Elko New Market, MN rental market
Last updated August 8, 2025
Rental market summary
The average rent for all bedrooms and all property types in Elko New Market, MN is $1,640.
$1,640
$0
-$240
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,350 to $2,599.
| Rent price | Number of rental properties |
|---|---|
| $1,600 | 1 |
| $2,600+ | 1 |
Average rent price over time
In the last year, rent has decreased by $240 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Feb | $2,100 | $2,200 |
| Mar | $2,200 | $1,689 |
| Apr | $2,200 | $1,663 |
| May | $1,920 | $1,640 |
| Jun | $1,920 | $1,640 |
| Jul | $1,920 | $1,640 |
| Aug | $1,880 | $1,640 |
| Sep | $1,880 | $1,640 |
| Oct | $1,880 | No data |
| Nov | $1,863 | No data |
| Dec | $2,200 | No data |
Market temperature
The Elko New Market, MN rental market temperature is HOT. 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 Elko New Market, MN is 22% lower than the national average.
$1,640
$2,100
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Frequently asked questions
1. What is the average rent in Elko New Market, MN?
The average rent in Elko New Market, MN is $1,640.
2. How much does it cost to rent a house in Elko New Market, MN?
Houses in Elko New Market, MN rent between $1,350 - $2,599 with an average rent of $1,640.
3. How has the rent in Elko New Market, MN changed in the last year?
In the last year, the rent in Elko New Market, MN decreased by $240
4. How much has the rent in Elko New Market, MN increased/decreased in the last month?
In the last month, the rent in Elko New Market, MN did not change.
5. How many available rentals are there in Elko New Market, MN?
There are currently 2 rentals available in Elko New Market, MN.
6. How do rent prices in Elko New Market, MN compare with the national average?
The average rent in Elko New Market, MN is $1,640 — 21.9% lower the national average of $2,100.