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Elk River Apartments For Rent

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Elk River Apartment Options

Avg. RentAnnual Change
1 Bed - $1,629+6%
2 Beds - $1,689+6%
3 Beds - $1,1980%
Last updated 11/27/2022

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Overview of Elk River

Living in Elk River apartments for rent is perfect for outdoor enthusiasts and urbanites who don't want to live in the hustle and bustle of downtown Minneapolis, but still wish to be within arm's reach of all of its amenities. Elk River is "Powered by Nature," as there are countless ways to experience the great outdoors throughout the summer and winter. Elk River is also conveniently located at the intersection of Highways US10 and 169, Highway 101 and Interstate 94, connecting residents of Elk River apartments to the rest of the state and Midwest.  All of this combined has made Elk River a highly sought-after community, and the population has been steadily increasing over the past two decades. According to statistics from the U.S. Census Bureau, roughly 23,200 people call Elk River home today.

Living in Elk River

Elk River apartments for rent are perfect for families and retirees. The local senior center hosts a variety of activities and programs, while the local outdoor recreation options make it easy to find something to do no matter your age. Hiking, biking, fishing and golfing are popular summer activities for residents of Elk River, while sledding, skiing, ice fishing and snowboarding are enjoyed throughout the snowy months. Elk River boasts 44 community parks that span nearly 900 acres, miles of trails, access to Elk and Mississippi Rivers and Lake Orno.

Elk River Apartments and Cost of Living

With the abundance of amenities in the region, it's no surprise the median rental rate for Elk River apartments for rent is 14 percent more than the rest of the state. According to AreaVibes, the overall cost of living is 13 percent more than the nation's average and 9 percent more than the state's average. However, the median household income is 32 percent more than the rest of the state.

Residents of apartments in Elk River will have to consider transportation costs, as the community is car-dependent, according to WalkScore. The average commute time is 30 percent longer than the rest of the state, but a gallon of gas will cost the same as the state's average going rate.

Apartments in Elk River Work and Study

The top industries for residents living in apartments for rent in Elk River are service production, transportation, wholesale and retail services. Construction and manufacturing are also top job providers. The major employers in the city include Walmart and Great River Energy, but residents also have access to employment opportunities in downtown Minneapolis.

Students living in Elk River apartments may further their education at the Minnesota School of Business, Globe University, Anoka-Hennepin Technical College or the University of Minnesota.

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