Last updated on September 6, 2026

Average rent in
Elk River, MN

Median rent

Median rent in Elk River

$1,620/mo

increased by5%

vs previous year

The average rent in Elk River is $1,620 per month as of September 2026. This is 15% below the national average rent, or $280 less per month.

$1.63

average price per square foot

Total rentals

Available rentals in Elk River

12

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Elk River rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Elk River, MN, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Elk River, MN

Average rent prices in Elk River have increased by 4% over the last month and have increased by 5% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Elk River, MN

Rent prices in Elk River vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Elk River is $1,562, whereas a house costs $2,272. 1-bedroom apartments in Elk River run $1,452 on average, while 2-bedroom apartments are $1,705.

Listings

Studio

$1,505

1%

29%

1 bedroom

$1,515

3%

3%

2 bedroom

$1,658

No Change

1%

3 bedroom

$2,100

1%

9%

4 bedroom

$2,900

3%

16%

Studio

Average rent

$1,505

Last 30 days

1%

Last year

29%

1 bedroom

Average rent

$1,515

Last 30 days

3%

Last year

3%

2 bedroom

Average rent

$1,658

Last 30 days

No Change

Last year

1%

3 bedroom

Average rent

$2,100

Last 30 days

1%

Last year

9%

4 bedroom

Average rent

$2,900

Last 30 days

3%

Last year

16%

The table above reflects average rent prices in Elk River, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Elk River, MN compare to other cities?

Compare median rent prices in Elk River and Andover by all bedroom counts and property types.

Elk River

Median rent price$1,620
decreased by15%

lower than the national median

Median rent price$1,515
decreased by20%

lower than the national median

Takeaway

The median rent for all rentals in Elk River, MN is 7% higher than the median rent in Andover, MN.

Discover rentals in Elk River, MN

3d ago

7.9

Very good

1860 Meadowvale Road Northwest

1860 Meadowvale Rd Nw, Elk River, MN 55330

2 beds

1 bath

$1,275

Apartment for rent

Lake Orono Estates - Photo 1 of 1

2d ago

8.3

Very good

Lake Orono Estates

18594 Gary St Nw, Elk River, MN 55330

2 beds

1 bath

$1,300

Apartment for rent

Call

4d ago

7.8

Very good

365 Baldwin Ave NW

365 Baldwin Ave Nw, Elk River, MN 55330

2 beds

1 bath

$1,300

Apartment for rent

11966 192nd Ave Nw #11966 - Photo 1 of 1

5d+ ago

House for rent in Elk River

3 beds

1 bath

$1,950

House for rent

Available Oct 1

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Elk River, MN

Quick answers to common questions about the Elk River rental market.

How much is rent in Elk River?

The average rent in Elk River is $1,620 per month as of September 5, 2026.

Is rent up or down in Elk River?

Average rent prices in Elk River have increased by 4% over the last month and have increased by 5% since last year.

How does Elk River rent compare to the national average?

Rent in Elk River is 15% below the national average, which means renters are paying approximately $280 less per month.

What salary do I need to afford rent in Elk River?

To comfortably afford rent in Elk River, you'd need to earn approximately $65,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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