1164 7th St E
St. PaulMN55106
Cheap Homes for Rent in Lake Elmo, MN from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
1657 Minnehaha Ave E
St. PaulMN55106
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$1,439
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Studio Apartments Available NowFurnished Studio-Minneapolis - Woodbury
10020 Hudson RdWoodbury, MN 55129
161 1st Ave N
BayportMN55003
1534 Cottage Dr
StillwaterMN55082
498 Cimarron
Lake ElmoMN55042
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.
9305 Turnberry Alcove
WoodburyMN55125
8958 Spring Ln
WoodburyMN55125
490 Cimarron
Lake ElmoMN55042
691 Cimarron
Lake ElmoMN55042
154 Cimarron
Lake ElmoMN55042
665 Woodduck Dr
WoodburyMN55125
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 | $2,160 | $1,350 | $2,903 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,841 | $1,799 | $4,500 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,255 | $2,395 | $3,785 |
| Lake Elmo 5 Bedroom Homes for Rent | $3,643 | $3,095 | $4,235 |
| Lake Elmo 6 Bedroom Homes for Rent | $4,500 | $3,100 | $5,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Lake Elmo, MN Local Guide
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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 $1,099. Cottages of Stillwater in the Settlers Glen neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,250. 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 | $1,099 |
| Cottages of Stillwater | Two Bedroom B | 2BR,1BA | $1,250 |
| Cedrics Landing | Studio | Studio,1BA | $1,280 |
| Briar Pond Apartments | 2 Bedrooms Townhome Floor Plan H | 2BR,2BA | $1,338 |
| The Espen Residences | Cypress | Studio,1BA | $1,344 |
Best Value Apartments for Rent in Lake Elmo, MN
As of November 03, 2025 the best value apartment in the Lake Elmo area is the $1.41 price per square foot The Luxe Model at Meridian at CityPlace in the in the Turnberry Heritage Townhomes neighborhood starting from $3,785. The second greatest value Lake Elmo apartment is the Grove-B Model at Woodhelm Townhomes starting at $3,025 with a $1.65 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. |
|---|---|---|---|
| Meridian at CityPlace | The Luxe | 4BR,3.5BA | $1.41 |
| Woodhelm Townhomes | Grove-B | 2BR,2.5BA | $1.65 |
| Bentley Village | St. Clair | 3BR,3BA | $1.74 |
| Briar Pond Apartments | 2 Bedrooms Townhome Floor Plan H | 2BR,2BA | $1.27 |
| Oakdale Commons - 55+ | Shumard Oak - Accessible | 2BR,2BA | $1.52 |
| Briarcliff Apartments, a 55+ Community | Tamarack (3D) | 3BR,1BA | $1.82 |
| Crown Villa Apartments | 1+den | 1BR,1BA | $1.85 |
| Cottages of Stillwater | Two Bedroom A | 2BR,1BA | $1.49 |
| The Bosk Apartment Homes | A2R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.85 |
| The Legends of Woodbury 55+ Apartments | One Bedroom - B | 1BR,1BA | $1.85 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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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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 61 Apartments for Rent in Lake Elmo, MN with pricing that ranges from $1,034 to $5,783. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,095 to $5,900.
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 $1,095 to $5,900 with an average monthly rent of $2,915.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.