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Studio Apartments for Rent in Anoka, MN

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  • /20

    Starting at $1,040

    Total Monthly Price

    • Studio - 2 Beds

    820 W Main St, Anoka, MN 55303

    ** Fill out our FREE application now and take the first step towards securing your dream home! ***Unit pricing based on availability. Contact our Leasing Team today to learn more. Restrictions Apply.*Welcome Home.Discover charming studio, 1, and 2-bedroom apartments at Rainbow Plaza in Anoka, MN. Each unit features spacious closets, efficient appliances, and select units

    Rainbow Plaza Apartments

    820 W Main St, Anoka, MN 55303
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    Starting at $900 Plus Fees

    • Studio - 2 Beds

    2625 9th Ln, Anoka, MN 55303

    We are a 24-unit apartment building conveniently located between Round Lake Boulevard and 7th Avenue, close to shopping, schools and Highway 10. We offer garages, off-street parking and on-site storage units are available.

    Elmwood Apartments

    2625 9th Ln, Anoka, MN 55303

Why Live in Anoka

Anoka, Minnesota, provides historic charms along the Mississippi and Rum rivers north of the Twin Cities. Known as the "Halloween Capital of the World," Anoka hosts a month-long festival with parades, costume contests and haunted house competitions. People can visit numerous riverfront green spaces, including Rivers' Bend Park, Mississippi River Community Park and John Ward Park, which have activities like fishing and boating. The Rum River Regional Trail runs about 4 miles and connects with the expansive Mississippi River Regional Trail, providing scenic jogging and biking paths. The city is filled with bungalows, ramblers, Cape Cod homes and New Traditional houses. The city is served by the highly rated Anoka-Hennepin Schools, including Anoka High School, known for its STEAM program. St. Stephen's Catholic School is a nearby private option. Anoka's downtown area is vibrant and walkable, with restaurants like Serum's Good Time Emporium, 201 Tavern, Ambi Wine Bar, Sparky's Cafe and Herban Wolf Deli, a sandwhich shop with a rotating menu. There are also shops like Avant Garden Bookstore and TimeFrames, which sells vintage clothing and other goods. Minneapolis is about 20 miles away and Saint Paul is roughly 25 miles out.

Frequently Asked Questions

How much does it cost to rent a home in Anoka, MN?
The median rent for a home in Anoka, MN is $2,375 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Anoka, MN?
To comfortably afford the median rent in Anoka, MN, a household needs to earn roughly $95,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,375 per month in Anoka, MN, renters typically need to show $7,125 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Anoka, MN?
In Anoka, MN, the price-to-rent ratio is 13.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,375
Median Single Family Home Rent
$2,697
Median Townhouse Rent
$2,150
Median Condo Rent
$1,198
How to Rent a Home