Search the lowest-cost Apartments available for rent right now in the Elmwood area of Saint Louis Park.
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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.
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.
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,472 | $1,031 | $2,211 |
| Elmwood 1 Bedroom Apartments | $1,817 | $999 | $5,670 |
| Elmwood 2 Bedroom Apartments | $2,732 | $1,350 | $10,000+ |
| Elmwood 3 Bedroom Apartments | $4,404 | $2,265 | $10,000+ |
| Elmwood 4 Bedroom Apartments | $5,072 | $2,395 | $7,749 |
There are currently 42 rentals with your search options within a 2 mile radius of the Elmwood Neighborhood of Saint Louis Park, MN.
See all Apartments in Saint Louis ParkThe cheapest available apartment rental in the Elmwood area of St. Louis Park, MN is a 1 Bed unit found at 1210-1220 Cambridge St. (Hopkins) priced from $999. Knollwood Towers West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,033. Here are the most affordable Elmwood apartments for rent in St. Louis Park, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1210-1220 Cambridge St. (Hopkins) | 1b | 1BR,1BA | $999 |
| Knollwood Towers West Apartments | Studio | Studio,1BA | $1,033 |
| Colonial Terrace | Studio | Studio,1BA | $1,049 |
| 3551-3559 Huntington Ave S. | 1-BR | 1BR,1BA | $1,049 |
| Park Trails | Studio | Studio,1BA | $1,059 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1,095 |
| Axon Green | Coral | Studio,1BA | $1,146 |
| Era on Excelsior | Drive - Income Restrictions Apply | 1BR,1BA | $1,149 |
| Westwood Gardens | 1br | 1BR,1BA | $1,150 |
| Minikahda Court Apartments | The Isles | Studio,1BA | $1,174 |
As of April 27, 2026 the best value apartment in the Elmwood area is the $1.80 price per square foot 2 Bedroom Townhome Model at Somerset Oaks Apartments and Townhomes in the in the Creekside neighborhood starting from $2,015. The second greatest value Elmwood apartment is the The Quartz Model at Fine Living at Aquila Park & Royal Park starting at $1,516 with a $1.38 price per square foot in the Creekside neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Somerset Oaks Apartments and Townhomes | 2 Bedroom Townhome | 2BR,1BA | $1.80 |
| Fine Living at Aquila Park & Royal Park | The Quartz | 2BR,1BA | $1.38 |
| The Edge of Uptown | Two Bedroom 22C | 2BR,2BA | $1.68 |
| Lake Harriet Commons | 2 Bed 1 Bath 900 SF 1st Floor | 2BR,1BA | $1.55 |
| 2700-2727 Rhode Island Ave S. (Rhode Island Chateau) | 1L | 1BR,1BA | $1.55 |
| Westwood Gardens | 1 BD reno | 1BR,1BA | $1.67 |
| Arbor Court | 1 Bedroom A - 60 | 1BR,1BA | $1.94 |
| 1210-1220 Cambridge St. (Hopkins) | 1BR Renovated | 1BR,1BA | $1.64 |
| Park Point Properties | Park Point I One Bedroom | 1BR,1BA | $1.87 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1.80 |
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDiscover 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.
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Read ArticleDiscover 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 ArticleThe 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.
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Write a ReviewAmong cities in Minnesota for Apartment listings with Pet Friendly Amenities.
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,174.
The cheapest apartment in Elmwood is 1210-1220 Cambridge St. (Hopkins) which is listed at $999, while the average apartment in Elmwood costs $5,072.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Elmwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Elmwood have an average cost of $108 which is $4,964 cheaper than the average rent for all rentals in Elmwood.
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