Apartments for Rent in Lake Elmo, MN

Prices and availability in Lake Elmo, MN were last updated on 12 May 2026.

The best apartments in Lake Elmo, MN are: 4047 Kokanee Ln. N., 3472 Knightsbridge Trl N and 10974 37th St N.

The average rent in Lake Elmo, MN is $2,069.

In Lake Elmo, 8% of the residents are renting compared to 92% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 23% of Lake Elmo's rentals, 47% are small-scale complexes with under 50 units, and 23% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Elmo are about 3 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Lake Elmo are around 0% of rentals, while 1-bedroom floor plans represent 50% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.