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Showing all results in Lake Elmo, MN.

Show Nearby Apartments

Apartments under $700 for Rent in Lake Elmo, MN

510 Rentals
.
  3. Building Photo - Norhart Oakdale
    $317 Off
    Price Drop. $317 Off
    |
    STUDIO
    $1,409+
    1 BED
    $1,604+
    2 BEDS
    $1,977+
    3 BEDS
    $2,685+

    Norhart Oakdale

    7600 2nd St N, Oakdale, MN 55128
    Call
  28. Building Photo - 161 Cimarron
    2 BEDS, 2 BATHS
    $1,400

    161 Cimarron

    161 Cimarron, Lake Elmo, MN 55042
  32. 3 BEDS, 2.5 BATHS
    $2,200

    490 Cimarron

    490 Cimarron, Lake Elmo, MN 55042
  33. 3 BEDS, 2 BATHS
    $2,200

    498 Cimarron

    498 Cimarron, Lake Elmo, MN 55042

Lake Elmo at a Glance

Average Rent

$1,783
(All bedrooms and property types)
Learn more about
Average Rent in Lake Elmo
5

School Rating

out of 10 Rating
Learn more about
Schools in Lake Elmo
1

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Lake Elmo
35

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Lake Elmo

Lake Elmo, MN Apartments for Rent

Lake Elmo, Minnesota, sits just east of the Twin Cities, where farmland and open spaces create a peaceful setting across its 24 square miles. Apartments for rent in Lake Elmo place residents near the Lake Elmo Park Reserve, which features swimming beaches, hiking trails, and picnic areas. The city offers easy access to Minnesota State Highway 36 and Interstate 94, connecting residents to the greater metro area.

The rental market includes newer apartment communities and single-family homes, with one-bedroom apartments averaging $1,661 monthly. Lake Elmo's population grew from 8,069 in 2010 to over 11,335 in 2020, with projections showing continued growth to 21,000 by 2040. While maintaining its natural landscapes, Lake Elmo provides quick access to shopping centers, restaurants, and employment opportunities in neighboring Woodbury, Stillwater, and throughout the Twin Cities metropolitan area.

Renting in Lake Elmo

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Lake Elmo

(For 1 bedroom apartments)

Getting Around Lake Elmo

Transportation

22

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
35

Somewhat Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
1

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Public University
Public University
Public University
Private University
Private University
GreatSchools Rating
Oak-Land Middle School

Public Middle School

Public
Grades 6-8
933 Students
GreatSchools Rating
Lake Elmo Elementary

Public Elementary School

Public
Grades K-5
653 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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