
Cheap Apartments for Rent in Elko, MN from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Elko.


Woodridge Apartments

Northfield Estates

Hidden Valley Apartments

Kraewood Flats

Centennial & Heritage Apartments

703 SW Delaware St
Elko, MN Local Guide

How much does it cost to rent an apartment in Elko?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elko Studio Apartments | $1,402 | $1,060 | $2,060 |
Elko 1 Bedroom Apartments | $1,547 | $631 | $2,671 |
Elko 2 Bedroom Apartments | $1,896 | $935 | $3,769 |
Elko 3 Bedroom Apartments | $2,345 | $1,573 | $4,178 |
Elko 4 Bedroom Apartments | $2,500 | $2,500 | $2,500 |
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Elko, MN Local Guide
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Cheapest Available Elko Apartments for Rent and Nearby
 The cheapest available apartment rental in Elko, MN is a 1 Bed unit found at Woodridge Apartments in the Green Meadows neighborhood priced from $900. Northfield Estates in the Wood Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $935. Here is today’s list of the most affordable Elko apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $900 |
Northfield Estates | COMING SOON | 2BR,1BA | $935 |
Centennial & Heritage Apartments | 1 bedroom | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Elko, MN and Nearby
As of March 25, 2025 the best value apartment in the Elko area is the $1.59 price per square foot 3BR/2.0BA Model at The Village at Five Hawks in the in the Downtown Prior Lake neighborhood starting from $1,895. The second greatest value Elko apartment is the Willow A Model at Lakeville Woods starting at $1,764 with a $1.67 price per square foot in the Donnelly Farm neighborhood. Here is today’s list of the best values for Elko apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Village at Five Hawks | 3BR/2.0BA | 3BR,2BA | $1.59 |
Lakeville Woods | Willow A | 1BR,1BA | $1.67 |
Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.47 |
Dundas Apartments | 2 bed, 1 bath | 2BR,1BA | $1.78 |
Maple Trails Apartments | ** COMING SOON ** | 2BR,1BA | $1.61 |
Centennial & Heritage Apartments | 1 bedroom | 1BR,1BA | $1.41 |
Creekside Commons Apartments | 0BR/1.0BA | Studio ,1BA | $1.62 |
The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1.60 |
Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $1.34 |
Northfield Estates | 1 Bedroom | 1BR,1BA | $1.58 |
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Frequently Asked Questions about Cheap Elko Apartments
What is the Cheapest Studio apartment in Elko?
Currently the most affordable Cheap Studio Apartment in Elko is at Creekside Commons Apartments listed at $1,285.
How much is rent for a Cheap One Bedroom Elko Apartment?
The lowest price for a Cheap One Bedroom Elko Apartment is $900 at Woodridge Apartments.
What is the lowest price for a Cheap Two Bedroom Elko Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elko is starting from $935 at Northfield Estates.
What is the most affordable Elko Three Bedroom Apartment?
The best deal on a cheap Elko Three Bedroom Apartment rental is at The Grainwood Senior Apartments and starts from $1,860.
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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.