11274 Whitewater Dr
WoodburyMN55129
Cheap Homes for Rent in Lake Elmo, MN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
1164 7th St E
St. PaulMN55106
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$1,199
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Studio Apartments Available NowFurnished Studio-Minneapolis - Woodbury
10020 Hudson RdWoodbury, MN 55129
464 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.
6248-6250 45th St N
OakdaleMN55128
161 1st Ave N
BayportMN55003
1534 Cottage Dr
StillwaterMN55082
9255 Troon Ct
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 | $1,990 | $1,400 | $2,903 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,833 | $1,825 | $4,500 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,336 | $2,395 | $3,999 |
| Lake Elmo 5 Bedroom Homes for Rent | $4,068 | $2,995 | $5,950 |
| Lake Elmo 6 Bedroom Homes for Rent | $5,900 | $5,900 | $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 Cedrics Landing in the Ledgestone neighborhood priced from $990. Minnehaha Manor in the Midvale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,119. 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 | $990 |
| Minnehaha Manor | Aspen | Studio,1BA | $1,119 |
| Briar Pond Apartments | 2 Bedrooms Floor Plan F | 2BR,2BA | $1,245 |
Best Value Apartments for Rent in Lake Elmo, MN
As of December 25, 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 Raleigh Model at Bentley Village starting at $2,995 with a $1.74 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 | $1.41 |
| Bentley Village | Raleigh | 3BR,3BA | $1.74 |
| Woodhelm Townhomes | Flora | 2BR,2BA | $1.79 |
| The Harlan | Robin's Egg | 3BR,2BA | $1.95 |
| Seasons Villas | Diamond Hudson | 2BR,1.5BA | $1.68 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - B | 2BR,1BA | $1.75 |
| Crown Villa Apartments | 1+den | 1BR,1BA | $1.85 |
| Cottages of Stillwater | Two Bedroom B | 2BR,1BA | $1.93 |
| The Bosk Apartment Homes | A2R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.76 |
| 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
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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 63 Apartments for Rent in Lake Elmo, MN with pricing that ranges from $1,119 to $5,985. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $989 to $5,950.
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 $989 to $5,950 with an average monthly rent of $2,887.
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
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.
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.
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!