Lake Elmo, MN rental market
What is the average rent in Lake Elmo, MN?
Last updated June 24, 2026
Rental market summary
The average rent for all bedrooms and all property types in Lake Elmo, MN is $1,999.
Average rent
$1,999
Month-over-month change
$0
Year-over-year change
-$1,090
Available rentals
17
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,420 to $5,500.
| Rent price | Number of rental properties |
|---|---|
| $1,500 | 1 |
| $1,600 | 2 |
| $1,800 | 4 |
| $1,900 | 3 |
| $2,000 | 1 |
| $2,500 | 1 |
| $2,800 | 1 |
| $3,200 | 1 |
| $3,300 | 1 |
| $3,500 | 1 |
| $3,900 | 1 |
| $4,000 | 1 |
| $5,000+ | 1 |
Average rent price over time
In the last year, rent has decreased by $1,090 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $3,109 | $2,900 |
| Feb | $3,150 | $1,999 |
| Mar | $2,661 | $1,999 |
| Apr | $1,695 | $2,228 |
| May | $3,150 | $1,999 |
| Jun | $2,800 | $1,999 |
| Jul | $2,850 | No data |
| Aug | $3,010 | No data |
| Sep | $2,695 | No data |
| Oct | $2,900 | No data |
| Nov | $2,869 | No data |
| Dec | $3,272 | No data |
Market temperature
The Lake Elmo, MN rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Lake Elmo, MN is 0.55% lower than the national average.
$1,999
$2,010
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Frequently asked questions
1. What is the average rent in Lake Elmo, MN?
2. What is the average rent for a studio apartment in Lake Elmo, MN?
3. What is the average rent for a one-bedroom apartment in Lake Elmo, MN?
4. What is the average rent for a two-bedroom apartment in Lake Elmo, MN?
5. What is the average rent for a three-bedroom apartment in Lake Elmo, MN?
6. What is the average rent for a four-bedroom apartment in Lake Elmo, MN?
7. How much does it cost to rent a house in Lake Elmo, MN?
8. How has the rent in Lake Elmo, MN changed in the last year?
9. How much has the rent in Lake Elmo, MN increased/decreased in the last month?
10. How many available rentals are there in Lake Elmo, MN?
11. How do rent prices in Lake Elmo, MN compare with the national average?
Zip codes in Lake Elmo, MN
