Apartments for rent in Elbow Lake, MN

A small town located in Minnesota, Elbow Lake has a population of slightly more than 1,000. Retirees are a frequent sight, as they account for 19% of the population compared to 14% nationally, while young professionals are less well-represented. Just 25% of residents rent in Elbow Lake, as most own their homes. With a relatively low average rent of $687/month in the town, renting remains an affordable option, particularly compared to other cities in Minnesota. Over the course of a year, renters in Elbow Lake will save around $3,600 compared to the state average.

Elbow Lake has an average commute time of about 27 minutes. Many residents (46%) drive to work, while public transportation is not used widely. Not many residents (3%) walk to work, though the number does exceed the national average.

If you're looking for diverse career options, Elbow Lake has them in spades. The four most common industries are healthcare, retail, manufacturing, and construction. Together, these industries account for 33% of the town's labor force. Meanwhile, looking at job function, many workers in these industries are in transportation, which ranks as the top field in the town. Elbow Lake workers earn an average annual income of just over $56K, less than their peers elsewhere in the state. The town's average income also falls below the national average of $73,345. Elbow Lake has a high number of residents older than 25 who have an Associate's degree (9%) compared to the national average (5%). Further, 12% possess a Bachelor's, Master's, Professional, or Doctoral degree.