Cheap Homes for Rent in Lake Elmo, MN from $1,000 (14 Rentals)

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Lake Elmo, MN Local Guide

Cheapest Available Lake Elmo Apartments for Rent

 

The cheapest available apartment rental in Lake Elmo, MN is a Studio unit found at Cedrics Landing in the Ledgestone neighborhood priced from $1,000. Briar Pond Apartments in the Midvale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,034. Here is today’s list of the most affordable Lake Elmo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedrics LandingStudioStudio,1BA$1,000
Briar Pond Apartments1 Bedroom Floor Plan G1BR,1BA$1,034
Oakdale Commons 55+StudiosStudio,1BA$1,064
Minnehaha ManorBirch1BR,1BA$1,200
Norhart OakdaleZenStudio,1BA$1,238

Best Value Apartments for Rent in Lake Elmo, MN

As of March 22, 2025 the best value apartment in the Lake Elmo area is the $1.45 price per square foot The Luxe Model at Meridian at CityPlace in the in the Turnberry Heritage Townhomes neighborhood starting from $3,870. 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 CityPlaceThe Luxe4BR,3.5BA$1.45
Bentley VillageRaleigh3BR,3BA$1.74
Sundance WoodburyHenry3BR,2BA$1.61
The Harlan - Alcove, 1-, 2-, & 3-Bedroom ApartmentsRoyal2BR,2BA$1.65
Seasons VillasDiamond Tamarack2BR,1BA$1.89
Briarcliff Apartments, a 55+ CommunityTamarack (3D)3BR,1BA$1.82
The Legends of Woodbury 55+ ApartmentsOne Bedroom - D1BR,1BA$1.59
The Bosk Apartment HomesA2R (Stainless Steel Appliances, In-Unit Laundry)1BR,1BA$1.78
Briar Pond Apartments1 Bedroom Floor Plan G1BR,1BA$1.42
Eastgate Apartments-Oakdale1 Bedroom - Renovated1BR,1BA$1.76

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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 $1,000 to $7,587. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,000 to $4,000.

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 $1,000 to $4,000 with an average monthly rent of $2,555.

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 $7,587, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,500. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $3,400.

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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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.