Average Rent in Elko New Market, MN and Rent Price Trends

Rent trends in Elko New Market, MN

Average rent prices in Elko New Market have remained the same over the last month.

Rent trends

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

Compare rent prices in
Elko New Market, MN

Rent prices in Elko New Market vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Elko New Market is $1,360, whereas a house costs $2,595. 1-bedroom apartments in Elko New Market run $990 on average, while 2-bedroom apartments are $1,599.


Studio	$1,195	-	-
1 bedroom	$995	-	-
2 bedroom	$1,575	-	-
3 bedroom	$2,075	3%	-
4 bedroom	$3,395	4%	-

				Listings
Apartments	$1,360	-	No Change
Houses	$2,595	1%	No Change

Studio

Average rent

$1,195

1 bedroom

Average rent

$995

2 bedroom

Average rent

$1,575

3 bedroom

Average rent

$2,075

Last 30 days

4 bedroom

Average rent

$3,395

Last 30 days

The table above reflects average rent prices in Elko New Market, 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 Elko New Market, MN compare to other cities?

Compare median rent prices in Elko New Market and Carver by all bedroom counts and property types.

Elko New Market

Median rent price$2,295

18%

higher than the national median

Median rent price$2,055

higher than the national median

Takeaway

The median rent for all rentals in Elko New Market, MN is 12% higher than the median rent in Carver, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$2,055

$1,250

$1,550

$1,675

$1,695

$1,625

$1,685

$1,450

$1,749

$1,250

$1,362

$1,902

Discover rentals in Elko New Market, MN

New construction

5d+ ago

House for rent in Elko New Market

Dorthy Lane, Elko New Market (1123) JP KZ1 - 1

1123 Dorthy Ln #1, Elko New Market, MN 55054

4 beds

3 baths

$2,650

House for rent

Available Oct 1

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Frequently asked questions for Elko New Market, MN

Quick answers to common questions about the Elko New Market rental market.

How much is rent in Elko New Market?

The average rent in Elko New Market is $2,295 per month as of July 18, 2026.

Is rent up or down in Elko New Market?

Average rent prices in Elko New Market have remained the same over the last month.

How does Elko New Market rent compare to the national average?

Rent in Elko New Market is 18% above the national average, which means renters are paying approximately $350 more per month.

What salary do I need to afford rent in Elko New Market?

To comfortably afford rent in Elko New Market, you'd need to earn approximately $92,000/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).