Cheap Apartments for Rent in Lake Elmo, MN from $1,114 (54 Rentals)

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

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Springs at Lake Elmo
$1,599 - $2,644

Total Monthly Price

Base Rent$1,453 - $2,498
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Springs at Lake Elmo

9600 Hudson Blvd NLake Elmo, MN 55042
Corporate Housing
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property at 119 Cimarron
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now

119 Cimarron

Lake ElmoMN55042
property at 121 Cimarron
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now

121 Cimarron

Lake ElmoMN55042
property at 296 Cimarron
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now

296 Cimarron

Lake ElmoMN55042
property at 530 Cimarron
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now

530 Cimarron

Lake ElmoMN55042
property at 127 Cimarron
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now

127 Cimarron

Lake ElmoMN55042
property at 47 Cimarron
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
12 Month Lease Term
3 Bedroom, 2 Bath Home for Rent
Available Now

47 Cimarron

Lake ElmoMN55042
property at 352 Cimarron
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
3 Bedroom, 2 Bath Home for Rent
Available Now

352 Cimarron

Lake ElmoMN55042
property at 16 Cimarron
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
3 Bedroom, 2 Bath Home for Rent
Available Now

16 Cimarron

Lake ElmoMN55042
property at 691 Cimarron
$1,999

Total Monthly Price

Base Rent$1,999

Total Monthly Price$1,999
3 Bedroom, 2 Bath Home for Rent
Available Now

691 Cimarron

Lake ElmoMN55042

Rent According to Income: A Look at Income-Restricted Rentals

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property at 154 Cimarron
$1,999

Total Monthly Price

Base Rent$1,999

Total Monthly Price$1,999
3 Bedroom, 2.5 Bath Home for Rent
Available Now

154 Cimarron

Lake ElmoMN55042
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Minnehaha Manor
Rent Specials
$1,114 - $2,969

Total Monthly Price

Base Rent$1,110 - $2,965
Required Monthly Fees$4

Total Monthly Price$1,114 - $2,969
Studio to 2 Bedroom Apartments Available Now

Minnehaha Manor

6904 10th St NOakdale, MN 55128
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  • Utilities Included
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Briar Pond Apartments
$1,118 - $1,405

Total Monthly Price

Base Rent$1,118 - $1,405

Total Monthly Price$1,118 - $1,405
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Briar Pond Apartments

1591 Granada Ave NOakdale, MN 55128
Cost Per Sq.Ft.
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  • Utilities Included
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The Oakmark
Rent Specials
$1,245 - $9,689

Total Monthly Price

Base Rent$1,149 - $9,593
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Oakmark

7600 2nd St NOakdale, MN 55128
Corporate Housing
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  • 3D Tour
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Cottages of Aspen
$1,295 - $1,475

Total Monthly Price

Base Rent$1,295 - $1,475

Total Monthly Price$1,295 - $1,475
1 to 2 Bedroom Apartments Available Soon

Cottages of Aspen

1745 Granada Ave NOakdale, MN 55128
Senior Living
  • Verified
  • Utilities Included
  • Low Income
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Beyond Woodbury
Rent Specials
$1,331 - $2,338

Total Monthly Price

Base Rent$1,325 - $2,332
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Beyond Woodbury

455 Karen DrWoodbury, MN 55129
Corporate Housing
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Cedric's Landing
Rent Specials
$1,342 - $2,116

Total Monthly Price

Base Rent$1,342 - $2,116

Total Monthly Price$1,342 - $2,116
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Cedric's Landing

5680 Hadley Ave NOakdale, MN 55128
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Curve Crest Villas
$1,365 - $2,065

Total Monthly Price

Base Rent$1,365 - $2,065

Total Monthly Price$1,365 - $2,065
1 to 3 Bedroom Apartments Available Dec 1

Curve Crest Villas

2225 Orleans St WStillwater, MN 55082
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  • Utilities Included

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Eastgate Apartments
Rent Specials
$1,368 - $1,518

Total Monthly Price

Base Rent$1,345 - $1,495
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Eastgate Apartments

6048 Upper 51st St NOakdale, MN 55128
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The Bosk Apartment Homes
$1,418 - $1,893

Total Monthly Price

Base Rent$1,407 - $1,882
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

The Bosk Apartment Homes

6850 Ashwood RdWoodbury, MN 55125
Affordability
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The Espen Residences
$1,423 - $3,565

Total Monthly Price

Base Rent$1,354 - $3,496
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Espen Residences

3998 Hayward Ave NOakdale, MN 55128
Luxury
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Crown Villa Apartments
Rent Specials
$1,429 - $2,075

Total Monthly Price

Base Rent$1,429 - $2,075

Total Monthly Price$1,429 - $2,075
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Crown Villa Apartments

7260 Guider DrWoodbury, MN 55125
Pet Friendly
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  • Utilities Included
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The Harlan
$1,483 - $2,583

Total Monthly Price

Base Rent$1,475 - $2,575
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Harlan

7570 32nd St NOakdale, MN 55128
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BRIARCLIFF APARTMENTS
Rent Specials
$1,485 - $1,795

Total Monthly Price

Base Rent$1,485 - $1,795

Total Monthly Price$1,485 - $1,795
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

BRIARCLIFF APARTMENTS

115 East AveMahtomedi, MN 55115
Senior Living
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  • Utilities Included
  • Low Income
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Springs at Willowbrooke
Rent Specials
$1,541 - $2,623

Total Monthly Price

Base Rent$1,375 - $2,457
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Springs at Willowbrooke

7700 36th St NOakdale, MN 55128
Corporate Housing
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The Edison at Woodbury
$1,805 - $3,028

Total Monthly Price

Base Rent$1,797 - $3,020
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
1 to 3 Bedroom Apartments Available Oct 1

The Edison at Woodbury

326 Karen DrWoodbury, MN 55129
Eco-Friendly
  • Verified
  • 3D Tour
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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.

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Aspire at CityPlace
Rent Specials
$1,923 - $3,429

Total Monthly Price

Base Rent$1,918 - $3,424
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Aspire at CityPlace

9000 City Place BlvdWoodbury, MN 55125
Furnished
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Seasons Villas
$1,999 - $2,422

Total Monthly Price

Base Rent$1,977 - $2,400
Required Monthly Fees$22

Total Monthly Price$1,999 - $2,422
2 Bedroom Apartments Available Now

Seasons Villas

8630-8847 Summer Wind AlcoveWoodbury, MN 55125
Eco-Friendly
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property at 483 Hickory Ln N
$2,000

Total Monthly Price

Base Rent$2,000

Total Monthly Price$2,000
12 Month Lease Term
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Furnished

483 Hickory Ln N

OakdaleMN55128
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Ridgecrest Apartments
1 to 2 Bedroom Apartments

Ridgecrest Apartments

969 Greenway Ave NOakdale, MN 55128
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

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Oakdale Commons - 55+
Studio to 2 Bedroom Apartments

Oakdale Commons - 55+

1135 Hadley Ave NOakdale, MN 55128
Senior Living
  • Utilities Included
property at 161 1st Ave N
$1,600

Total Monthly Price

Base Rent$1,600

Total Monthly Price$1,600
2 Bedroom, 1 Bath Home for Rent
Available Now

161 1st Ave N

BayportMN55003
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property at 1795 Donegal Dr
$1,695

Total Monthly Price

Base Rent$1,695

Total Monthly Price$1,695
12 Month Lease Term
2 Bedroom, 1 Bath Townhome for Rent
Available Sep 30
Affordability

1795 Donegal Dr

WoodburyMN55125
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Sandhill Shores
1 to 2 Bedroom Apartments

Sandhill Shores

105 Bridgewater WayStillwater, MN 55082
Senior Living
  • Utilities Included
property at 2304 13th Ave E
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
12 Month Lease Term
3 Bedroom, 1 Bath Townhome for Rent
Available Now

2304 13th Ave E

North St. PaulMN55109

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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 $1,119. The Oakmark in the Turnberry Heritage Townhomes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here is today’s list of the most affordable Lake Elmo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Minnehaha ManorAspenStudio, 1BA$1,119
The OakmarkS1Studio, 1BA$1,245
Briar Pond Apartments2 Bedrooms Floor Plan B-987sqft and D-986sqft2BR, 2BA$1,254
Beyond WoodburyGazeStudio, 1BA$1,331
Cedric's LandingStudio, 1 BathroomStudio, 1BA$1,342
Eastgate Apartments1 Bedroom Renovated1BR, 1BA$1,368
Reserve at Settlers Ridge I & IIOutlook - 60% AMI (BLDG II)1BR, 1BA$1,408
Oakdale Commons - 55+Willow Oak1BR, 1BA$1,410
The Bosk Apartment HomesA1R (Stainless Steel Appliances, In-Unit Laundry)1BR, 1BA$1,418
The Espen ResidencesCypressStudio, 1BA$1,423

Best Value Apartments for Rent in Lake Elmo, MN

As of September 23, 2026 the best value apartment in the Lake Elmo area is the $1.58 price per square foot The Craftsman Model at Meridian at CityPlace in the Turnberry Heritage Townhomes neighborhood starting from $3,579. The second greatest value Lake Elmo apartment is the St. Clair Model at Bentley Village in the Turnberry Heritage Townhomes neighborhood starting at $3,145 with a $1.77 price per square foot. 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 Craftsman3BR, 3.5BA$1.58
Bentley VillageSt. Clair3BR, 3BA$1.77
Regency Hill ApartmentsLarkspur2BR, 2BA$1.50
Seasons VillasDiamond Hudson2BR, 1.5BA$1.77
BRIARCLIFF APARTMENTSBalsam3BR, 2BA$1.69
Briar Pond Apartments2 Bedrooms Townhome Floor Plan H2BR, 2BA$1.33
The Legends of Woodbury 55+ ApartmentsTwo Bedroom - D2BR, 1BA$1.85
The Bosk Apartment HomesA1R (Stainless Steel Appliances, In-Unit Laundry)1BR, 1BA$1.82
Crown Villa Apartments1 Bed/1Bath- ADA unit1BR, 1BA$1.89
Eastgate Apartments1 Bedroom Renovated1BR, 1BA$1.90

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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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From 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.

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

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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 $1,114.

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

The lowest price for a Cheap One Bedroom Lake Elmo Apartment is $1,304 at Minnehaha Manor.

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 $1,405 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 and starts from $1,795.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.