Apartments for Rent in Lake Elmo, MN

Prices and availability in Lake Elmo, MN were last updated on 22 Aug 2026.

The best apartments in Lake Elmo, MN are: 4047 Kokanee Ln. N., 9733 8th St. N., 9542 8th St. N., 11781 34th St. N. and 10771 40th St. N..

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

In Lake Elmo 6% of the housing is rented out compared to 94% of homes are owned, according to the most recent Census Bureau estimates. 37% of Lake Elmo's apartments are found in large buildings of 50 units or more, 51% are located in smaller apartment complexes with less than 50 units, and 12% are single-family rentals.

The average age of rental buildings in Lake Elmo is 3 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lake Elmo come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 50% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Lake Elmo. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.