What is the average apartment size in Lake Elmo?

The average size for a Lake Elmo, MN apartment is 1,237 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Lake Elmo?

As of Sep / 2025, the average rent in Lake Elmo is $2,261 per month, a 7.64% increase from last year’s average of $2,100.

What is the average apartment size in Lake Elmo?

The typical apartment in Lake Elmo offers about 1,237 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Lake Elmo, MN Rental Market Trends

Q: What's the typical rent budget in Lake Elmo?

The typical rent budget in Lake Elmo ranges from $2,001 to $2,500 per month, with 41% of rentals in this range.

Q: Do most people rent or own in Lake Elmo?

In Lake Elmo, 8% of households rent while 92% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lake Elmo is $2,261, a 7.64% increase compared to the previous year, when the average rent was $2,100.

Three-bedroom apartments deliver maximum space (1,653 sq ft) for $2,923, suitable for larger households.

Average rent in Lake Elmo, MN

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,261	1,237 sq. ft.
Studio	n/a	n/a
1 Bed	n/a	n/a
2 Beds	n/a	n/a
3 Beds	$2,923	1,653 sq. ft.

Lake Elmo, MN rent trends

Rental prices in Lake Elmo, MN have increased by 7.64% over the past year. The average rent moved from $2,100 to $2,261.

What's the typical rent budget in Lake Elmo, MN?

The largest share of rentals in Lake Elmo, MN (41%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Lake Elmo, MN?

351 or 8% of the households in Lake Elmo, MN are renter-occupied while 4,224 or 92% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Lake Elmo Compares to Other Cities

City	Average Rent
Lake Elmo	$2,261
Minneapolis	$1,681
St. Paul	$1,524
St. Louis Park	$1,796
Moorhead	$1,088
Bloomington	$1,661
Edina	$1,862
Rochester	$1,663
Mankato	$1,387
St. Cloud	$1,157
Eagan, MN	$1,682
Fridley, MN	$1,486
Blaine, MN	$1,666
Woodbury, MN	$2,137
Maplewood, MN	$1,458
West St. Paul, MN	$1,369
Roseville, MN	$1,433
Forest Lake, MN	$1,500

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lake Elmo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.