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Apartments for rent in Lake Elmo, MN

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All About

Living In Lake Elmo, MN

Lake Elmo, a small town in Minnesota, has a population of just under 9,000. At an average age of just under 39, the town's residents are younger than most cities in Minnesota. Renters tend to be in the minority in the area, and 95% of residents own their homes. With an average rent of $1,248 a month, exceeding the state average by $257 a month, relatively high rent costs may be a contributing factor in the higher levels of ownership.

Lake Elmo has a relatively large concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 8% possess a Master's degree or a Doctoral degree. Additionally, 22% have earned a Bachelor's degree, which also outpaces the national average. There are three primary industries in Lake Elmo: manufacturing, retail, and healthcare. Combined, these industries make up 26% of the labor force in the town. Meanwhile, in terms of job function, many of the town's workers are in management, which ranks as the top career path in the town. With an average annual income of almost $116K, Lake Elmo workers earn more than the average Minnesota resident. The town's average income also compares favorably to the national average of $73,345.

Lake Elmo has an average commute time of about 27 minutes. Driving a vehicle is the most common means of commuting to work, selected by 47% of workers, while public transportation is not used widely. A small percentage of workers commute on foot.

Frequently Asked Questions About Lake Elmo

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For the best deal, we recommend using our cheap apartments filter.

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How Can I Tour Virtually During Covid19 & Social Distancing?

You can virtually tour any apartment by using our Lake Elmo, MN Virtual Tours filter. All properties in this filter contain either a 3d tour or a video tour.

Do you need a pet-friendly Lake Elmo apartment?

If you have a dog or cat, you'll need to find an apartment in Lake Elmo that accepts pets. Apply Apartment Guide's pet friendly filter to see only Lake Elmo apartments that accept pets. Remember to read the apartment's specific guidelines for acceptable pet breeds and weights if applicable.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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