BA | 1BR,1BA | $950 |
Huntington Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $950 |
Best Value Apartments for Rent in Elizabeth, MN and Nearby
As of May 13, 2025 the best value apartment in the Elizabeth area is the $1.07 price per square foot 2 Bed 2 Bath | 1170sf Model at Eaglebrook Apartments in the in the Stone Bridge neighborhood starting from $1,250. The second greatest value Elizabeth apartment is the 2 Bedroom, 1 Bathroom Model at Waterstone Apartments starting at $1,050 with a $1.04 price per square foot . Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Eaglebrook Apartments | 2 Bed 2 Bath | 1170sf | 2BR,2BA | $1.07 |
Waterstone Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
River Bluff Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.01 |
Southmoor Apartments & Townhomes | 2 Bedroom 2 Bath | 2BR,2BA | $0.69 |
Prairie Park Fairmount Apartments | 3 Beds, 1 bath | 3BR,1BA | $0.67 |
Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $0.85 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.23 |
Cedar Park Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
Center Street Apartments | Wahp 2 bed | 2BR,1BA | $0.99 |
Liberty Lights Apartments | 3 Bedroom | 3BR,1BA | $0.99 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, MN Rentals by Map
See the most popular apartments and homes in Elizabeth, MN
Getting Around Elizabeth, MN
Walk Score®
23 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
22 / 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 Elizabeth Apartments
What is the Cheapest Studio apartment in Elizabeth?
Currently the most affordable Cheap Studio Apartment in Elizabeth is at Courtyard Apartments on Belsly listed at $660.
How much is rent for a Cheap One Bedroom Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Elizabeth Apartment is $575 at Heritage Square.
What is the lowest price for a Cheap Two Bedroom Elizabeth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elizabeth is starting from $545 at Prairie Park Fairmount Apartments.
What is the most affordable Elizabeth Three Bedroom Apartment?
The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Prairie Park Fairmount Apartments and starts from $650.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.