4806 Helmo Ave N
OakdaleMN55128
Cheap Homes for Rent in Lake Elmo, MN from $1,300 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
542 Hazel St N
St. PaulMN55119
161 1st Ave N
BayportMN55003
493 Cimarron
Lake ElmoMN55042
1610 Helena Rd N
OakdaleMN55128
393 Leeward Trl
WoodburyMN55129
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.
296 Cimarron
Lake ElmoMN55042
530 Cimarron
Lake ElmoMN55042
119 Cimarron
Lake ElmoMN55042
121 Cimarron
Lake ElmoMN55042
16 Cimarron
Lake ElmoMN55042
2852 Brewers Ln
StillwaterMN55082
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.
2852 Brewers Ln
StillwaterMN55082
691 Cimarron
Lake ElmoMN55042
154 Cimarron
Lake ElmoMN55042
6762 Gretchen Ct N
OakdaleMN55128
close
View Me
$2,099Studio Apartments Available Now
Furnished Studio-Minneapolis - Woodbury
10020 Hudson RdWoodbury, MN 55129
16724 Upper 5th St N
LakelandMN55043
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.
8944 Spring Ln
WoodburyMN55125
Showing Results 1-19, Page 1 of 1
Lake Elmo, MN Local Guide
Winter at Lake Elmo Park Reserve in Washington County, Minnesota by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Lake Elmo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Elmo 2 Bedroom Homes for Rent | $2,064 | $1,500 | $2,595 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,618 | $1,659 | $3,500 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,323 | $2,600 | $4,500 |
| Lake Elmo 5 Bedroom Homes for Rent | $5,250 | $3,500 | $7,000 |
| Lake Elmo 6 Bedroom Homes for Rent | $5,178 | $3,040 | $6,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lake Elmo
Explore Lake Elmo
Lake Elmo, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,189. 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 | $1,189 |
| Cedric's Landing | Studio, 1 Bathroom | Studio,1BA | $1,248 |
| The Oakmark | S1 | Studio,1BA | $1,295 |
| Curve Crest Villas | 1 Bedroom TXC | 1BR,1BA | $1,365 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1,368 |
Best Value Apartments for Rent in Lake Elmo, MN
As of July 17, 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 |
| 4806 Helmo Ave N, Unit Large Lower Level Apartment | 4806 Helmo Ave N | 1BR,1BA | $1.00 |
| Regency Hill Apartments | Red Rock | 2BR,2BA | $1.51 |
| Seasons Villas | Diamond Hudson | 2BR,1.5BA | $1.72 |
| Reserve At Settlers Ridge | Brook - 60% AMI | 2BR,2BA | $1.81 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - D | 2BR,1BA | $1.85 |
| BRIARCLIFF APARTMENTS | Walnut | 2BR,1BA | $1.88 |
| The Bosk Apartment Homes | A1R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.81 |
| Curve Crest Villas | 1 Bedroom TXC | 1BR,1BA | $1.88 |
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.
Read Article
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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Lake Elmo area?
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 Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Elmo, MN Rentals by Map
See the most popular apartments and homes in Lake Elmo, MN
Frequently Asked Questions about Lake Elmo
What type of rentals are currently available in Lake Elmo?
There are currently 70 Apartments for Rent in Lake Elmo, MN with pricing that ranges from $1,118 to $5,373. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,300 to $7,000.
What is the current price range for Rental Homes in Lake Elmo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Elmo ranges from $1,300 to $7,000 with an average monthly rent of $3,305.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.