Average Rent in Elk River, MN and Rent Price Trends

Rent trends in Elk River, MN

Average rent prices in Elk River have remained the same over the last month and have increased by 13% 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 $1,605, whereas a house costs $2,495. 1-bedroom apartments in Elk River run $1,450 on average, while 2-bedroom apartments are $1,705.


Studio	$1,445	No Change	10%
1 bedroom	$1,450	1%	3%
2 bedroom	$1,760	4%	13%
3 bedroom	$2,272	8%	26%
4 bedroom	$2,725	2%	42%

				Listings
Apartments	$1,605	2%	7%
Houses	$2,495	10%	23%

Studio

Average rent

$1,445

Last year

10%

1 bedroom

Average rent

$1,450

Last 30 days

Last year

2 bedroom

Average rent

$1,760

Last 30 days

Last year

13%

3 bedroom

Average rent

$2,272

Last 30 days

Last year

26%

4 bedroom

Average rent

$2,725

Last 30 days

Last year

42%

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$1,662

13%

lower than the national median

Median rent price$1,359

28%

lower than the national median

Takeaway

The median rent for all rentals in Elk River, MN is 22% higher than the median rent in Andover, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,359

$1,299

$1,408

$1,179

$1,749

$1,770

$1,640

$1,525

$1,794

$1,885

$1,825

$1,250

Discover rentals in Elk River, MN

23h ago

7.8

Very good

365 Baldwin Ave NW

365 Baldwin Ave Nw, Elk River, MN 55330

2 beds

1 bath

$1,300

5d+ ago

9.3

Excellent

Verified

Lake Orono Estates

18594 Gary St Nw, Elk River, MN 55330

2 beds

1 bath

$1,300

Call

1d ago

8.5

Very good

Lionspark Apartments

1001 School St Nw, Elk River, MN 55330

2 beds

1–2 baths

$1,450–$1,495

1d ago

Verified

18923 Tyler St NW Elk River, MN 55330

18923 Tyler St Nw, Elk River, MN 55330

4 beds

2.5 baths

$2,475

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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 $1,662 per month as of October 17, 2026.

Is rent up or down in Elk River?

Average rent prices in Elk River have remained the same over the last month and have increased by 13% since last year.

How does Elk River rent compare to the national average?

Rent in Elk River is 13% below the national average, which means renters are paying approximately $238 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 $66,000/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).