close
View Me
$1,049Studio Apartments Available Now
Furnished Studio-Minneapolis - Woodbury
10020 Hudson RdWoodbury, MN 55129
Cheap Homes for Rent in Lake Elmo, MN from $1,500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elmo.
close
View Me
$1,1501 Bedroom Apartments Available Now
11074 35th St N
11074 35th St NLake Elmo, MN 55042
329 Geneva Ave N
OakdaleMN55128
542 Hazel St N
St. PaulMN55119
6248-6250 45th St N
OakdaleMN55128
161 1st Ave N
BayportMN55003
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.
4786 Grenwich Way N
OakdaleMN55128
1810 Donegal Dr
WoodburyMN55125
1775 Donegal Dr
WoodburyMN55125
16 Cimarron
Lake ElmoMN55042
6166 Upper 51st St N
OakdaleMN55128
691 Cimarron
Lake ElmoMN55042
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.
154 Cimarron
Lake ElmoMN55042
Showing Results 1-13, 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 | $1,906 | $1,500 | $2,903 |
| Lake Elmo 3 Bedroom Homes for Rent | $2,654 | $1,900 | $3,500 |
| Lake Elmo 4 Bedroom Homes for Rent | $3,147 | $1,999 | $4,200 |
| Lake Elmo 5 Bedroom Homes for Rent | $3,510 | $3,095 | $4,235 |
| Lake Elmo 6 Bedroom Homes for Rent | $5,049 | $3,200 | $6,899 |
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 Briar Pond Apartments in the Midvale neighborhood priced from $1,118. Minnehaha Manor in the Midvale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,249. Here is today’s list of the most affordable Lake Elmo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Briar Pond Apartments | 1 Bedroom Floor Plan G | 1BR,1BA | $1,118 |
| Minnehaha Manor | Birch | 1BR,1BA | $1,249 |
| Griffin Court Apartments | 2 Bedroom A | 2BR,1BA | $1,295 |
| Beyond Woodbury | Wonder | Studio,1BA | $1,356 |
| Crown Villa Apartments | 1 Bedroom/1Bath | 1BR,1BA | $1,379 |
Best Value Apartments for Rent in Lake Elmo, MN
As of February 20, 2026 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 Woodbury Afton Lake Elmo neighborhood starting from $3,785. The second greatest value Lake Elmo apartment is the Raleigh Model at Bentley Village starting at $2,695 with a $1.57 price per square foot in the Woodbury Afton Lake Elmo 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 | $1.57 |
| The Harlan | Robin's Egg | 3BR,2BA | $1.82 |
| Reserve At Settlers Ridge | Pine - 60% AMI | 3BR,2BA | $1.39 |
| Sundance Woodbury | Ridge | 2BR,2BA | $1.96 |
| The Legends of Woodbury 55+ Apartments | Two Bedroom - B | 2BR,1BA | $1.75 |
| Crown Villa Apartments | 1+den | 1BR,1BA | $1.87 |
| Griffin Court Apartments | 2 Bedroom A | 2BR,1BA | $1.47 |
| City Walk at Woodbury | Roosevelt | 1BR,1BA | $1.94 |
| Briar Pond Apartments | 1 Bedroom Floor Plan G | 1BR,1BA | $1.54 |
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
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 64 Apartments for Rent in Lake Elmo, MN with pricing that ranges from $1,049 to $6,528. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elmo ranging from $1,500 to $6,899.
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 $1,500 to $6,899 with an average monthly rent of $3,253.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.