Lake Elmo, MN Houses for Rent

/51
$4,200 Per Month
- 5 Beds
- 3 Baths
- 2,344 Sq Ft
- House for Rent
3468 Knightsbridge Trail N, Lake Elmo, MN 55042

Step into a home built in 2025 with the kind of finishes that make everyday living feel effortless. This two story sits in North Star, one of Lake Elmo's newest communities, minutes from Stillwater and easy access to I-694.The main floor is built for how people actually live. A flex room off the entry works as a home office or formal sitting room, complete with its own window. Down the

3468 Knightsbridge Trail N, Lake Elmo, MN 55042
Explore Lake Elmo
/44
$4,000 Per Month
- 4 Beds
- 2.5 Baths
- 2,022 Sq Ft
- House for Rent
3472 Knightsbridge Trail N, Lake Elmo, MN 55042

Spacious and well-designed two-story home in desirable Lake Elmo, Minnesota, offering easy access to everyday conveniences and local attractions. This property is perfectly positioned just minutes from scenic Lake Elmo Park Reserve — a 2,100+ acre outdoor destination with miles of trails, picnic areas, swim pond, horseback riding and more — ideal for hiking, biking and outdoor recreation

3472 Knightsbridge Trail N, Lake Elmo, MN 55042

Minnesota Washington County

Frequently Asked Questions

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

The median rent for a single-family home in Lake Elmo, MN is $3,245 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses 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 $129,800 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 $3,245 per month in Lake Elmo, MN, renters typically need to show $9,735 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 17.5, 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.

Rental Home Trends in Lake Elmo, MN

There are currently 2 single-family homes available for rent in Lake Elmo, MN. The median rent is $3,245 per month, with 3-bedroom houses renting at $3,145, 4-bedroom houses at $4,000 and 5-bedroom houses at $5,075.

Rental Home Trends

Number of Houses for Rent 2	Median Single Family Home Rent $3,245
Median 3 Bedroom Single Family Home Rent $3,145	Median 4 Bedroom Single Family Home Rent $4,000
Median 5 Bedroom Single Family Home Rent $5,075

How to Rent a Home

Rentals in Lake Elmo

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