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Elk River, MN Condos for Rent

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  • 365 Baldwin Ave NW Unit 201, Elk River, MN 55330
    365 Baldwin Ave NW Unit 201, Elk River, MN 55330
    365 Baldwin Ave NW Unit 201, Elk River, MN 55330
    /10

    $1,300 Plus Fees

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    365 Baldwin Ave NW Unit 201, Elk River, MN 55330

    Property Id: 2729563 Welcome to your new home at 365 Baldwin Ave NW #201 in beautiful Elk River, MN! This cozy 2-bedroom, 1-bathroom apartment offers 900 square feet of space, perfect for anyone looking for comfort and convenience. Step inside to a welcoming living area filled with natural light, featuring plush carpets that make it feel truly inviting. Each bedroom comes with ample

    365 Baldwin Ave NW Unit 201, Elk River, MN 55330
  • 942 Main St NW Unit 200, Elk River, MN 55330
    942 Main St NW Unit 200, Elk River, MN 55330
    942 Main St NW Unit 200, Elk River, MN 55330
    /8

    $1,500 Plus Fees

    • 2 Beds
    • 2 Baths
    • 988 Sq Ft
    • Condo for Rent

    942 Main St NW Unit 200, Elk River, MN 55330

    Property Id: 2713771 Move-In Ready Top-Floor 2 Bed / 2 Bath Condo in Historic Downtown Elk River Enjoy quiet living in this spacious top-floor 2-bedroom, 2-bath condo on Main Street in historic downtown Elk River. Walk to restaurants, coffee shops, parks, and local events while enjoying the privacy of a well-maintained 12-unit building. Features include a large primary bedroom with

    942 Main St NW Unit 200, Elk River, MN 55330
  • 365 Baldwin Ave NW Unit 101, Elk River, MN 55330
    365 Baldwin Ave NW Unit 101, Elk River, MN 55330
    365 Baldwin Ave NW Unit 101, Elk River, MN 55330
    /10

    $1,300 Plus Fees

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    365 Baldwin Ave NW Unit 101, Elk River, MN 55330

    Property Id: 2729486 Welcome to your new home at 365 Baldwin Ave NW #101, Elk River, MN! This cozy 2-bedroom apartment is the perfect blend of comfort and convenience. With 900 square feet of living space, it features a welcoming living room where you can unwind after a long day. Enjoy cooking in the well-designed kitchen equipped with ample countertop space and storage for all your

    365 Baldwin Ave NW Unit 101, Elk River, MN 55330
Minnesota Sherburne County

Condos for Rent in Elk River, MN

Frequently Asked Questions

How much does it cost to rent a condo in Elk River, MN?
The median rent for a condo in Elk River, MN is $1,300 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 Elk River, MN?
To comfortably afford the median rent in Elk River, MN, a household needs to earn roughly $79,800 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 $1,995 per month in Elk River, MN, renters typically need to show $5,985 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 Elk River, MN?
In Elk River, MN, the price-to-rent ratio is 17.1, 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.

Condo Rental Trends in Elk River, MN

There are currently 3 condos available for rent in Elk River, MN. The median rent is $1,300 per month, with 2-bedroom condos at $1,300.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$1,300
Median 2 Bedroom Condo Rent
$1,300
How to Rent a Home

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