Search the lowest-cost Apartments available for rent right now in Lake Elmo.
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lake Elmo Studio Apartments | $1,458 | $1,169 | $2,099 |
| Cheap Lake Elmo 1 Bedroom Apartments | $1,751 | $1,229 | $2,337 |
| Cheap Lake Elmo 2 Bedroom Apartments | $2,183 | $1,435 | $4,025 |
| Cheap Lake Elmo 3 Bedroom Apartments | $2,841 | $1,795 | $5,344 |
The cheapest available apartment rental in Lake Elmo, MN is a Studio unit found at Minnehaha Manor in the Midvale neighborhood priced from $1,169. Cedric's Landing in the Ledgestone neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,248. 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 | $1,169 |
| Cedric's Landing | Studio, 1 Bathroom | Studio,1BA | $1,248 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1,273 |
| The Oakmark | S2 | Studio,1BA | $1,295 |
| Curve Crest Villas | 1 Bedroom TXC | 1BR,1BA | $1,365 |
| Crown Villa Apartments | 1 Bedroom/1Bath | 1BR,1BA | $1,429 |
| The Bosk Apartment Homes | A2R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1,433 |
| BRIARCLIFF APARTMENTS | Basswood | 2BR,1BA | $1,485 |
| The Espen Residences | Cypress | Studio,1BA | $1,499 |
| The Harlan | Sky | 1BR,1BA | $1,619 |
As of August 08, 2026 the best value apartment in the Lake Elmo area is the $1.77 price per square foot St. Clair Model at Bentley Village in the in the Turnberry Heritage Townhomes neighborhood starting from $3,145. The second greatest value Lake Elmo apartment is the Flora Model at Woodhelm Townhomes starting at $2,925 with a $1.79 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bentley Village | St. Clair | 3BR,3BA | $1.77 |
| Woodhelm Townhomes | Flora | 2BR,2BA | $1.79 |
| Oakdale Commons - 55+ | Holly Oak | 2BR,2BA | $1.57 |
| BRIARCLIFF APARTMENTS | Balsam | 3BR,2BA | $1.69 |
| Reserve at Settlers Ridge I & II | Brook - 60% AMI (BLDG I) | 2BR,2BA | $1.81 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - D | 2BR,1BA | $1.85 |
| The Bosk Apartment Homes | A2R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.81 |
| Crown Villa Apartments | 1 Bed/1Bath- ADA unit | 1BR,1BA | $1.89 |
| Curve Crest Villas | 1 Bedroom TXC | 1BR,1BA | $1.88 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1.77 |
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.
Read ArticleFrom the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleThe 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.
If you’re an expert on all things Lake Elmo, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewSee the most popular apartments and homes in Lake Elmo, MN
Currently the most affordable Cheap Studio Apartment in Lake Elmo is at Minnehaha Manor listed at $1,169.
The lowest price for a Cheap One Bedroom Lake Elmo Apartment is $1,229 at Minnehaha Manor.
Today's best deal for a Cheap Two Bedroom Apartment in Lake Elmo is starting from $1,473 at Eastgate Apartments.
The best deal on a cheap Lake Elmo Three Bedroom Apartment rental is at BRIARCLIFF APARTMENTS and starts from $1,795.
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.
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
We'll check your Lake Elmo review to ensure it meets our Review Guidelines.
Thank you!
