Rent by ZIP · Washington County
Rent in Lake Elmo, MN 55042
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,810 (+2.3% vs FY2026). Renters in this ZIP code pay a median $2,407 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,320 | $1,290 | +2.3% | $1,188–1,452 | – |
| 1 bedroom | $1,490 | $1,460 | +2.1% | $1,341–1,639 | – |
| 2 bedrooms | $1,810 | $1,770 | +2.3% | $1,629–1,991 | – |
| 3 bedrooms | $2,370 | $2,350 | +0.9% | $2,133–2,607 | $3,500+ |
| 4 bedrooms | $2,660 | $2,630 | +1.1% | $2,394–2,926 | – |
Small Area FMRs for the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, 2 bedrooms: $1,734.
What renters pay in 55042
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55041 | Lake City | $1,180 | $862 |
| 55043 | Lakeland | $1,880 | $1,719 |
| 55040 | Isanti | $1,540 | $1,305 |
| 55044 | Lakeville | $2,170 | $1,769 |
| 55045 | Lindstrom | $1,540 | $1,053 |
| 55038 | Hugo | $2,140 | $1,731 |
Fair Market Rents across Washington County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.