Elk River, MN rental market
What is the average rent in Elk River, MN?
Last updated August 9, 2026
Rental market summary
The average rent for all bedrooms and all property types in Elk River, MN is $1,535.
Average rent
$1,535
Month-over-month change
-$292
Year-over-year change
-$565
Available rentals
19
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $700 to $2,995.
| Rent price | Number of rental properties |
|---|---|
| $600 | 1 |
| $700 | 1 |
| $1,000 | 1 |
| $1,100 | 1 |
| $1,200 | 3 |
| $1,300 | 3 |
| $1,400 | 2 |
| $1,500 | 3 |
| $1,700 | 1 |
| $1,900 | 2 |
| $2,100 | 1 |
| $2,200 | 1 |
| $2,700 | 1 |
| $2,800 | 1 |
| $2,900 | 2 |
| $3,000+ | 1 |
Average rent price over time
In the last year, rent has decreased by $565 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $2,100 | $1,484 |
| Feb | $2,100 | $1,797 |
| Mar | $1,894 | $1,858 |
| Apr | $1,795 | $1,644 |
| May | $2,100 | $1,755 |
| Jun | $1,875 | $1,554 |
| Jul | $2,350 | $1,728 |
| Aug | $2,195 | $1,509 |
| Sep | $2,295 | No data |
| Oct | $1,499 | No data |
| Nov | $1,466 | No data |
| Dec | $1,830 | No data |
Market temperature
The Elk River, MN rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Elk River, MN is 23% lower than the national average.
$1,535
$2,004
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Frequently asked questions
1. What is the average rent in Elk River, MN?
2. What is the average rent for a studio apartment in Elk River, MN?
3. What is the average rent for a one-bedroom apartment in Elk River, MN?
4. What is the average rent for a two-bedroom apartment in Elk River, MN?
5. What is the average rent for a three-bedroom apartment in Elk River, MN?
6. What is the average rent for a four-bedroom apartment in Elk River, MN?
7. How much does it cost to rent a house in Elk River, MN?
8. How has the rent in Elk River, MN changed in the last year?
9. How much has the rent in Elk River, MN increased/decreased in the last month?
10. How many available rentals are there in Elk River, MN?
11. How do rent prices in Elk River, MN compare with the national average?
Nearby areas
Zip codes in Elk River, MN
