Studio Apartment Rent in Elk River, MN
Median asking rent for a studio apartment in Elk River, Minnesota as of July 2026. That's +48% lower than the citywide median of $2,129 and +15% below the national studio median of $1,290.
Income needed for a studio 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 studio 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 studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Winona | $700 |
| 2 | Moorhead | $710 |
| 3 | Austin | $720 |
| 4 | Owatonna | $730 |
| 5 | Bemidji | $800 |
| 6 | Duluth | $848 |
| 7 | Waite Park | $890 |
| 8 | Saint Cloud | $940 |
| 9 | Rochester | $1,010 |
| 10 | Mankato | $1,030 |
| 11 | Anoka | $1,050 |
| 12 | Northfield | $1,060 |
| 13 | South Saint Paul | $1,060 |
| 14 | Saint Michael | $1,080 |
| 15 | Columbia Heights | $1,090 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 2 of these cities have cheaper studio rents than Elk River.
| City | Distance | Studio rent | vs Elk River |
|---|---|---|---|
| Ramsey, MN | 10 mi | $1,170 | +$70 (+6%) |
| Rogers, MN | 11 mi | $1,320 | +$220 (+20%) |
| Saint Michael, MN | 11.8 mi | $1,080 | $-20 (-2%) |
| Maple Grove, MN | 16.4 mi | $1,600 | +$500 (+45%) |
| Champlin, MN | 16.7 mi | $1,360 | +$260 (+24%) |
| Monticello, MN | 18.9 mi | $1,180 | +$80 (+7%) |
| Anoka, MN | 20.2 mi | $1,050 | $-50 (-5%) |
| Brooklyn Park, MN | 20.7 mi | $1,495 | +$395 (+36%) |
| Coon Rapids, MN | 21 mi | $1,325 | +$225 (+20%) |
| Plymouth, MN | 22.7 mi | $1,495 | +$395 (+36%) |
| New Hope, MN | 22.7 mi | $1,100 | — |
| Brooklyn Center, MN | 26 mi | $1,180 | +$80 (+7%) |
Studio rent in Elk River — common questions
How much is a studio apartment in Elk River?
As of July 2026, the median studio apartment rent in Elk River, Minnesota is $1,100 per month. This is +48% below the citywide median of $2,129.
What income do you need to afford a studio in Elk River?
Using the standard 30% rent-to-income rule, you would need an annual income of about $44,000 ($3,667/month gross), which works out to roughly $21.15/hour at a full-time job.
Is Elk River expensive for a studio compared to the rest of the US?
Elk River's studio median of $1,100 is +15% below the national studio median of $1,290. It ranks in the 35th percentile of US cities tracked.
How does Elk River rank for studio rent in Minnesota?
Among the 63 cities in Minnesota with studio data, Elk River ranks #16 from cheapest to most expensive.
Are there cheaper studio options near Elk River?
Yes — nearby cities with cheaper studio rents include Saint Michael ($1,080), Anoka ($1,050).