132 W Warburton St
South St. PaulMN55075
Cheap Homes for Rent in Inver Grove Heights, MN from $1,000 (6 Rentals)
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$1,1952 Bedroom Apartments Available Now
1340 8th Ave, Unit 3
1340 8th AveNewport, MN 55055
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136 11th Ave N
136 11th Ave NSouth St. Paul, MN 55075
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
7126 123rd St W
St. PaulMN55124
2894 138th St W
RosemountMN55068
630 7th Ave
NewportMN55055
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Inver Grove Heights, MN Local Guide
How much does it cost to rent a home in Inver Grove Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Inver Grove Heights 2 Bedroom Homes for Rent | $1,937 | $1,599 | $2,300 |
| Inver Grove Heights 3 Bedroom Homes for Rent | $2,347 | $1,600 | $3,250 |
| Inver Grove Heights 4 Bedroom Homes for Rent | $2,877 | $2,372 | $3,250 |
| Inver Grove Heights 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
| Inver Grove Heights 6 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Inver Grove Heights, MN Local Guide
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Cheapest Neighborhoods for Apartments in Inver Grove Heights, MN
Pricing Updated: 05/31/2026Current apartment rentals in the Inver Grove Heights, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Inver Grove Heights Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Marcott Woods | $3,045 | $1,379 | 91 |
Cheapest Available Inver Grove Heights Apartments for Rent and Nearby
The cheapest available apartment rental in Inver Grove Heights, MN is a 1 Bed unit found at Covington Court in the Lone Oak neighborhood priced from $990. Newport Ponds in the Kingsfield Colonial neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here is today’s list of the most affordable Inver Grove Heights apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Covington Court | One Bedroom 11B | 1BR,1BA | $990 |
| Newport Ponds | Studio (500 sq. ft.) | Studio,1BA | $999 |
| The Concord | 1 Bedroom A2 | 1BR,1BA | $1,068 |
Best Value Apartments for Rent in Inver Grove Heights, MN and Nearby
As of May 31, 2026 the best value apartment in the Inver Grove Heights area is the $1.24 price per square foot Large 2BR/2BA Model at Southview Greens in the in the Cahill Corridor neighborhood starting from $1,485. The second greatest value Inver Grove Heights apartment is the 2BR/2BA Model at The Ridge starting at $1,550 with a $1.32 price per square foot in the Moreland neighborhood. Here is today’s list of the best values for Inver Grove Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Southview Greens | Large 2BR/2BA | 2BR,2BA | $1.24 |
| The Ridge | 2BR/2BA | 2BR,2BA | $1.32 |
| PEARLWOOD ESTATES | 2 Bedroom 2 Bathroom Split Unit Waitlist Applic... | 2BR,2BA | $1.46 |
| Kaposia Valley Apartments | 2 Bedroom C | 2BR,2BA | $1.58 |
| 1136 2nd Street, Unit 1136 | 1136 2nd Street | 2BR,1BA | $1.47 |
| Charlton Estates | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.52 |
| Chateau Apartments | Normandie | 1BR,1BA | $1.53 |
| Charlton Park | Renovated 1 Bed 1 Bath | 1BR,1BA | $1.53 |
| Country Club Manor Apartments | 1 bedroom N | 1BR,1BA | $1.53 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom A | 2BR,1BA | $1.57 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Inver Grove Heights, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Inver Grove Heights
What type of rentals are currently available in Inver Grove Heights?
There are currently 230 Apartments for Rent in Inver Grove Heights, MN with pricing that ranges from $900 to $7,297. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Inver Grove Heights ranging from $1,075 to $15,000.
What is the current price range for Rental Homes in Inver Grove Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Inver Grove Heights ranges from $1,075 to $15,000 with an average monthly rent of $4,472.
How much are larger Three and Four Bedroom Rentals in Inver Grove Heights?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Inver Grove Heights range from $1,599 to $4,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,250. Four Bedroom Single-Family rentals are also available starting from $2,372 and Four Bedroom Apartments start at $2,199.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
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Articles, How-To's, and Tips
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.