Elk River, MN rental market
Last updated October 2, 2025
Rental market summary
The average rent for all bedrooms and all property types in Elk River, MN is $1,495.
$1,495
-$800
-$600
19
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $800 to $6,990.
| Rent price | Number of rental properties |
|---|---|
| $700 | 1 |
| $800 | 1 |
| $900 | 1 |
| $1,000 | 2 |
| $1,100 | 3 |
| $1,200 | 3 |
| $1,400 | 4 |
| $1,800 | 1 |
| $1,900 | 1 |
| $2,200 | 1 |
| $2,400 | 2 |
| $2,600 | 1 |
| $2,700 | 1 |
| $3,300 | 1 |
| $5,000+ | 1 |
Average rent price over time
In the last year, rent has decreased by $600 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,543 | $2,100 |
| Feb | $2,095 | $2,100 |
| Mar | $1,619 | $1,894 |
| Apr | $1,950 | $1,795 |
| May | $1,795 | $2,100 |
| Jun | $1,950 | $1,875 |
| Jul | $1,849 | $2,350 |
| Aug | $1,800 | $2,195 |
| Sep | $1,676 | $2,295 |
| Oct | $1,669 | $1,499 |
| Nov | $2,050 | No data |
| Dec | $1,710 | No data |
Market temperature
The Elk River, MN rental market temperature is COOL. 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 27% lower than the national average.
$1,495
$2,040
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Frequently asked questions
1. What is the average rent in Elk River, MN?
The average rent in Elk River, MN is $1,495.
2. How much does it cost to rent a house in Elk River, MN?
Houses in Elk River, MN rent between $800 - $6,990 with an average rent of $1,495.
3. How has the rent in Elk River, MN changed in the last year?
In the last year, the rent in Elk River, MN decreased by $600
4. How much has the rent in Elk River, MN increased/decreased in the last month?
In the last month, the rent in Elk River, MN decreased by $800
5. How many available rentals are there in Elk River, MN?
There are currently 19 rentals available in Elk River, MN.
6. How do rent prices in Elk River, MN compare with the national average?
The average rent in Elk River, MN is $1,495 — 26.72% lower the national average of $2,040.