Cheap Apartments for Rent in Lake Elmo, MN from $800 (30 Rentals)

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

property at 464 Cimarron

464 Cimarron

Lake ElmoMN55042
property at 2639 Skyview Ct

2639 Skyview Ct

StillwaterMN55082
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Cedrics Landing
$990 - $2,035
Total Monthly Price

Total Monthly Price

Base Rent
$990 - $2,035
Total Monthly Price
$990 - $2,035
Studio to 2 Bedroom Apartments Available Now

Cedrics Landing

5680 Hadley Ave NOakdale, MN 55128
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Minnehaha Manor
Rent Specials
$1,129 - $2,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $2,945
Required Monthly Fees
$4
Total Monthly Price
$1,129 - $2,949
Studio to 3 Bedroom Apartments Available Now

Minnehaha Manor

6904 10th St NOakdale, MN 55128
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 6060 52nd St N

6060 52nd St N

OakdaleMN55128

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Norhart Oakdale
Rent Specials
$1,361 - $5,985
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $5,973
Required Monthly Fees
$12
Total Monthly Price
$1,361 - $5,985
Studio to 3 Bedroom Apartments Available Now

Norhart Oakdale

7600 2nd St NOakdale, MN 55128
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Ridgecrest Apartments
1 to 2 Bedroom Apartments

Ridgecrest Apartments

969 Greenway Ave NOakdale, MN 55128
  • Utilities Included
property at 11274 Whitewater Dr

11274 Whitewater Dr

WoodburyMN55129
property at 1164 7th St E

1164 7th St E

St. PaulMN55106

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 6248-6250 45th St N

6248-6250 45th St N

OakdaleMN55128
property at 161 1st Ave N

161 1st Ave N

BayportMN55003
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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 Minnehaha Manor in the Midvale neighborhood priced from $1,124. Oakdale Commons - 55+ in the Turnberry Heritage Townhomes neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,136. Here is today’s list of the most affordable Lake Elmo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Minnehaha ManorAspenStudio,1BA$1,124
Oakdale Commons - 55+Northern Red Oak1BR,1BA$1,136
Beyond WoodburyExploreStudio,1BA$1,142
Briar Pond Apartments2 Bedrooms Floor Plan B-987sqft and D-986sqft2BR,2BA$1,194
Cedrics LandingStudioStudio,1BA$1,200
Cottages of StillwaterTwo Bedroom B2BR,1BA$1,250
Crown Villa Apartments1 Bedroom1BR,1BA$1,359
Norhart OakdaleHavenStudio,1BA$1,361
Curve Crest Villas1 Bedroom TXC1BR,1BA$1,365
The Bosk Apartment HomesA2R (Stainless Steel Appliances, In-Unit Laundry)1BR,1BA$1,422

Best Value Apartments for Rent in Lake Elmo, MN

As of December 08, 2025 the best value apartment in the Lake Elmo area is the $1.30 price per square foot The Luxe Model at Meridian at CityPlace in the in the Turnberry Heritage Townhomes neighborhood starting from $3,470. The second greatest value Lake Elmo apartment is the Grove-B Model at Woodhelm Townhomes starting at $3,025 with a $1.65 price per square foot in the Washington Far Eastern Suburbs 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$1.30
Woodhelm TownhomesGrove-B2BR,2.5BA$1.65
Bentley VillageSt. Clair3BR,3BA$1.74
Seasons VillasDiamond Hudson2BR,1.5BA$1.73
230 Hallam Ave S, Unit 3230 Hallam Ave S3BR,1BA$1.50
Briar Pond Apartments2 Bedrooms Floor Plan B-987sqft and D-986sqft2BR,2BA$1.21
The Legends of Woodbury 55+ ApartmentsTwo Bedroom - B2BR,1BA$1.75
Cottages of StillwaterTwo Bedroom A2BR,1BA$1.56
The Bosk Apartment HomesA2R (Stainless Steel Appliances, In-Unit Laundry)1BR,1BA$1.79
Oakdale Commons - 55+Northern Red Oak1BR,1BA$1.58

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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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Getting Around Lake Elmo, MN

Walk Score®

22 / 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 Cedrics Landing listed at $990.

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

The lowest price for a Cheap One Bedroom Lake Elmo Apartment is $1,136 at Oakdale Commons - 55+.

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 $1,194 at Briar Pond Apartments.

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.