3-Bedroom Apartment Rent in Elk River, MN
Median asking rent for a 3-bedroom apartment in Elk River, Minnesota as of October 2026. That's +6% higher than the citywide median of $1,903 and +5% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Albert Lea | $1,200 |
| 2 | Winona | $1,200 |
| 3 | Bemidji | $1,320 |
| 4 | Austin | $1,330 |
| 5 | Moorhead | $1,460 |
| 6 | Owatonna | $1,460 |
| 7 | Waite Park | $1,570 |
| 8 | Anoka | $1,666 |
| 9 | Duluth | $1,666 |
| 10 | Saint Cloud | $1,690 |
| 11 | Mankato | $1,750 |
| 12 | Victoria | $1,792 |
| 13 | Rochester | $1,918 |
| 14 | Buffalo | $1,970 |
| 15 | Northfield | $1,970 |
Most expensive cities for a 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,035 |
| 2 | Maple Grove | $2,935 |
| 3 | Eden Prairie | $2,890 |
| 4 | Wayzata | $2,865 |
| 5 | Lakeville | $2,850 |
| 6 | Cottage Grove | $2,840 |
| 7 | Edina | $2,797 |
| 8 | Blaine | $2,775 |
| 9 | Brooklyn Park | $2,750 |
| 10 | Plymouth | $2,748 |
| 11 | Savage | $2,700 |
| 12 | Rosemount | $2,700 |
| 13 | Minnetonka | $2,665 |
| 14 | Saint Louis Park | $2,545 |
| 15 | Apple Valley | $2,540 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 3-bedroom rents than Elk River.
| City | Distance | 3-Bedroom rent | vs Elk River |
|---|---|---|---|
| Ramsey, MN | 10 mi | $2,160 | +$140 (+7%) |
| Rogers, MN | 11 mi | $2,420 | +$400 (+20%) |
| Saint Michael, MN | 11.8 mi | $1,980 | $-40 (-2%) |
| Maple Grove, MN | 16.4 mi | $2,935 | +$915 (+45%) |
| Champlin, MN | 16.7 mi | $2,500 | +$480 (+24%) |
| Monticello, MN | 18.9 mi | $2,170 | +$150 (+7%) |
| Anoka, MN | 20.2 mi | $1,666 | $-354 (-18%) |
| Brooklyn Park, MN | 20.7 mi | $2,750 | +$730 (+36%) |
| Coon Rapids, MN | 21 mi | $2,445 | +$425 (+21%) |
| Buffalo, MN | 22.4 mi | $1,970 | $-50 (-2%) |
| Plymouth, MN | 22.7 mi | $2,748 | +$728 (+36%) |
| New Hope, MN | 22.7 mi | $2,020 | — |
3-Bedroom rent in Elk River — common questions
How much is a 3-bedroom apartment in Elk River?
As of October 2026, the median 3-bedroom apartment rent in Elk River, Minnesota is $2,020 per month. This is +6% higher than the citywide median of $1,903.
What income do you need to afford a 3-bedroom in Elk River?
Using the standard 30% rent-to-income rule, you would need an annual income of about $80,800 ($6,733/month gross), which works out to roughly $38.85/hour at a full-time job.
Is Elk River expensive for a 3-bedroom compared to the rest of the US?
Elk River's 3-bedroom median of $2,020 is +5% below the national 3-bedroom median of $2,130. It ranks in the 44th percentile of US cities tracked.
How does Elk River rank for 3-bedroom rent in Minnesota?
Among the 66 cities in Minnesota with 3-bedroom data, Elk River ranks #19 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Elk River?
Yes — nearby cities with cheaper 3-bedroom rents include Saint Michael ($1,980), Anoka ($1,666), Buffalo ($1,970).