1164 7th St E
St. PaulMN55106
Cheap Homes for Rent in Lake Elmo, MN from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
1657 Minnehaha Ave E
St. PaulMN55106
1430 Minnehaha Ave
St. PaulMN55106
439 Cimarron
Lake ElmoMN55042
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161 1st Ave N
BayportMN55003
8034 Hill Trail N
Lake ElmoMN55042
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1802 Ross Ave E
St. PaulMN55119
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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 | $1,956 | $1,350 | $3,500 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,570 | $1,400 | $5,000 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,309 | $2,600 | $3,750 |
| Lake Elmo 5 Bedroom Homes for Rent | $3,195 | $3,195 | $3,195 |
| Lake Elmo 6 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
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 Cedrics Landing in the Ledgestone neighborhood priced from $995. Minnehaha Manor in the Midvale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,294. Here is today’s list of the most affordable Lake Elmo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedrics Landing | Studio | Studio,1BA | $995 |
| Minnehaha Manor | Birch | 1BR,1BA | $1,294 |
| Cottages of Stillwater | Two Bedroom B | 2BR,1BA | $1,305 |
Best Value Apartments for Rent in Lake Elmo, MN
As of September 17, 2025 the best value apartment in the Lake Elmo area is the $1.45 price per square foot The Luxe Model at Meridian at CityPlace in the in the Turnberry Heritage Townhomes neighborhood starting from $3,885. The second greatest value Lake Elmo apartment is the Richmond Model at Bentley Village starting at $3,625 with a $1.51 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. |
|---|---|---|---|
| Meridian at CityPlace | The Luxe | 4BR,3.5BA | $1.45 |
| Bentley Village | Richmond | 3BR,3BA | $1.51 |
| Woodhelm Townhomes | Grove-B | 2BR,2.5BA | $1.80 |
| Sundance Woodbury | Henry | 3BR,2BA | $1.75 |
| Oakdale Commons - 55+ | Shumard Oak - Accessible | 2BR,2BA | $1.52 |
| Cedrics Landing | 1 Bedroom 1.5 Bathroom + Den | 1BR,1.5BA | $1.80 |
| Briarcliff Apartments, a 55+ Community | Tamarack (3D) | 3BR,1BA | $1.82 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - D | 2BR,1BA | $1.82 |
| Crown Villa Apartments | 1+den | 1BR,1BA | $1.85 |
| The Bosk Apartment Homes | A1R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.88 |
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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 $995 to $5,785. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,350 to $5,000.
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 $1,350 to $5,000 with an average monthly rent of $2,630.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.