What's the average rent in Lake Elmo, MN?

Rental Market Trends in Lake Elmo, MN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Lake Elmo, MN is $1,999 per month, which is 2% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$1,999

0.0%No change month over month

-33.1%-$991 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,931

HOUSES

$4,000

TOWNHOUSES

$2,495

As of August 2026, apartments are the most affordable rental option in Lake Elmo, MN at $1,931 per month, while houses are the most expensive at $4,000 per month. Townhomes average $2,495 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,595
2 Bedrooms	$2,000
3 Bedrooms	$1,999
4 Bedrooms	$4,000
All	$1,999

As of August 2026, the average rent for a 1 bedroom rental in Lake Elmo, MN is $1,595 per month, followed by $2,000 for a 2 bedroom rental, $1,999 for a 3 bedroom rental, and $4,000 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,825
3 Bedrooms	$2,495
4 Bedrooms	—
All	$2,495

As of August 2026, the average rent for a 2 bedroom townhome in Lake Elmo, MN is $1,825 per month, followed by $2,495 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,595
2 Bedrooms	$1,650
3 Bedrooms	$1,850
4 Bedrooms	—
All	$1,850

As of August 2026, the average rent for a 1 bedroom apartment in Lake Elmo, MN is $1,595 per month, followed by $1,650 for a 2 bedroom apartment, and $1,850 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,000
3 Bedrooms	$2,445
4 Bedrooms	$4,000
All	$4,000

As of August 2026, the average rent for a 2 bedroom house in Lake Elmo, MN is $2,000 per month, followed by $2,445 for a 3 bedroom house, and $4,000 for a 4 bedroom house.