9

Studio Apartments for Rent in Elk River, MN

Section Image
  • /25

    Starting at $1,245 Plus Fees

    • Studio - 2 Beds

    17350 Zane St NW, Elk River, MN 55330

    The Delta Apartments opening Summer of 2023! Great value! Pricing includes an underground parking spot per unit and high speed internet! Units feature stainless steel appliances, LED lighting, quartz countertops, central air, LVP hardwood flooring, spacious floor plans and 9' ceilings. Building features include secured access through a cell phone application, underground parking, building camera

    The Delta Apartments

    (763) 225-2827

    17350 Zane St NW, Elk River, MN 55330
  • /20

    Starting at $1,189

    Total Monthly Price

    • Studio - 3 Beds

    725 6th St NW, Elk River, MN 55330

    Jackson Hills is an apartment building located in Elk River, an area known for its variety of outdoor and indoor activities, as well as its vibrant art scene. The property is situated next to Elk River High School and is within walking distance of dining and shopping options. Lions Park, a 34-acre space with ball fields, grilling stations, disc golf, picnic areas, and a playground, is also

    Jackson Hills Apartments

    (763) 247-2684

    725 6th St NW, Elk River, MN 55330
  • /5

    Starting at $845 Plus Fees

    • Studio - 1 Bed

    17432 Zane St NW, Elk River, MN 55330

    Apartments with month to month leasing for rent with all utilities included. There is a community kitchen and lounge area available.

    Elk River Lodge and Apartments

    (320) 345-3578

    17432 Zane St NW, Elk River, MN 55330

Why Live in Elk River

Elk River, Minnesota, known as "Energy City," is situated on the outskirts of Minneapolis and boasts a blend of historic charm and modern sustainability. The city is marked by its iconic 1920s-era water tower and has grown significantly over the past 40 years, now home to 26,000 residents. Housing options range from new subdivisions with custom-designed homes to restored early 20th-century farmhouses, with many properties featuring large lots. The city spans nearly 44 square miles, with housing concentrated in the southern half. Independent School District 728 serves over 14,000 students and is highly rated, particularly for its math education. Elk River offers a variety of things to do, including over 40 public parks and walking trails, such as the expansive Woodlands Trails Regional Park, which hosts winter walks and features an archery range and golf club. The Furniture and Things Community Event Center provides indoor ice arenas and turf fields, while Orono Park offers a splash pad and fishing piers. The historic downtown area contrasts with modern shopping plazas like Elk Park Center, featuring big-box retailers and local diners. Community events are frequent, with weekly farmers markets and outdoor concerts in the summer. Elk River is well-connected, with U.S. Highway 169 and the Northstar Commuter Line providing easy access to Minneapolis, 33 miles away. Crime rates have dropped by nearly 20% between 2021 and 2022, with most incidents involving non-violent crimes. The city also utilizes the Neighbors Public Safety Service app to enhance community safety.

Frequently Asked Questions

How much does it cost to rent a home in Elk River, MN?
The median rent for a home in Elk River, MN is $2,072 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while 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 $82,880 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 $2,072 per month in Elk River, MN, renters typically need to show $6,216 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 16.5, 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 Trends in Elk River, MN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$2,072
Median Single Family Home Rent
$2,200
Median Condo Rent
$1,300
How to Rent a Home