Lake Elmo MN Apartments

5 rentals

Apartments For Rent Near Lake Elmo, MN

We found 26 more apartments matching your filters just outside Lake Elmo

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 for a apartment decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Jul 2025.
MonthAverage rent
Sep 2025$2,971
Oct 2025$2,627
Nov 2025$2,557
Dec 2025$2,461
Jan 2026$2,476
Feb 2026$2,438
Mar 2026$2,425
Apr 2026$2,494
May 2026$1,900
Jun 2026$2,527
Jul 2026$2,527
Aug 2026$1,928
View as a graph

Average Rent By Bedroom and Home Type

In August 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$1,595$2,128$1,900$4,000$1,999
Townhomes——$2,495—$2,495
Apartments and Condos$1,595$1,650$1,850—$1,850
Houses—$2,000$2,445$4,000$4,000
See more information about local market trends in Lake Elmo, MN

Frequently Asked Questions about Apartments and Condos for rent 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 $1,931 per month. This is about 2% lower than the national average.
  • When is the average rent for an apartment cheapest in Lake Elmo, MN?
    In the last year, the average rent in Lake Elmo, MN was lowest in Jun 2025 when it was $2,385 per month.
  • When is the average rent for an apartment most expensive in Lake Elmo, MN?
    In the last year, the average rent in Lake Elmo, MN was highest in Jul 2025 when it was $2,977 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 $1,653 per month. That is about $185 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in Lake Elmo, MN?
    There are 11 available apartments or condos to rent 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.
View this page in Spanish: Lake Elmo, MN Apartamentos - 62 Apartamentos | Trulia