2-Bedroom Apartment Rent in Elk River, MN
Median asking rent for a 2-bedroom apartment in Elk River, Minnesota as of July 2026. That's +29% lower than the citywide median of $2,129 and +8% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Elk River
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Elk River
Compare Elk River's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Winona | $950 |
| 2 | Moorhead | $1,040 |
| 3 | Owatonna | $1,040 |
| 4 | Austin | $1,050 |
| 5 | Bemidji | $1,090 |
| 6 | Waite Park | $1,200 |
| 7 | Duluth | $1,236 |
| 8 | Mankato | $1,250 |
| 9 | Saint Cloud | $1,273 |
| 10 | Victoria | $1,273 |
| 11 | Rochester | $1,368 |
| 12 | Anoka | $1,401 |
| 13 | Northfield | $1,460 |
| 14 | South Saint Paul | $1,460 |
| 15 | Saint Michael | $1,490 |
Most expensive cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $2,280 |
| 2 | Maple Grove | $2,205 |
| 3 | Eden Prairie | $2,170 |
| 4 | Lakeville | $2,140 |
| 5 | Cottage Grove | $2,130 |
| 6 | Edina | $2,100 |
| 7 | Blaine | $2,085 |
| 8 | Brooklyn Park | $2,065 |
| 9 | Plymouth | $2,063 |
| 10 | Savage | $2,030 |
| 11 | Rosemount | $2,030 |
| 12 | Minnetonka | $2,000 |
| 13 | Wayzata | $1,924 |
| 14 | Saint Louis Park | $1,910 |
| 15 | Apple Valley | $1,910 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 2-bedroom rents than Elk River.
| City | Distance | 2-Bedroom rent | vs Elk River |
|---|---|---|---|
| Ramsey, MN | 10 mi | $1,620 | +$100 (+7%) |
| Rogers, MN | 11 mi | $1,820 | +$300 (+20%) |
| Saint Michael, MN | 11.8 mi | $1,490 | $-30 (-2%) |
| Maple Grove, MN | 16.4 mi | $2,205 | +$685 (+45%) |
| Champlin, MN | 16.7 mi | $1,880 | +$360 (+24%) |
| Monticello, MN | 18.9 mi | $1,630 | +$110 (+7%) |
| Anoka, MN | 20.2 mi | $1,401 | $-119 (-8%) |
| Brooklyn Park, MN | 20.7 mi | $2,065 | +$545 (+36%) |
| Coon Rapids, MN | 21 mi | $1,835 | +$315 (+21%) |
| Plymouth, MN | 22.7 mi | $2,063 | +$543 (+36%) |
| New Hope, MN | 22.7 mi | $1,520 | — |
| Wayzata, MN | 25.4 mi | $1,924 | +$404 (+27%) |
2-Bedroom rent in Elk River — common questions
How much is a 2-bedroom apartment in Elk River?
As of July 2026, the median 2-bedroom apartment rent in Elk River, Minnesota is $1,520 per month. This is +29% below the citywide median of $2,129.
What income do you need to afford a 2-bedroom in Elk River?
Using the standard 30% rent-to-income rule, you would need an annual income of about $60,800 ($5,067/month gross), which works out to roughly $29.23/hour at a full-time job.
Is Elk River expensive for a 2-bedroom compared to the rest of the US?
Elk River's 2-bedroom median of $1,520 is +8% below the national 2-bedroom median of $1,655. It ranks in the 41th percentile of US cities tracked.
How does Elk River rank for 2-bedroom rent in Minnesota?
Among the 65 cities in Minnesota with 2-bedroom data, Elk River ranks #17 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Elk River?
Yes — nearby cities with cheaper 2-bedroom rents include Saint Michael ($1,490), Anoka ($1,401).