Homes & Apartments for Rent in Elk River, MN

1-11 of 11 rentals
Viewing 1-11 of 11 rentals in Elk River
What to Know About

Life in Elk River & Beyond

Elk River shares many of the great qualities that make Minnesota a desirable place to live.

Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Elk River, MN

As of June 2026, Elk River's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Elk River's average rent is 1.9% ($30) higher than the Minnesota average of $1,539 and 12.7% ($228) lower than the U.S. average of $1,797.

Average Rent
$1,569
Monthly ChangeMonth Over Month Change
Increased0.4% ($7)
Yearly ChangeYear Over Year Change
Increased4.6% ($69)
Avg. Days on MarketAverage Days on Market
46
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,429 Decreased2% ($29) Increased7.2% ($96)
2 Beds $1,622 Decreased1% ($16) Increased2% ($32)
3 Beds $1,975 Increased4.6% ($87) Increased11% ($195)
Nearby Cities Average Rent Avg. Rent vs. Elk RiverAverage Rent vs. Elk River Avg. Days on MarketAverage Days on Market
Albertville $2,207 Increased40.7% ($638) 43 days
Big Lake $1,567 Decreased0.1% ($2) 40 days
Zimmerman $1,651 Increased5.2% ($82) 46 days
Saint Michael $1,869 Increased19.1% ($300) 47 days
Anoka $1,604 Increased2.2% ($35) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Elk River Rental Market FAQs

Explore rental prices, market trends, and availability in Elk River, MN.

The average rent in Elk River, MN is $1,569 per month.
Homes in Elk River typically rent for between $1,000 and $2,568 per month, with an average of $1,569 per month.
In Elk River, the average rent for a 1-bedroom home is $1,429 per month, for a 2-bedroom home, $1,622 per month, and a 3-bedroom home is $1,975 per month.
The average rent in Elk River is 12.7% ($228) lower than the national average of $1,797 per month.
The average rent in Elk River has increased by 0.4% ($7) in the last month and increased by 4.6% ($69) over the past year.
The rental market in Elk River, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Elk River, MN, the average rental stays on the market for approximately 46 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Elk River, MN.
Based on the current averages, a household would need an annual income of $64,880 to comfortably afford a 2-bedroom home in Elk River.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.

Was this page helpful?  HelpfulUnhelpful