close
View Me
$1,1001 Bedroom Apartments Available Sep 1
329 Kimberly Rd, Unit 2
329 Kimberly RdWillernie, MN 55090
Cheap Homes for Rent in Lake Elmo, MN from $1,600 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
161 1st Ave N
BayportMN55003
493 Cimarron
Lake ElmoMN55042
1682 Helena Rd N
OakdaleMN55128
close
View Me
$1,7501 Bedroom Apartments Available Now
329 Kimberly Rd, Unit 2
329 Kimberly RdWillernie, MN 55090
414 Earl St
St. PaulMN55106
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
608 Kingfisher Ln
WoodburyMN55125
577 Woodduck Dr
WoodburyMN55125
127 Cimarron
Lake ElmoMN55042
119 Cimarron
Lake ElmoMN55042
121 Cimarron
Lake ElmoMN55042
296 Cimarron
Lake ElmoMN55042
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
530 Cimarron
Lake ElmoMN55042
16 Cimarron
Lake ElmoMN55042
352 Cimarron
Lake ElmoMN55042
272 Cambria Ct
WoodburyMN55125
close
View Me
$1,920Studio Apartments Available Now
Furnished Studio-Minneapolis - Woodbury
10020 Hudson RdWoodbury, MN 55129
691 Cimarron
Lake ElmoMN55042
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
154 Cimarron
Lake ElmoMN55042
483 Hickory Ln N
OakdaleMN55128
Showing Results 1-20, 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 | $1,937 | $1,600 | $2,250 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,429 | $1,659 | $3,500 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,716 | $2,850 | $4,400 |
| Lake Elmo 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
| Lake Elmo 6 Bedroom Homes for Rent | $4,270 | $3,040 | $5,500 |
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 1 Bed unit found at Oakdale Commons - 55+ in the Turnberry Heritage Townhomes neighborhood priced from $1,205. Minnehaha Manor in the Midvale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,269. Here is today’s list of the most affordable Lake Elmo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oakdale Commons - 55+ | Northern Red Oak | 1BR,1BA | $1,205 |
| Minnehaha Manor | Birch | 1BR,1BA | $1,269 |
| The Oakmark | S2 | Studio,1BA | $1,295 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1,318 |
| Reserve at Settlers Ridge I & II | Cypress - 60% AMI (BLDG II) | 1BR,1BA | $1,323 |
Best Value Apartments for Rent in Lake Elmo, MN
As of September 01, 2026 the best value apartment in the Lake Elmo area is the $1.58 price per square foot The Craftsman Model at Meridian at CityPlace in the in the Turnberry Heritage Townhomes neighborhood starting from $3,579. The second greatest value Lake Elmo apartment is the Ivywood Model at Woodhelm Townhomes starting at $3,025 with a $1.35 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 Craftsman | 3BR,3.5BA | $1.58 |
| Woodhelm Townhomes | Ivywood | 2BR,2.5BA | $1.35 |
| Bentley Village | St. Clair | 3BR,3BA | $1.71 |
| Sundance Woodbury | Henry | 3BR,2BA | $1.73 |
| Regency Hill Apartments | Larkspur | 2BR,2BA | $1.52 |
| BRIARCLIFF APARTMENTS | Balsam | 3BR,2BA | $1.69 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - F | 2BR,1.5BA | $1.65 |
| Cedric's Landing | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.78 |
| The Bosk Apartment Homes | A2R (Stainless Steel Appliances, In-Unit Laundry) | 1BR,1BA | $1.87 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1.83 |
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 Article
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.
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 $1,100 to $5,298. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,600 to $5,500.
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 $1,600 to $5,500 with an average monthly rent of $2,621.
How much are larger Three and Four Bedroom Rentals in Lake Elmo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Elmo range from $1,591 to $5,298, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,659 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $3,900.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.