Elk River Homes under $400,000

Welcome to Elk River, Minnesota – a vibrant community that beautifully blends small-town charm with modern conveniences. Nestled just 37 miles northwest of Minneapolis, Elk River boasts a rich history, stunning natural landscapes, and a welcoming atmosphere that makes it an ideal place to call home. With its picturesque parks, scenic trails, and the serene banks of the Elk River, residents enjoy a plethora of outdoor activities year-round, from hiking and biking in the summer to ice fishing and snowshoeing in the winter.

One of the most appealing aspects of Elk River is its affordability. For those seeking a home under $400,000, the city offers an impressive array of options. From charming single-family homes to contemporary townhouses, there’s something for every taste and lifestyle. Many of these homes feature spacious layouts, modern amenities, and beautiful yards, perfect for families, first-time buyers, or anyone looking to settle down in a friendly community.

Elk River is also known for its excellent school district and an abundance of local services, including shops, restaurants, and entertainment venues. The city’s commitment to community events and activities fosters a strong sense of belonging among residents, making Elk River not just a place to live, but a place to thrive.

Whether you’re drawn to the area's natural beauty or its affordable housing options, Elk River is a gem in Minnesota’s real estate market. Discover your dream home today and experience all that this charming city has to offer!

Newest Elk River Homes under $400,000

$312,500

2 Beds ⋅ 2 Baths ⋅ 7155127 MLS

Welcome to Elk Run Village, a beautifully maintained 55+ community in Elk River offering comfortable, low-maintenance living in a welcoming neighborhood with an active clubhouse and well managed association. This move-in-ready townhome is located on a quiet cul-de-sac and is ideal for buyers looking for convenient one level living! Sellers can accommodate a quick close and are offering a one year home warranty to the buyer! The fresh paint throughout along with new carpet gives the home a clean, updated feel. Sellers just completed improvements to most of the windows and patio door that includes new glass and jambs along with new screens throughout. Abundant natural light fills the spacious open layout, highlighted by vaulted ceilings and large windows. The bright kitchen features a convenient center island and a smaller informal dining area, while the separate formal dining room provides plenty of space for holiday meals and larger gatherings. The spacious living room flows into a wonderful sunroom, which opens directly to the expansive patio that's perfect for relaxing, entertaining, or enjoying the outdoors. The primary BR suite offers a walk-in closet and private full bath. A second BR is conveniently located near the 3/4 guest bathroom. You'll appreciate the large laundry area along with its generous storage closets and let's not forget about the roomy 25 ft deep 2 car garage which can accommodate a work bench or even that extra fridge or freezer! Residents of Elk Run Village also enjoy access to a welcoming community clubhouse/room, perfect for neighborhood gatherings and activities. Secure community mailboxes are conveniently located in the same area. Ideally located in the heart of Elk River, this townhome is close to shopping, restaurants, everyday conveniences, and easy highway access. If you're searching for a move-in-ready 55+ townhome in Elk River with spacious living areas and low-maintenance living, be sure to see this one!

19107 Jackson Court NW, Elk River

Listing courtesy of Edina Realty, Inc..

$345,000

3 Beds ⋅ 2 Baths ⋅ 7153155 MLS

Welcome home to this beautifully maintained split level home featuring an inviting open floor plan, tasteful updates, and abundant natural light throughout. Vaulted ceilings create a bright, welcoming atmosphere in the main living area, which flows seamlessly into the dining space and well appointed kitchen. The kitchen offers generous cabinet storage, ample counter space, a tiled backsplash, and updated stainless-steel appliances. Three bedrooms are conveniently located on the upper level, along with a ¾ accessible bathroom featuring a tiled walk-in shower. Accessibility is thoughtfully incorporated throughout the home with an elevator/lift providing easy access to the upper level. The walkout lower level expands the living space with a spacious family room offering plenty of room for relaxing, entertaining, or creating a flexible gathering space. Outside, enjoy the convenience of a fully fenced yard. With its functional layout, modern touches, abundant natural light, accessible features, and versatile living spaces, this home offers comfort and convenience both inside and out.

18011 Johnson Street NW, Elk River

Listing courtesy of Kris Lindahl Real Estate.

$243,500

2 Beds ⋅ 2 Baths ⋅ 7153364 MLS

Don’t miss this opportunity to own an impeccably maintained 2BR/2BA townhome in a prime Elk River location! This open floor plan is perfect for entertaining and features beautiful bamboo floors throughout the main level along with a cozy gas fireplace in the living room. The kitchen boasts a breakfast bar with a striking custom counter, a granite center island, and ample cabinet and countertop space. A convenient half bath is also located on the main level. Upstairs has versatile loft area, full bath, laundry, and two bedrooms, including the spacious primary bedroom with a walk-in closet. Enjoy the convenience of being within walking distance to a park, and pond. Additional highlights include an attached 2-car garage, asphalt driveway, and more!

17182 Nixon Court NW, Elk River

Listing courtesy of RE/MAX RESULTS.

$229,900

2 Beds ⋅ 2 Baths ⋅ 7153198 MLS

This unit is a blank canvas located in the highly regarded Elk River school district. Located near shopping along with easy highway access. Two large bedrooms and bathrooms, lots of storage, open kitchen, and walk out basement make this a great unit to make your own. Estate is aware the carpet needs to be replaced and will work with buyer. Open floorplan brings in good daylight. Easy to show and quick closing available.

8330 Parkview Avenue NE, Elk River

Listing courtesy of AA Realty.

$389,900

3 Beds ⋅ 2 Baths ⋅ 7149572 MLS

Completely remodeled and move-in ready! This stunning split-level home sits on a spacious .36-acre lot and features a welcoming entryway with a large landing and built-in bench. The upper level has vaulted ceilings, brand-new LVP flooring, and a gorgeous open-concept kitchen featuring a massive center island, dark wood soft-close cabinetry, and all-new stainless steel appliances. Step through the sliding doors onto your huge brand-new deck overlooking the fully fenced backyard! The fully finished lower level offers a spacious family room, additional bedroom, and walkout access to the backyard patio. The beautifully remodeled lower-level bathroom features a large tiled shower and double vanity. Outside, enjoy the oversized, heated and insulated 3-car garage! Major updates include a brand-new roof (August 2026) and approximately 50% new windows. With modern finishes, plenty of room to entertain, and a fantastic backyard, this home has it all!

18214 Ironton Street NW, Elk River

Listing courtesy of Epique Realty.

$399,000

5 Beds ⋅ 4 Baths ⋅ 7148831 MLS

Welcome to this spacious home in the desirable Trott Brook Farms South neighborhood! Offering 5 bedrooms, 4 bathrooms, a finished basement with a family room, a den/flex room, a second kitchen and plenty of space to spread out. The walk out lower level could serve as a seperate in-law unit! Enjoy morning coffee on the front porch and evenings on the deck overlooking the fenced backyard. The 3-car garage provides space for vehicles, storage and hobbies. Conveniently located near Hwy 101 and Hwy 10, shopping, schools, restaurants, parks and trails. This home is ready for you to move right in!

17872 Tyler Street NW, Elk River

Listing courtesy of BRIX Real Estate.

$375,000

3 Beds ⋅ 2 Baths ⋅ 7146583 MLS

Welcome home! This beautifully updated property is truly move-in ready, featuring a newer roof, siding, kitchen, appliances, flooring, paint, and more. The thoughtfully designed floor plan offers three spacious bedrooms on one level, including two bedrooms with walk-in closets and a third bedroom with two generous closets for exceptional storage. The updated kitchen is perfect for everyday living and entertaining, featuring a Bosch double oven and 5-burner gas cooktop. Enjoy the private backyard with mature trees, a fully fenced back yard, and a large deck and patio ideal for relaxing or hosting guests. The lower level provides even more potential with a spacious rec room, bathroom rough-in, and an egress window, offering an excellent opportunity to add additional finished living space and build equity. Additional highlights include a covered front porch, a desirable 3-car garage, and a convenient location close to schools, shopping, restaurants, and easy access to Highway 169! Start your dream of homeownership here!

11046 196th Lane NW, Elk River

Listing courtesy of National Realty Guild.

$365,000

4 Beds ⋅ 2 Baths ⋅ 7126381 MLS

Fresh updated feel + room for everyone! This beautiful home features an updated kitchen with granite countertops and stainless steel appliances. Three bedrooms on one level + a 4th bedroom with egress. The flexible floor plan also offers a spacious family room with daylight windows, remodeled 3/4 bath, living room, office, and laundry. Enjoy the spacious backyard, deck, and shed, too!

18828 146th Street NW, Elk River

Listing courtesy of Edina Realty, Inc..

$259,600

3 Beds ⋅ 2 Baths ⋅ 7143301 MLS

Welcome home to this beautiful end-unit townhome, where comfort, natural light, and effortless living come together in one inviting space! Imagine sipping your morning coffee on the front patio, enjoying the changing seasons, and coming home to maintenance free living. Step inside and fall in love with the bright, open-concept main level, designed for both everyday living and entertaining. Abundant natural light fills the space, creating a warm and welcoming atmosphere. The cozy living room features a fireplace, perfect for gathering with friends, or enjoying peaceful evenings at home. The spacious kitchen offers plenty of cabinetry and storage, making meal preparation a breeze. Whether you're hosting or preparing a quick dinner, this kitchen and open living space are ready for the memories you'll create. Upstairs, you'll find three spacious bedrooms, offering room for everyone, a home office, guests, or a space to make your own. The full bathroom and conveniently located laundry room add to the functionality, with plenty of shelving and storage to keep life organized. As an end unit, this townhome offers a wonderful sense of comfort and privacy, while the association takes care of lawn care, sanitation, and snow removal, giving you more time to enjoy the things that matter most. Located conveniently near Elk River Station and major highways, you'll have easy access to commuting, shopping, dining, and all the adventures life brings. Come see all the possibilities!

17157 Monroe Street NW, Elk River

Listing courtesy of RE/MAX Results.

$389,900

5 Beds ⋅ 2 Baths ⋅ 7144521 MLS

Rehab opportunity on acreage. Welcome to the country" 11+ acres of privacy and seclusion with mature trees and an abundance of wildlife. Value is primarily in the land. Existing split entry home will need significant upgrading inside and out. Out builds and lean to for storage. Sold As Is, septic compliance status unknown. (mound system however) Seller has not occupied the home.

15573 209th Avenue NW, Elk River

Listing courtesy of Edina Realty, Inc..

$330,000

2 Beds ⋅ 2 Baths ⋅ 7141747 MLS

Step inside and immediately feel at home in this tastefully updated and meticulously cared for end unit surrounded by gorgeous views. You'll be greeted by the warm neutral colors of the LVP flooring, plush bedroom carpet, large beautiful windows, and a kitchen so inviting that you'll want to spend your days cooking and entertaining guests! The generous primary bedroom allows for ample furniture and decor while its stunning bathroom offers a step-in shower with an all-new full tile surround, a spacious vanity with two sinks, and a laundry room conveniently located opposite the bathroom. The second bedroom promises bright daylight for your guests to enjoy while visiting, or maybe you'd like your own area to get lost in a good book or work on projects in peace. With the open living area sharing its space with the kitchen, dining, and breakfast nook, you're sure to have the home where everyone wants to spend time together! Enjoy natural light from the oversized windows during the day and spend your evenings relaxing on your maintenance-free patio watching and listening to the wildlife and nature around you. With its highly desirable location and thoughtfully updated interior, this one is sure to go quickly!

19277 Freeport Court NW, Elk River

Listing courtesy of Riverside Realty, Inc.

$399,000

4 Beds ⋅ 2 Baths ⋅ 7140635 MLS

Move-in ready 4-bedroom, 2-bath rambler on a beautifully fenced 1-acre lot in a convenient Elk River location! This meticulously maintained home was previously renovated down to the studs, and the quality craftsmanship and pride of ownership are evident throughout. The main level offers three bedrooms, a full bath, gleaming hardwood floors, granite countertops, tile backsplash, and stainless steel appliances. The finished lower level features a spacious family room, a full bath, and a fourth bedroom with a cozy gas fireplace. Movie and gaming enthusiasts will love the custom fiber-optic ceiling in the bedroom that displays the constellations, creating a truly one-of-a-kind retreat or movie room. Recent improvements include a whole-house dehumidifier, new lower-level egress window, dishwasher, washer, dryer, pump station, and well pressure tank. Step outside to enjoy the large paver patio overlooking the fully fenced backyard—perfect for relaxing, entertaining, or letting kids and pets play. Conveniently located with quick access to Highway 10, shopping, restaurants, and Elk River schools, this exceptional home offers the perfect combination of quality, comfort, and convenience. Simply move in and enjoy!

18566 147th Street NW, Elk River

Listing courtesy of Edina Realty, Inc..

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