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 increased by 7% over the last month and have decreased by 23% 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
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 $1,410, whereas a house costs $2,645. 1-bedroom apartments in Elko New Market run $1,195 on average, while 2-bedroom apartments are $1,500.


Studio	$990	-	-
1 bedroom	$1,395	-	-
2 bedroom	$1,595	-	-
3 bedroom	$2,364	6%	-
4 bedroom	$3,499	25%	46%

				Listings
Apartments	$1,410	-	No Change
Houses	$2,645	17%	No Change

Studio

Average rent

$990

1 bedroom

Average rent

$1,395

2 bedroom

Average rent

$1,595

3 bedroom

Average rent

$2,364

Last 30 days

4 bedroom

Average rent

$3,499

Last 30 days

25%

Last year

46%

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$1,900

lower than the national median

Median rent price$2,082

higher than the national median

Takeaway

The median rent for all rentals in Elko New Market, MN is 9% lower than the median rent in Carver, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$2,082

$1,295

$1,799

$1,695

$1,625

$1,647

$1,595

$1,195

$1,775

$1,235

$1,400

$1,725

Discover rentals in Elko New Market, MN

5d+ ago

House for rent in Elko New Market

Beautiful 4-Bedroom Home in Quiet Elko New Market Neighborhood

10415 Ponds Way, Elko New Market, MN 55020

4 beds

3.5 baths

$2,995

House for rent

Available Jun 1

5d+ ago

Townhouse for rent in Elko New Market

Saint Andrews Drive, Elko New Market (9726) AB JS1 **TPO** - 1

9726 Saint Andrews Dr #1, Elko New Market, MN 55020

3 beds

3 baths

$2,395

$2,295

Price drop

House for rent

Available Jul 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 $1,900 per month as of May 30, 2026.

Is rent up or down in Elko New Market?

Average rent prices in Elko New Market have increased by 7% over the last month and have decreased by 23% since last year.

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

Rent in Elko New Market is 3% below the national average, which means renters are paying approximately $50 less 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 $76,000/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).