7

Studio Apartment for Rent in Lake Elmo, MN

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    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

Why Live in Lake Elmo

Lake Elmo, Minnesota, is a growing Twin Cities suburb that maintains its small-town feel even as new development reshapes the area. Over half of the homes were built after 2000, including contemporary and New Traditional designs and modern Craftsman styles, with floor plans from about 1,200 to more than 5,000 square feet. Closer to downtown, there are older late-1800s farmhouses and early-1900s bungalows, adding to the area’s historic character. Lake Elmo Park Preserve spans 2,220 acres and has plenty to do, from swimming to hiking and enjoying a picnic. Sunfish Lake Park, with its wooded trails and the Sally Manzara Interpretive Nature Center, and Lake Elmo Central Park, with a playground and athletic fields, give residents more options to get outside. Golfers can join the Royal Golf Club, a private championship course designed by Annika Sörenstam and Arnold Palmer. The historic downtown further reinforces the city’s small-town charm, with long-running spots like Hagberg’s Meats and Lake Elmo Inn, plus a library, a summer farmers market and the annual Lake Elmo 4th of July Kids Parade. Most people drive, using interstates 94 and 694 to reach downtown Saint Paul, about 15 miles away, and downtown Minneapolis, about 25 miles away. There is limited public transportation, with a limited Metro Transit bus route running along Stillwater Boulevard.

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, Payne-Phalen, Downtown, West Side and West Seventh, each with its own character and price range.

Rental Home Trends in Lake Elmo, MN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$3,045
Median Single Family Home Rent
$3,045
Median Condo Rent
$1,895
How to Rent a Home