Can A Registered Nurse Afford Rent in Elk River, MN?
Comfortably affordable — rent takes 23.2% of gross income.
Elk River rent: September 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a registered nurse salary
Rent is the single largest fixed cost most renters carry, and the rent-to-income ratio is the simplest measure of whether a city is livable on a given salary. For renters earning a typical registered-nurse income, the 30% rule supports about $2,360 a month in rent. That margin covers comfortable one-bedroom rent in the vast majority of US metros but tightens significantly in the highest-rent coastal cities, where rent can claim 40% or more of an RN paycheck. The per-city pages below show the local rent, the local nurse-pay estimate, and where that combination sits on the affordability scale.
Cheaper rent nearby
These Minnesota cities have lower median rent than Elk River, which improves the affordability math on a registered nurse salary:
Compare with full rent data for Elk River
View full rent data for Elk River, MN →Frequently asked questions
Can a registered nurse afford rent in Elk River, MN?
Median rent in Elk River is $1,903 a month. A typical registered nurse in Minnesota earns about $98,259 a year, which makes that rent 23.2% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a registered nurse afford in Elk River?
Using the 30% rule, a registered nurse salary in Minnesota (~$98,259/yr) supports up to $2,456 a month in rent. Elk River's current median rent is $1,903/mo, which leaves a $553/mo buffer.
How many hours does a registered nurse work to cover rent in Elk River?
At an hourly equivalent of about $47 an hour, a registered nurse in Minnesota works roughly 40.3 hours a month to cover Elk River's median rent of $1,903.
Where is rent cheaper than Elk River for a registered nurse?
Nearby Minnesota cities with lower median rent include Golden Valley ($1,902/mo), Ramsey ($1,900/mo), Saint Michael ($1,900/mo). Each shifts the affordability math materially on a registered nurse salary.