Townhomes For Rent in Lake Elmo, MN

5 rentals

Apartments For Rent Near Lake Elmo, MN

We found 30 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 townhome stayed about the same in Jun 2026 compared to the previous month. Rent for townhomes peaked in Dec 2025.
MonthAverage rent
Feb 2025$2,695
Mar 2025$2,610
Jul 2025$2,713
Aug 2025$2,559
Sep 2025$2,695
Oct 2025$2,495
Nov 2025$2,869
Dec 2025$2,900
Jan 2026$2,900
Apr 2026$2,700
May 2026$2,700
Jun 2026$2,695
View as a graph

Average Rent By Bedroom and Home Type

In July 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$1,825$1,999$3,695$1,999
Townhomes—$1,825$2,635—$2,635
Apartments and Condos$1,595$1,650$1,900—$1,850
Houses———$4,000$4,000
See more information about local market trends in Lake Elmo, MN

Frequently Asked Questions about Townhomes for rent in Lake Elmo, MN

  • What is the average rent of a townhome in Lake Elmo, MN?
    The average rent of a townhome in Lake Elmo, MN is $2,635 per month. This is about 35% higher than the national average.
  • When is the average rent for a townhome cheapest in Lake Elmo, MN?
    In the last year, the average rent in Lake Elmo, MN was lowest in Oct 2025 when it was $2,495 per month.
  • When is the average rent for a townhome 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 $2,900 per month.
  • How does the rent of a 3 bedroom townhome compare to a 2 bedroom townhome in Lake Elmo, MN?
    The average rent of a 3 bedroom townhome in Lake Elmo, MN is $2,635 per month. That is about $810 more than the cost of a 2 bedroom townhome.
  • How many townhomes are available to rent in Lake Elmo, MN?
    There are 3 available townhomes 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.
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