Median Age
42 Years
Largest Age Group
55-64 Years
Approximately 15% of Residents
Under 20
26%
Over 65
19%
Lake Elmo
Lake Elmo, MN Area Guide
Avg Rent
$1,673
Population
15,197
Renter Mix
6% Rent
Lakefront farmland in the suburbs of Minneapolis
Rural
•
Lake
•
Family-Friendly
•
Outdoors
•
Commuter
•
Pastoral
•
Nestled between State Route 36 and Interstate 94, Lake Elmo is a centrally located suburb outside of Minneapolis. Residents of Lake Elmo enjoy short commutes into Saint Paul, 16 miles west, and Minneapolis, 24 miles west. This commuter-friendly small town is made up of Lake Elmo, the Lake Elmo Park Reserve, and an array of smaller lakes and neighborhood parks. Home to an active community, locals appreciate the abundance of outdoor recreation available in this small town, from boating and camping to horseback riding and hiking.
The part of town not taken up by lakes and parks is made up of pastoral land and suburban neighborhoods. Directly south of the interstate is a variety of department stores, retailers, and restaurants, so residents have more than enough dining, shopping, and entertainment options at their fingertips.
Demographics
Median Household Income
$167,808
Average: $188,652
Education
6,876
Residents Have a Degree
Job Market
8,521
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Lake Elmo has more homeowners than renters.
Renters
6%
Non-Renters
94%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
42%
Other Education
58%
Rent Trends
As of April 2026, the average apartment rent in Lake Elmo, MN is $1,360 for a studio, $1,673 for one bedroom, $2,537 for two bedrooms, and $2,957 for three bedrooms. Apartment rent in Lake Elmo has decreased by -7.0% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,673/month
869 Sq Ft
Townhome
$3,411/month
2,574 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Lake Elmo, MN is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Limited Public Transit
Transit
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Moderately Bikeable
Bikeability
60
/ 100
Scores provided by
Schools
Public
Grades K-5
653 Students
Public
Grades K-8
101 Students
Public
Grades 6-8
933 Students
Public
Grades K-8
101 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Maplewood Nature Center
- Keller Regional Park
- Phalen Park
- Phelan Regional Park
- Indian Mounds Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Lake Elmo
Houses for Rent in Lake Elmo
Search Nearby Rentals
Nearby City Rentals
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.