New Townhomes For Rent in Lake Elmo, MN
2 rentals
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Apartments For Rent Near Lake Elmo, MN
We found 30 more apartments matching your filters just outside Lake Elmo
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Use arrow keys to navigateNEW - 3 HRS AGOSPECIAL OFFERPET FRIENDLYTotal price$1,613 - $3,259/mo
1-4 Beds
1-3 BathsGrand Reserve | 10285 Grand Forest Ln,
Saint Paul, MN 55129
Use arrow keys to navigateNEW - 3 HRS AGOPET FRIENDLY$1,415 - $2,250/mo1-3 Beds1-2 BathsSouthFork Townhomes Flats | 17956 Jubilee Way,
Lakeville, MN 55044
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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 for a townhome increased in Sep 2026 compared to the previous month. Rent for townhomes peaked in Dec 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jul 2026 | $2,550 |
| Aug 2026 | $2,495 |
| Sep 2026 | $2,850 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,596 | $1,750 | $1,900 | $4,000 | $1,862 |
| Townhomes | — | — | $2,497 | — | $2,497 |
| Apartments and Condos | $1,862 | $1,451 | $1,850 | — | $1,850 |
| Houses | — | $1,750 | $5,200 | $4,000 | $4,000 |
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 $2,497 per month. This is about 28% 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 many townhomes are available to rent in Lake Elmo, MN?There are 2 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.
View this page in Spanish: New Townhomes For Rent in Lake Elmo, MN - 464 Townhouses | Trulia