Rentometer, Inc. | Data as of 12/05/2025
Elko New Market, a vibrant city in eastern Minnesota, blends small‑town charm with easy access to the Twin Cities metropolitan area. Known for its well‑maintained parks, the beautiful Riverbend Golf Club, and a lively downtown featuring local boutiques and farm‑to‑table restaurants, the community attracts families, professionals, and outdoor enthusiasts alike. Excellent schools, such as the highly rated Elko New Market Elementary, and convenient commuter routes like Highway 212 make the city a desirable place to live and work. Seasonal events, from the Summer Music Series to the Harvest Festival, foster a strong sense of community and provide ample opportunities for social engagement.
The rental market in Elko New Market offers a balanced mix of modern apartments and single‑family homes, catering to a range of lifestyle needs. One‑bedroom apartments typically fall in the $1,000‑range, with a median near $1,060, while two‑bedroom units often align with the $1,700 range, reflecting the city’s appealing blend of affordability and quality. Prospective renters appreciate the well‑kept complexes that feature amenities such as fitness centers, on‑site laundry, and pet‑friendly policies. For those seeking more space, detached houses provide quiet neighborhoods and easy access to nearby parks and schools, making Elko New Market an ideal destination for both short‑term stays and long‑term residency.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,014 | $1,063 | $631 - $1,350 | $631 - $1,350 |
| Apartment | 2 Bedroom | $1,700 | $1,700 | $1,235 - $2,200 | $1,465 - $1,900 |
In the current period, the average rent in Elko New Market was
$1,015 for 1 Bedroom, and
$1,700 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.