
Cheap Apartments for Rent in the Elmwood Neighborhood of Saint Louis Park, MN from $800 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elmwood area of Saint Louis Park.


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Fine Living at Aquila Park & Royal Park

Colonial Terrace

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Zelia on Seven

Park Trails

The Edge of Uptown

Lynn Plaza

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Era on Excelsior

Rhode Island Chateau Apartments
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.

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Minikahda Court Apartments

Park Point Properties

Park Flats Apartments

Westwood Gardens

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Ellipse on Excelsior and E2

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Arrive St Louis Park

Somerset Oaks Apartments and Townhomes

The Quentin

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Arrive 4301
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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Hoigaard Village

Corsa

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Cityscape

Arrive Inglewood Trails

Parkway 25

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Helix

Parkway Place

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Verge

Arlo West End
The Art of the Rental Viewing: What to look for during a property tour
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.

Erlmar Properties

4016 Utica Ave S

6224 Hamilton St

6211 Hamilton St

1210-1220 Cambridge St. (Hopkins)

Knollwood Towers West Apartments

Axon Green

The Lorient

3701 Lake St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Second Street Station

Allegro

The Bryn

Lake Harriet Commons

The Gateway at West Lake Quarter

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The Hallon

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Foundry Lake Street

Altitude Residences

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The Eloise Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

LakeHaus

Arbor Court
Elmwood, St. Louis Park, MN Local Guide

How much does it cost to rent an apartment in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,502 | $999 | $2,141 |
| Elmwood 1 Bedroom Apartments | $1,752 | $999 | $5,670 |
| Elmwood 2 Bedroom Apartments | $2,470 | $1,250 | $7,655 |
| Elmwood 3 Bedroom Apartments | $3,517 | $2,265 | $6,552 |
| Elmwood 4 Bedroom Apartments | $4,251 | $2,400 | $7,953 |
Browse Apartments in this Neighborhood
There are currently 47 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 ParkExplore Saint Louis Park
Elmwood, St. Louis Park, MN Local Guide
- Nearby Saint Louis Park neighborhoods
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Cheapest Available Elmwood Apartments for Rent
 The 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 $999. 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 | $999 |
| Huntington Ave Apartments | 1 Bedroom | 1BR,1BA | $999 |
| Axon Green | Ivory | Studio,1BA | $1,045 |
| Colonial Terrace | Studio | Studio,1BA | $1,049 |
| Park Trails | Studio | Studio,1BA | $1,059 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1,095 |
| Era on Excelsior | Drive - Income Restrictions Apply | 1BR,1BA | $1,124 |
| Rhode Island Chateau Apartments | One Bedroom | 1BR,1BA | $1,150 |
| 3701 Lake St | One Bedroom | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Elmwood, MN
As of January 20, 2026 the best value apartment in the Elmwood area is the $1.36 price per square foot The Sapphire Model at Fine Living at Aquila Park & Royal Park in the in the Creekside neighborhood starting from $1,356. The second greatest value Elmwood apartment is the Two Bedroom Model at Rhode Island Chateau Apartments starting at $1,450 with a $1.45 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 Sapphire | 2BR,1BA | $1.36 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| The Edge of Uptown | Two Bedroom 22C | 2BR,2BA | $1.67 |
| Lake Harriet Commons | 2 Bed 1 Bath 900 SF 1st Floor | 2BR,1BA | $1.44 |
| 3701 Lake St | One Bedroom | 1BR,1BA | $1.48 |
| Westwood Gardens | 1br | 1BR,1BA | $1.60 |
| Allegro | 1BR/1 BA | 1BR,1BA | $1.67 |
| 1210-1220 Cambridge St. (Hopkins) | 1b/L | 1BR,1BA | $1.55 |
| Park Flats Apartments | 1BR/1.0BA | 1BR,1BA | $1.71 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1.80 |
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 ArticleThe 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.
Pet Friendly LifestyleElmwood, Saint Louis Park, MN
Ranked #27
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Elmwood Apartments
What is the Cheapest Studio apartment in Elmwood?
Currently the most affordable Cheap Studio Apartment in Elmwood is at Knollwood Towers West Apartments listed at $999.
How much is rent for a Cheap One Bedroom Elmwood Apartment?
The lowest price for a Cheap One Bedroom Elmwood Apartment is $999 at 1210-1220 Cambridge St. (Hopkins).
What is the lowest price for a Cheap Two Bedroom Elmwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elmwood is starting from $1,295 at Lake Harriet Commons.
What is the most affordable Elmwood Three Bedroom Apartment?
The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Zelia on Seven and starts from $2,479.
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

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.

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!