Apartments For Rent in Lake Elmo, MN

15 rentals

Apartments For Rent Near Lake Elmo, MN

We found 30 more apartments matching your filters just outside Lake Elmo

What Locals Say about Lake Elmo

  • Rthorson44
    "Lake Elmo downtown events and businesses - new and old- all add to the charm of this community. Great restaurants- yummy pizza shop. Awesome ice cream AND a great liquor store "
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  • Ruben.dmaring
    "I lived here for a year, pretty safe neighborhood, nice community, quiet, calm, safe, close to everything"
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  • Tamar
    "We both Work from home, however, easy access to grocery, shopping, entertainment, parks, cities etc."
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  • Abattah21
    "It’s safe, quiet and a good neighborhood to raise kids in. I love this town. People seem friendly and welcoming"
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  • Raj S.
    "Great city. A lot of activity. Friendly people. Lake Elmo lake- human made beach is incredibly beautiful. Perfect place to spend family times, especially if you little kids."
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  • Susan T.
    "The area is wonderful. Quiet, easy access to highway, Lake Demontriville is only a few blocks away, Gateway Trail located at the end of the block, Stillwater and Maplewood just minutes away for Shopping. "
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Average Rent Trends in Lake Elmo, MN

Rent in Lake Elmo, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
Jun 2025$2,800
Jul 2025$2,850
Aug 2025$3,010
Sep 2025$2,695
Oct 2025$2,900
Nov 2025$2,869
Dec 2025$3,272
Jan 2026$2,900
Feb 2026$1,999
Mar 2026$1,999
Apr 2026$2,228
May 2026$1,999
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,698$1,995$1,999$4,111$1,999
Townhomes——$2,698—$2,699
Apartments and Condos—$1,845$1,999—$1,973
Houses—$1,928—$4,089$4,089
See more information about local market trends in Lake Elmo, MN

Frequently Asked Questions about Rentals in Lake Elmo, MN

  • What is the average rent of an apartment in Lake Elmo, MN?
    The average rent of an apartment in Lake Elmo, MN is $2,588 per month. This is about 34% higher than the national average.
  • What is the average rent of a house in Lake Elmo, MN?
    The average rent of a house in Lake Elmo, MN is $4,089 per month. This is about 112% higher than the national average.
  • What is the average rent of a townhome in Lake Elmo, MN?
    The average rent of a townhome in Lake Elmo, MN is $2,699 per month. This is about 40% higher than the national average.
  • When is the average rent cheapest in Lake Elmo, MN?
    In the last year, the average rent in Lake Elmo, MN was lowest in Apr 2025 when it was $1,695 per month.
  • When is the average rent most expensive in Lake Elmo, MN?
    In the last year, the average rent in Lake Elmo, MN was highest in Dec 2025 when it was $3,272 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Lake Elmo, MN?
    The average rent of a 1 bedroom apartment in Lake Elmo, MN is $1,698 per month. That is about $346 more than the cost of a studio apartment.
  • How many available rental listings are in Lake Elmo, MN?
    There are 16 available rental listings in Lake Elmo, MN.
  • What are some zip codes in Lake Elmo, MN?
    Lake Elmo, MN includes zip codes such as: 55042.
  • What are some cities near Lake Elmo, MN?
    Some nearby cities include: Oakdale, Pine Springs, Landfall Village, Oak Park Heights, Willernie. These cities may have more rental options to explore.