517 2nd St S
StillwaterMN55082
Cheap Homes for Rent in Lake Elmo, MN from $1,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
606 4th St N
HudsonWI54016
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
822 3rd St S
StillwaterMN55082
488 Cimarron
Lake ElmoMN55042
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
161 Cimarron
Lake ElmoMN55042
161 1st Ave N
BayportMN55003
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
2919 Aldrich Trail
WoodburyMN55125
2118 Highwood Ave E
St. PaulMN55119
Showing Results 1-8, Page 1 of 1
Lake Elmo, MN Local Guide
Winter at Lake Elmo Park Reserve in Washington County, Minnesota by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Lake Elmo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Elmo 2 Bedroom Homes for Rent | $1,995 | $1,250 | $3,500 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,663 | $1,795 | $3,500 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,084 | $2,315 | $3,725 |
| Lake Elmo 5 Bedroom Homes for Rent | $3,803 | $2,600 | $4,895 |
| Lake Elmo 6 Bedroom Homes for Rent | $7,900 | $7,900 | $7,900 |
Browse Top Homes for Rent in Lake Elmo
Explore Lake Elmo
Lake Elmo, MN Local Guide
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Cheapest Available Lake Elmo Apartments for Rent
The cheapest available apartment rental in Lake Elmo, MN is a Studio unit found at Minnehaha Manor in the Midvale neighborhood priced from $1,105. Beyond Woodbury in the Turnberry Heritage Townhomes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,271. Here is today’s list of the most affordable Lake Elmo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Minnehaha Manor | Aspen | Studio,1BA | $1,105 |
| Beyond Woodbury | Gaze | Studio,1BA | $1,271 |
| Norhart Oakdale | Zen | Studio,1BA | $1,277 |
Best Value Apartments for Rent in Lake Elmo, MN
As of May 17, 2025 the best value apartment in the Lake Elmo area is the $1.74 price per square foot Raleigh Model at Bentley Village in the in the Turnberry Heritage Townhomes neighborhood starting from $2,995. The second greatest value Lake Elmo apartment is the 2 Bedrooms Model at Oakdale Commons 55+ starting at $1,615 with a $1.53 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bentley Village | Raleigh | 3BR,3BA | $1.74 |
| Oakdale Commons 55+ | 2 Bedrooms | 2BR,2BA | $1.53 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - B | 2BR,1BA | $1.77 |
| Seasons Villas | Diamond Tamarack | 2BR,1BA | $2.13 |
| Briarcliff Apartments, a 55+ Community | Tamarack (3D) | 3BR,1BA | $1.82 |
| City Walk at Woodbury | Plaza | 1BR,1BA | $1.78 |
| The Bosk Apartment Homes | A1R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.90 |
| Crown Villa Apartments | 1 Bedroom | 1BR,1BA | $1.93 |
| The Edison at Woodbury | Eastman | 1BR,1BA | $2.24 |
| Springs at Lake Elmo | Studio Grand Overlook | Studio ,1BA | $2.07 |
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Frequently Asked Questions about Lake Elmo
What type of rentals are currently available in Lake Elmo?
There are currently 65 Apartments for Rent in Lake Elmo, MN with pricing that ranges from $1,015 to $9,000. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,075 to $7,900.
What is the current price range for Rental Homes in Lake Elmo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Elmo ranges from $1,075 to $7,900 with an average monthly rent of $3,449.
How much are larger Three and Four Bedroom Rentals in Lake Elmo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Elmo range from $1,695 to $9,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,315 and Four Bedroom Apartments start at $3,200.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.