Seasons Villas
8630-8847 Summer Wind Alcove,
Woodbury, MN 55125
$2,006 - $2,238 Total Monthly Price
2 Beds
Rental Market Trends in Lake Elmo, MN
What is the average rent in Lake Elmo, MN?
$1,635/month
Average Rent
869 Sq Ft
Average Apartment Size
-9.5%
Decrease in the Last Year
Lake Elmo, MN Rental Market Overview
The average rent in Lake Elmo, MN is $1,635 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Lake Elmo rent prices are 1% lower than the national average.
- Studio apartments in Lake Elmo average $1,365 per month.
- One-bedroom apartments in Lake Elmo average $1,635 per month.
- Two-bedroom apartments in Lake Elmo average $2,669 per month.
- Three-bedroom apartments in Lake Elmo average $3,034 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
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Average Sq Ft
How much has average rent changed in Lake Elmo, MN?
In the past year, rent has decreased by 9.5%, which averages out to $154 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Lake Elmo, MN
Last Updated June 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
67%
Above $2,000/month
What salary do I need to live comfortably in Lake Elmo, MN?
Because the average rent in Lake Elmo is $1,635, you’ll want to make about $5,450 per month or $65,400 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Elmo, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Elmo, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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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 June 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.
* Percentages may not total 100 due to rounding.