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Affordable apartments in Elk River, Minnesota

10 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

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Buildings

GUARDIAN ANGELS HOMES, INC.

Section 202
350 Evans Ave NE, Elk River, MN, 55330
Income-restricted units
103 of 103
Year placed in service
Not reported

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

GUARDIAN ANGELS HOMES, INC.

Section 8
350 Evans Ave NE, Elk River, MN, 55330
Income-restricted units
103 of 103
Year placed in service
Not reported

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

DOVE TREE APARTMENTS

LIHTC
1105 LIONS PARK DR NW, ELK RIVER, MN, 55330
Income-restricted units
68 of 68
Year placed in service
2011
Bedroom mix
1 studio · 16 1BR · 34 2BR · 17 3BR

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

THE DEPOT AT ELK RIVER STATION

LIHTC
XXXXX 172ND AVE NW, ELK RIVER, MN, 55330
Income-restricted units
53 of 53
Year placed in service
2012
Bedroom mix
11 1BR · 26 2BR · 16 3BR

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

COACHMAN RIDGE APARTMENTS

LIHTC
17250 TWIN LAKE RD, ELK RIVER, MN, 55330
Income-restricted units
52 of 53
Year placed in service
2015
Bedroom mix
10 1BR · 26 2BR

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

DOVE TERRACE APARTMENTS

LIHTC
1227 SCHOOL ST, ELK RIVER, MN, 55330
Income-restricted units
50 of 50
Year placed in service
2008
Bedroom mix
3 1BR · 35 2BR · 12 3BR

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

ELK RIDGE MANOR

LIHTC
847 FREEPORT AVE NW, ELK RIVER, MN, 55330
Income-restricted units
40 of 40
Year placed in service
1987

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

JACKSON PLACE APARTMENTS

LIHTC
300 JACKSON ST NW, ELK RIVER, MN, 55330
Income-restricted units
32 of 32
Year placed in service
2007
Bedroom mix
16 1BR · 16 2BR

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

ELK TERRACE

LIHTC
385 HOLT AVE, ELK RIVER, MN, 55330
Income-restricted units
23 of 23
Year placed in service
1993

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

AUBURN PLACE APTS

LIHTC
631 AUBURN PL NW, ELK RIVER, MN, 55330
Income-restricted units
23 of 24
Year placed in service
1990

Estimated total housing cost: $1,244 rent + $117 utilities = $1,361/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Minnesota

Residential electricity in Minnesota runs about 15.95¢/kWh, with a typical monthly residential electric bill near $117. Natural gas runs about $12.68/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Elk River, MN

Metro-level
BedroomsLocal FMRNational median
Studio$1,057n/a
1 bedroom$1,182n/a
2 bedroom$1,244$1,502
3 bedroom$1,617n/a
4 bedroom$1,866n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Sherburne County, MN

Minneapolis-St. Paul-Bloomington, MN-WI. FY2025. Area median income: $132,400.

Household size30% AMI50% AMI80% AMI
1 person$27,800$46,350$72,950
2 people$31,800$53,000$83,400
3 people$35,750$59,600$93,800
4 people$39,700$66,200$104,200
5 people$42,900$71,500$112,550
6 people$46,100$76,800$120,900
7 people$49,250$82,100$129,250
8 people$54,150$87,400$137,550

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Minnesota cities

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About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Elk River cost-of-living and Fair Market Rent overview