Search the lowest-cost Apartments available for rent right now in Lake Elmo.
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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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lake Elmo Studio Apartments | $1,523 | $1,154 | $2,099 |
| Cheap Lake Elmo 1 Bedroom Apartments | $1,771 | $1,224 | $2,397 |
| Cheap Lake Elmo 2 Bedroom Apartments | $2,208 | $1,295 | $4,025 |
| Cheap Lake Elmo 3 Bedroom Apartments | $2,953 | $1,795 | $5,745 |
The cheapest available apartment rental in Lake Elmo, MN is a Studio unit found at Minnehaha Manor in the Midvale neighborhood priced from $1,154. Cedric's Landing in the Ledgestone neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,404. 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 | $1,154 |
| Cedric's Landing | Studio, 1 Bathroom | Studio,1BA | $1,404 |
| Reserve At Settlers Ridge | Spruce - 60% AMI | 1BR,1BA | $1,408 |
| Oakdale Commons - 55+ | Willow Oak | 1BR,1BA | $1,410 |
| Crown Villa Apartments | 1 Bedroom/1Bath | 1BR,1BA | $1,429 |
| BRIARCLIFF APARTMENTS | Walnut | 2BR,1BA | $1,485 |
| The Espen Residences | Cypress | Studio,1BA | $1,499 |
| The Oakmark | S1 | Studio,1BA | $1,505 |
| The Harlan | Sapphire | 1BR,1BA | $1,515 |
| Eastgate Apartments | 2 Bedroom Renovated | 2BR,1BA | $1,525 |
As of June 23, 2026 the best value apartment in the Lake Elmo area is the $1.82 price per square foot Grove-A Model at Woodhelm Townhomes in the in the Washington Far Eastern Suburbs neighborhood starting from $3,325. The second greatest value Lake Elmo apartment is the St. Clair Model at Bentley Village starting at $3,145 with a $1.77 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. |
|---|---|---|---|
| Woodhelm Townhomes | Grove-A | 2BR,2.5BA | $1.82 |
| Bentley Village | St. Clair | 3BR,3BA | $1.77 |
| The Harlan | Royal | 2BR,2BA | $1.95 |
| The Bosk Apartment Homes | B1R (Stainless Steel Appliances, In-Unit Laundry) | 2BR,1BA | $1.85 |
| Eastgate Apartments | 2 Bedroom Renovated | 2BR,1BA | $1.63 |
| City Walk at Woodbury | Ashford | 1BR,1BA | $1.72 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - D | 2BR,1BA | $1.85 |
| BRIARCLIFF APARTMENTS | Walnut | 2BR,1BA | $1.88 |
| Crown Villa Apartments | 1 Bed/1Bath- ADA unit | 1BR,1BA | $1.89 |
| Oakdale Commons - 55+ | Willow Oak | 1BR,1BA | $1.96 |
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.
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Currently the most affordable Cheap Studio Apartment in Lake Elmo is at Minnehaha Manor listed at $1,154.
The lowest price for a Cheap One Bedroom Lake Elmo Apartment is $1,205 at Oakdale Commons - 55+.
Today's best deal for a Cheap Two Bedroom Apartment in Lake Elmo is starting from $1,404 at Minnehaha Manor.
The best deal on a cheap Lake Elmo Three Bedroom Apartment rental is at The Harlan and starts from $2,425.
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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