Apartments for Rent in Lake Elmo, MN Under $4,500 (87 Rentals)

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Bentley Village
Rent Specials
$2,995 - $3,625
Total Monthly Price

Total Monthly Price

Base Rent
$2,995 - $3,625

Total Monthly Price
$2,995 - $3,625
3 Bedroom Apartments Available Now

Bentley Village

9392-9485 4th St NLake Elmo, MN 55042
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Woodhelm Townhomes
Rent Specials
$2,925 - $4,025
Total Monthly Price

Total Monthly Price

Base Rent
$2,895 - $3,995
Required Monthly Fees
$30

Total Monthly Price
$2,925 - $4,025
2 Bedroom Apartments Available Now

Woodhelm Townhomes

11300 Upper 39th St Circle NLake Elmo, MN 55042
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Springs at Lake Elmo
Rent Specials
$1,626 - $3,013
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $2,867
Required Monthly Fees
$146

Total Monthly Price
$1,626 - $3,013
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 11851 35th St N

$4,500

Total Monthly Price

Total Monthly Price

Base Rent
$4,500

Total Monthly Price
$4,500

3 Bedroom, 3 Bath Home for Rent

Available Now

11851 35th St N

Lake ElmoMN55042
property at 10965 37th St N

$3,800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$3,800

Total Monthly Price
$3,800

4 Bedroom, 3 Bath Home for Rent

Available Now

10965 37th St N

Lake ElmoMN55042
property at 190 Jean Avenue

$3,670

Total Monthly Price

Total Monthly Price

Base Rent
$3,670

Total Monthly Price
$3,670

4 Bedroom, 4 Bath Townhome for Rent

Available Now

190 Jean Avenue

Lake ElmoMN55042
property at 9297 4th St N

$3,625

Total Monthly Price

Total Monthly Price

Base Rent
$3,625

Total Monthly Price
$3,625

4 Bedroom, 4 Bath Townhome for Rent

Available Now

9297 4th St N

Lake ElmoMN55042
property at 184 Jean Avenue

$3,575

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$3,575

Total Monthly Price
$3,575

4 Bedroom, 4 Bath Townhome for Rent

Available Now

184 Jean Avenue

Lake ElmoMN55042
property at 174 Jean Avenue

$3,570

Total Monthly Price

Total Monthly Price

Base Rent
$3,570

Total Monthly Price
$3,570

4 Bedroom, 4 Bath Townhome for Rent

Available Now

174 Jean Avenue

Lake ElmoMN55042
property at 9365 4th St Ln N

$2,995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,995

Total Monthly Price
$2,995

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9365 4th St Ln N

Lake ElmoMN55042

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.

property at 9385 4th St N

$2,995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,995

Total Monthly Price
$2,995

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9385 4th St N

Lake ElmoMN55042
property at 9376 4th St N

$2,995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,995

Total Monthly Price
$2,995

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9376 4th St N

Lake ElmoMN55042
property at 3271 Linden Ave N

$2,900

Total Monthly Price

Total Monthly Price

Base Rent
$2,900

Total Monthly Price
$2,900

3 Bedroom, 3 Bath Home for Rent

Available Jan 1, 2026

3271 Linden Ave N

Lake ElmoMN55042
property at 9290 4th St N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9290 4th St N

Lake ElmoMN55042
property at 9469 4th St N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9469 4th St N

Lake ElmoMN55042
property at 9296 4th St N

$2,895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9296 4th St N

Lake ElmoMN55042
property at 9417 4th St Ln N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9417 4th St Ln N

Lake ElmoMN55042
property at 9448 4th St N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9448 4th St N

Lake ElmoMN55042
property at 9450 4th St N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9450 4th St N

Lake ElmoMN55042
property at 9394 4th St N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9394 4th St N

Lake ElmoMN55042

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 9482 4th St N

$2,895

Total Monthly Price

Total Monthly Price

Base Rent
$2,895

Total Monthly Price
$2,895

3 Bedroom, 3 Bath Townhome for Rent

Available Now

9482 4th St N

Lake ElmoMN55042
property at 691 Cimarron

$1,999

Total Monthly Price

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
property at 154 Cimarron

$1,999

Total Monthly Price

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
property at 464 Cimarron

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 2 Bath Home for Rent

Available Now

464 Cimarron

Lake ElmoMN55042
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Woodbury Park at City Centre
$2,031 - $3,244
Total Monthly Price

Total Monthly Price

Base Rent
$2,015 - $3,228
Required Monthly Fees
$16

Total Monthly Price
$2,031 - $3,244
1 to 3 Bedroom Apartments Available Now

Woodbury Park at City Centre

2150 Vining DrWoodbury, MN 55125
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Seasons Villas
Rent Specials
$1,947 - $3,389
Total Monthly Price

Total Monthly Price

Base Rent
$1,925 - $3,367
Required Monthly Fees
$22

Total Monthly Price
$1,947 - $3,389
2 Bedroom Apartments Available Now

Seasons Villas

8630-8847 Summer Wind AlcoveWoodbury, MN 55125
Eco-Friendly
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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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The Espen Residences
Rent Specials
$1,727 - $3,451
Total Monthly Price

Total Monthly Price

Base Rent
$1,658 - $3,382
Required Monthly Fees
$69

Total Monthly Price
$1,727 - $3,451
Studio to 3 Bedroom Apartments Available Now

The Espen Residences

3998 Hayward Ave NOakdale, MN 55128
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Springs at Willowbrooke
Rent Specials
$1,609 - $3,422
Total Monthly Price

Total Monthly Price

Base Rent
$1,456 - $3,269
Required Monthly Fees
$153

Total Monthly Price
$1,609 - $3,422
Studio to 3 Bedroom Apartments Available Now

Springs at Willowbrooke

7700 36th St NOakdale, MN 55128
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Beyond Woodbury
Rent Specials
$1,331 - $2,396
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,325 - $2,390
Required Monthly Fees
$6

Total Monthly Price
$1,331 - $2,396
Studio to 3 Bedroom Apartments Available Now

Beyond Woodbury

455 Karen DrWoodbury, MN 55129
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Norhart Oakdale
Rent Specials
$1,321 - $5,985
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $5,973
Required Monthly Fees
$12

Total Monthly Price
$1,321 - $5,985
Studio to 3 Bedroom Apartments Available Now

Norhart Oakdale

7600 2nd St NOakdale, MN 55128
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Minnehaha Manor
Rent Specials
$1,109 - $3,059
Total Monthly Price

Total Monthly Price

Base Rent
$1,105 - $3,055
Required Monthly Fees
$4

Total Monthly Price
$1,109 - $3,059
Studio to 3 Bedroom Apartments Available Now

Minnehaha Manor

6904 10th St NOakdale, MN 55128
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property at 1173 Dundalk Trl

$4,235

Total Monthly Price

Total Monthly Price

Base Rent
$4,235

Total Monthly Price
$4,235

5 Bedroom, 4 Bath Home for Rent

Available Now

1173 Dundalk Trl

WoodburyMN55129
property at 10144 67th Ln N

$3,999

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$3,999

Total Monthly Price
$3,999

4 Bedroom, 3 Bath Home for Rent

Available Jan 1, 2026

10144 67th Ln N

StillwaterMN55082
property at 8871 Meridian Trl

$3,785

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$3,785

Total Monthly Price
$3,785

4 Bedroom, 4 Bath Townhome for Rent

Available Now

8871 Meridian Trl

WoodburyMN55125
property at 1165 Dundalk Trl

$3,725

Total Monthly Price

Total Monthly Price

Base Rent
$3,725

Total Monthly Price
$3,725

4 Bedroom, 3 Bath Home for Rent

Available Now

1165 Dundalk Trl

WoodburyMN55129

Lake Elmo, MN Local Guide

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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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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Quick Rent Budget Calculator

How much rent can you afford?

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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Frequently Asked Questions about Lake Elmo

How much are Studio apartments in Lake Elmo?

There are currently 15 Studio Apartments in Lake Elmo with rent ranges from $1,109 to $1,856 with an average price of $1,385.

What is the current price range for One Bedroom Lake Elmo Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Lake Elmo ranges from $1,209 to $2,380 with an average monthly rent of $1,666.

What does renting a Two Bedroom Apartment in Lake Elmo cost?

The monthly rent prices of Two Bedroom Apartments currently available in Lake Elmo range from $1,305 to $4,025. Today's average rental price for Two Bedrooms here is $2,343.

How expensive are Lake Elmo Three Bedroom Apartments?

There are currently 29 Three Bedroom Apartments listings available in Lake Elmo on ApartmentHomeLiving.com. The pricing ranges from $1,695 to $5,985 - averaging $2,879 for the location.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!