Lake Elmo, MN rental market

What is the average rent in Lake Elmo, MN?

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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.

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Rent frequencies
Rent priceNumber of rental properties
$1,5001
$1,6002
$1,8004
$1,9003
$2,0001
$2,5001
$2,8001
$3,2001
$3,3001
$3,5001
$3,9001
$4,0001
$5,000+1

Average rent price over time

In the last year, rent has decreased by $1,090 compared to the previous year.

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Average rent price over time
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$2,850No data
Aug$3,010No data
Sep$2,695No data
Oct$2,900No data
Nov$2,869No data
Dec$3,272No 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.

hot

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.

Lake Elmo, MNvs.

$1,999

$2,010

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Frequently asked questions

1. What is the average rent in Lake Elmo, MN?

The average rent in Lake Elmo, MN is $1,999.

2. What is the average rent for a studio apartment in Lake Elmo, MN?

The average rent for a studio apartment in Lake Elmo, MN is $1,427 per month.

3. What is the average rent for a one-bedroom apartment in Lake Elmo, MN?

The average rent for a one-bedroom apartment in Lake Elmo, MN is $1,595 per month.

4. What is the average rent for a two-bedroom apartment in Lake Elmo, MN?

The average rent for a two-bedroom apartment in Lake Elmo, MN is $1,825 per month.

5. What is the average rent for a three-bedroom apartment in Lake Elmo, MN?

The average rent for a three-bedroom apartment in Lake Elmo, MN is $1,999 per month.

6. What is the average rent for a four-bedroom apartment in Lake Elmo, MN?

The average rent for a four-bedroom apartment in Lake Elmo, MN is $4,598 per month.

7. How much does it cost to rent a house in Lake Elmo, MN?

Houses in Lake Elmo, MN rent between $1,420 - $5,500 with an average rent of $1,999.

8. How has the rent in Lake Elmo, MN changed in the last year?

In the last year, the rent in Lake Elmo, MN decreased by $1,090

9. How much has the rent in Lake Elmo, MN increased/decreased in the last month?

In the last month, the rent in Lake Elmo, MN did not change.

10. How many available rentals are there in Lake Elmo, MN?

There are currently 17 rentals available in Lake Elmo, MN.

11. How do rent prices in Lake Elmo, MN compare with the national average?

The average rent in Lake Elmo, MN is $1,999 — less than 1% lower the national average of $2,010.

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