Newest Homes for Rent in Lake Elmo, MN

/47
Starting at $2,995

Total Monthly Price
- 3 Beds
9392-9485 4th St N, Lake Elmo, MN 55042

Bentley Village offers an exceptional living experience with its selection of 3 and 4 bedroom townhome rentals. Nestled in a picturesque location, these townhomes provide a tranquil retreat while being conveniently located near all the amenities you need. Immerse yourself in the spaciousness and elegance of these well-designed townhomes, featuring modern finishes, ample storage, and private

Bentley Village

(651) 383-1862

9392-9485 4th St N, Lake Elmo, MN 55042
Explore Lake Elmo
/50
Starting at $1,515

Total Monthly Price
- Studio - 3 Beds
9600 Hudson Blvd N, Lake Elmo, MN 55042

Springs at Lake Elmo is a beautiful premium apartment community ideally located in Lake Elmo, MN. Our community embraces a unique townhome-style approach to apartment living. Our private entry studio, 1, 2 & 3 bedroom homes are complete with modern finishes and details. Springs at Lake Elmo has top-notch community amenities such as a resort-style swimming pool, community clubhouse and

Springs at Lake Elmo

(651) 504-3632

9600 Hudson Blvd N, Lake Elmo, MN 55042
/27
Starting at $2,925

Total Monthly Price
- 2 Beds
11300 Upper 39th St Cir N, Lake Elmo, MN 55042

Tucked into the beautiful, peaceful setting of Lake Elmo, MN, you will find Woodhelm Townhomes. These BRAND NEW upscale residences balance a connected lifestyle with a peaceful retreat. Each 2-3 bedroom townhome features spacious layouts flooded with natural light, complemented by modern finishes. Ease into an effortless lifestyle with included lawn care and snow removal, two-stall heated

Woodhelm Townhomes

(651) 877-6243

11300 Upper 39th St Cir N, Lake Elmo, MN 55042
/34
$3,725 Per Month
- 4 Beds
- 3.5 Baths
- 2,337 Sq Ft
- Townhouse for Rent
9265 4th St N, Lake Elmo, MN 55042

Special offers may still apply and will depend on the move in date. This is the Taylor plan with other floor plans available. Are you looking for a luxury living experience unlike any other in Lake Elmo, MN? Come home to one of the contemporary townhomes for rent at Bentley Village. Here, you'll enjoy living in your own spacious, single-family home without having to worry about hassles like yard

Amy Westerlund Keller Williams Premier Realty

9265 4th St N, Lake Elmo, MN 55042
/19
$1,895

Total Monthly Price
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
2767 Lake Elmo Ave N Unit Lower level, Lake Elmo, MN 55042

Lakefront property, renter has a private lakefront with a dock, for a small boat. This is the lower level of a single-family home. and offers a very natural setting. Lake Elmo is a nice clear lake that is 140' deep in some areas. It is great for paddleboarding, kayaking boating and fishing. There is a car port to keep the car covered. Tenants will have access to the front yard for recreational

2767 Lake Elmo Ave N Unit Lower level, Lake Elmo, MN 55042
/35
$2,995 Per Month
- 3 Beds
- 2.5 Baths
- 1,777 Sq Ft
- Townhouse for Rent
9393 4th St N, Lake Elmo, MN 55042

Special offers may still apply and will depend on the move in date. This is the Saint Clair Interior Floor Plan with other floor plans available, as well as 4BR Units. Are you looking for a luxury living experience unlike any other in Lake Elmo, MN? Come home to one of the contemporary townhomes for rent at Bentley Village. Here, you'll enjoy living in your own spacious, single-family home

Amy Westerlund Keller Williams Premier Realty

9393 4th St N, Lake Elmo, MN 55042
/34
$3,095 Per Month
- 3 Beds
- 2.5 Baths
- 1,777 Sq Ft
- Townhouse for Rent
9274 4th St N, Lake Elmo, MN 55042

Special offers may still apply and will depend on the move in date. This is the Saint Clair Interior Floor Plan with other floor plans available, as well as 4BR Units. Are you looking for a luxury living experience unlike any other in Lake Elmo, MN? Come home to one of the contemporary townhomes for rent at Bentley Village. Here, you'll enjoy living in your own spacious, single-family home

Amy Westerlund Keller Williams Premier Realty

9274 4th St N, Lake Elmo, MN 55042
/20
$1,900 Per Month
- 3 Beds
- 2 Baths
- 1,356 Sq Ft
- Property for Rent
16 Cimarron Unit 16, Lake Elmo, MN 55042

COMING SOON! Currently under construction. Welcome to Cimarron Park, a all age active and vibrant community, where your dream home is coming to life. We are excited to offer a stunning, brand new, beautiful 2026 3 bed, 2 bath home for sale, featuring approximately 1356 sq ft of thoughtfully designed living space. Located in Lake Elmo, this soon-to-be-completed property will offer the perfect

Jessica Jessen Cimarron Park and Golf

16 Cimarron Unit 16, Lake Elmo, MN 55042
/20
$1,999 Per Month
- 3 Beds
- 2.5 Baths
- 1,460 Sq Ft
- Property for Rent
154 Cimarron Unit 154, Lake Elmo, MN 55042

Welcome to Cimarron Park, an all-age vibrant community, where you can find yourself in your dream home. We have a stunning 3-bedroom, 2.5-bathroom home for sale featuring 1460 sq ft of beautifully designed living space. Located in Lake Elmo near Saint Paul, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an open concept floor plan, natural

Jessica Jessen Cimarron Park and Golf

154 Cimarron Unit 154, Lake Elmo, MN 55042
/17
$1,999 Per Month
- 3 Beds
- 2 Baths
- 1,356 Sq Ft
- Property for Rent
691 Cimarron Unit 691, Lake Elmo, MN 55042

Welcome to Cimarron Park, an all-age vibrant community, where you can find yourself in your dream home. We have a stunning 3-bedroom, 2-bathroom home for sale featuring 1456 sq ft of beautifully designed living space. Located in Lake Elmo near Saint Paul, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an open concept floor plan, natural

Jessica Jessen Cimarron Park and Golf

691 Cimarron Unit 691, Lake Elmo, MN 55042

Minnesota Washington County Lake Elmo

Frequently Asked Questions

How much does it cost to rent a home in Lake Elmo, MN?

The median rent for a home in Lake Elmo, MN is $3,045 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.

How much do you need to make to afford rent in Lake Elmo, MN?

To comfortably afford the median rent in Lake Elmo, MN, a household needs to earn roughly $121,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,045 per month in Lake Elmo, MN, renters typically need to show $9,135 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Lake Elmo, MN?

In Lake Elmo, MN, the price-to-rent ratio is 17.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Lake Elmo, MN are best for renting a home?

The best neighborhood for renting in Lake Elmo, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Battle Creek, Vista Hills, Hazelwood, Downtown and Beaver Lake, each with its own character and price range.

Rental Home Trends in Lake Elmo, MN

There are currently 10 homes available for rent in Lake Elmo, MN. The median rent is $3,045 per month, with single-family homes renting at $3,045 and condos at $1,895.

Rental Home Trends

Number of Homes for Rent

Median Rent

$3,045

Median Single Family Home Rent

$3,045

Median Condo Rent

$1,895

How to Rent a Home

Rentals in Lake Elmo

Homes for Rent by Bedrooms in Lake Elmo

Rentals by Price in Lake Elmo

More About Living in Lake Elmo

Homes for Rent in Nearby Neighborhoods

Homes for Rent in Nearby Cities

Homes for Rent in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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