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.
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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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,441 | $1,031 | $2,033 |
| Elmwood 1 Bedroom Apartments | $1,791 | $1,049 | $5,670 |
| Elmwood 2 Bedroom Apartments | $2,615 | $1,325 | $10,000+ |
| Elmwood 3 Bedroom Apartments | $3,614 | $2,405 | $5,937 |
| Elmwood 4 Bedroom Apartments | $8,543 | $7,137 | $9,950 |
There are currently 51 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 Huntington Ave Apartments priced from $1,049. Lynn Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Elmwood apartments for rent in St. Louis Park, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Huntington Ave Apartments | 1-BR | 1BR,1BA | $1,049 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1,095 |
| Era on Excelsior | Drive - Income Restrictions Apply | 1BR,1BA | $1,149 |
| Rhode Island Chateau Apartments | 1 | 1BR,1BA | $1,150 |
| Westwood Gardens Apartments | 1br | 1BR,1BA | $1,150 |
| Knollwood Towers West Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,159 |
| Park Point Properties | Park Point I One Bedroom | 1BR,1BA | $1,180 |
| 3701 Lake St | 1 | 1BR,1BA | $1,199 |
| Axon Green | Citrine | Studio,1BA | $1,202 |
| Park Flats | 1BR/1.0BA | 1BR,1BA | $1,249 |
As of June 12, 2026 the best value apartment in the Elmwood area is the $1.38 price per square foot The Quartz Model at Fine Living at Aquila Park & Royal Park in the in the Creekside neighborhood starting from $1,516. The second greatest value Elmwood apartment is the 2R - Ren Model at Westwood Gardens starting at $1,550 with a $1.58 price per square foot in the Elmwood 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. |
|---|---|---|---|
| Fine Living at Aquila Park & Royal Park | The Quartz | 2BR,1BA | $1.38 |
| Westwood Gardens | 2R - Ren | 2BR,1BA | $1.58 |
| Somerset Oaks Apartments and Townhomes | 1 Bedroom Apartment | 1BR,1BA | $1.77 |
| 3701 West Lake St. | 1 | 1BR,1BA | $1.55 |
| Rhode Island Chateau Apartments | 1L | 1BR,1BA | $1.55 |
| Allegro | 1BR/1 BA | 1BR,1BA | $1.67 |
| Park Flats | 1BR/1.0BA | 1BR,1BA | $1.78 |
| Park Point Properties | Park Point I One Bedroom | 1BR,1BA | $1.87 |
| Knollwood Towers West Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.87 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1.80 |
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 ArticleFrom 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 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 $1,249.
The cheapest apartment in Elmwood is 3551-3559 Huntington Ave S. which is listed at $1,049, while the average apartment in Elmwood costs $8,543.
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 $105 which is $8,438 cheaper than the average rent for all rentals in Elmwood.
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