Lake Elmo, MN rental market
Last updated August 10, 2025
Rental market summary
The average rent for all bedrooms and all property types in Lake Elmo, MN is $2,900.
$2,900
-$202
+$405
16
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,400 to $5,900.
| Rent price | Number of rental properties |
|---|---|
| $1,300 | 1 |
| $1,400 | 1 |
| $1,500 | 1 |
| $1,600 | 2 |
| $2,100 | 2 |
| $2,200 | 2 |
| $2,400 | 1 |
| $2,600 | 1 |
| $2,800 | 1 |
| $2,900 | 1 |
| $3,200 | 2 |
| $3,600 | 1 |
| $3,700 | 2 |
| $4,400 | 1 |
| $4,500 | 1 |
| $4,900 | 1 |
| $5,000+ | 1 |
Average rent price over time
In the last year, rent has increased by $405 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $3,100 | $3,109 |
| Feb | $2,883 | $3,150 |
| Mar | $3,000 | $2,661 |
| Apr | $2,883 | $1,695 |
| May | $3,000 | $3,150 |
| Jun | $2,595 | $2,800 |
| Jul | $2,495 | $2,850 |
| Aug | $2,500 | $3,010 |
| Sep | $3,000 | No data |
| Oct | $2,450 | No data |
| Nov | $3,250 | No data |
| Dec | $3,150 | No data |
Market temperature
The Lake Elmo, MN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Lake Elmo, MN is 38% higher than the national average.
$2,900
$2,100
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Frequently asked questions
1. What is the average rent in Lake Elmo, MN?
The average rent in Lake Elmo, MN is $2,900.
2. How much does it cost to rent a house in Lake Elmo, MN?
Houses in Lake Elmo, MN rent between $1,400 - $5,900 with an average rent of $2,900.
3. How has the rent in Lake Elmo, MN changed in the last year?
In the last year, the rent in Lake Elmo, MN increased by $405
4. How much has the rent in Lake Elmo, MN increased/decreased in the last month?
In the last month, the rent in Lake Elmo, MN decreased by $202
5. How many available rentals are there in Lake Elmo, MN?
There are currently 16 rentals available in Lake Elmo, MN.
6. How do rent prices in Lake Elmo, MN compare with the national average?
The average rent in Lake Elmo, MN is $2,900 — 38.1% higher the national average of $2,100.