Cheap Apartments for Rent in Lake Elmo, MN from $800 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Elmo.

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Ridgecrest Apartments
1 to 2 Bedroom Apartments

Ridgecrest Apartments

969 Greenway Ave NOakdale, MN 55128
Utilities inc.
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Cottages of Stillwater
1 to 2 Bedroom Apartments

Cottages of Stillwater

2204-2358 Cottage DrStillwater, MN 55082
Utilities inc.
Showing Results 1-27, Page 1 of 1

Lake Elmo, MN Local Guide

Cheapest Available Lake Elmo Apartments for Rent

 

The cheapest available apartment rental in Lake Elmo, MN is a 1 Bed unit found at Briar Pond Apartments in the Midvale neighborhood priced from $1,034. Minnehaha Manor in the Midvale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,035. Here is today’s list of the most affordable Lake Elmo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briar Pond Apartments1 Bedroom Floor Plan G1BR,1BA$1,034
Minnehaha ManorAspenStudio,1BA$1,035
Norhart OakdaleZenStudio,1BA$1,255
Eastgate Apartments-Oakdale1 Bedroom - Renovated1BR,1BA$1,265
Beyond WoodburyGaze1BR,1BA$1,332
The Espen ResidencesCypressStudio,1BA$1,335
The Legends of Woodbury 55+ ApartmentsOne Bedroom - D1BR,1BA$1,337
The Bosk Apartment HomesA1R (Stainless Steel Appliances, In-Unit Laundry)1BR,1BA$1,360
Springs at WillowbrookeStudio Grand OverlookStudio,1BA$1,375
Springs at Lake ElmoStudio Grand OverlookStudio,1BA$1,385

Best Value Apartments for Rent in Lake Elmo, MN

As of February 26, 2025 the best value apartment in the Lake Elmo area is the $1.37 price per square foot The Craftsman Model at Meridian at CityPlace Townhomes in the in the Turnberry Heritage Townhomes neighborhood starting from $3,095. The second greatest value Lake Elmo apartment is the Raleigh Model at Bentley Village starting at $2,995 with a $1.74 price per square foot in the Turnberry Heritage Townhomes neighborhood. Here is today’s list of the best values for Lake Elmo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Meridian at CityPlace TownhomesThe Craftsman3BR,3.5BA$1.37
Bentley VillageRaleigh3BR,3BA$1.74
The Harlan - Alcove, 1-, 2-, & 3-Bedroom ApartmentsRobin's Egg3BR,2BA$1.70
Woodbury Park at City CentreLakeland Townhome with Den & Tandem Garage2BR,2BA$1.81
The Bosk Apartment HomesB1R (Stainless Steel Appliances, In-Unit Laundry)2BR,1BA$1.77
Briarcliff Apartments, a 55+ CommunityTamarack (3D)3BR,1BA$1.82
The Legends of Woodbury 55+ ApartmentsOne Bedroom - D1BR,1BA$1.59
Cedrics Landing1 Bedroom 1 Bathroom1BR,1BA$1.70
Briar Pond Apartments1 Bedroom Floor Plan G1BR,1BA$1.42
Eastgate Apartments-Oakdale1 Bedroom - Renovated1BR,1BA$1.76

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Elmo, MN Rentals by Map

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See the most popular apartments and homes in Lake Elmo, MN

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Getting Around Lake Elmo, MN

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Elmo Apartments

What is the Cheapest Studio apartment in Lake Elmo?

Currently the most affordable Cheap Studio Apartment in Lake Elmo is at Minnehaha Manor listed at $1,035.

How much is rent for a Cheap One Bedroom Lake Elmo Apartment?

The lowest price for a Cheap One Bedroom Lake Elmo Apartment is $1,034 at Briar Pond Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Elmo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Elmo is starting from $1,345 at Eastgate Apartments-Oakdale.

What is the most affordable Lake Elmo Three Bedroom Apartment?

The best deal on a cheap Lake Elmo Three Bedroom Apartment rental is at Briarcliff Apartments, a 55+ Community and starts from $1,695.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.