
Cheap Apartments for Rent in the Lake Cove Village Neighborhood of Inver Grove Heights, MN from $800 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Cove Village area of Inver Grove Heights.


Southview Greens

Lake Cove Village

Salem Green

Blackberry Pointe Apartments

Somerset Green/Sandalwood Place

Holiday Acres Apartments
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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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Stoneridge

The Drover

Westview Park Community

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Eagle Pointe

Oakdale Apartments

Clark Place Apartments & Townhomes

826 Marie
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The Winslow 62+ Apartments

234 5th Ave N

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233 7th Ave S, Unit UPPER

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Savor Apartments

Rooftop 252

Chateau Apartments

Heritage Crest Apartments
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Backyards

Waterford Green Apartments & Townhomes

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The Yards

347 4th Ave S

Anderson-Elrose Apartments

Covington Court

Cedarwood West Apartments
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Trinoja South Apartments

205 Wentworth

Country Club Manor Apartments
Lake Cove Village, Inver Grove Heights, MN Local Guide

How much does it cost to rent an apartment in Lake Cove Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Cove Village Studio Apartments | $1,401 | $1,000 | $5,053 |
| Lake Cove Village 1 Bedroom Apartments | $1,542 | $900 | $2,245 |
| Lake Cove Village 2 Bedroom Apartments | $2,049 | $1,175 | $4,106 |
| Lake Cove Village 3 Bedroom Apartments | $2,942 | $1,650 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Lake Cove Village Neighborhood of Inver Grove Heights, MN.
See all Apartments in Inver Grove HeightsExplore Inver Grove Heights
Lake Cove Village, Inver Grove Heights, MN Local Guide
- Nearby Inver Grove Heights neighborhoods
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Cheapest Available Lake Cove Village Apartments for Rent
 The cheapest available apartment rental in the Lake Cove Village area of Minneapolis, MN is a Studio unit found at Holiday Acres Apartments priced from $1,000. Covington Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Lake Cove Village apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holiday Acres Apartments | Studio 338 | Studio,1BA | $1,000 |
| Covington Court | One Bedroom 11A | 1BR,1BA | $1,000 |
| Westview Park Community | Westview Gardens - 1br | 1BR,1BA | $1,040 |
| PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,1BA | $1,110 |
| Lake Cove Village | 5450-302 | 1BR,1BA | $1,129 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom D | 2BR,1BA | $1,175 |
| Salem Green | Blue Jay | 1BR,1BA | $1,210 |
| Oakdale Apartments | The Maple | 1BR,1BA | $1,225 |
| The Drover | The Traverse | 1BR,1BA | $1,280 |
Best Value Apartments for Rent in Lake Cove Village, MN
As of February 06, 2026 the best value apartment in the Lake Cove Village area is the $0.78 price per square foot 5729 Model at 5721 Brent Ave in the in the Cahill Corridor neighborhood starting from $2,325. The second greatest value Lake Cove Village apartment is the Large 2BR/2BA Model at Southview Greens starting at $1,485 with a $1.24 price per square foot in the Cahill Corridor neighborhood. Here is today’s list of the best values for Lake Cove Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5721 Brent Ave | 5729 | 3BR,4BA | $0.78 |
| Southview Greens | Large 2BR/2BA | 2BR,2BA | $1.24 |
| Avana Southview | B5 | 2BR,1BA | $1.51 |
| Chateau Apartments | Burgundy | 2BR,1BA | $1.46 |
| Parkview Manor | Rambler | 2BR,1BA | $1.61 |
| The Winslow 62+ Apartments | C1-60H | 2BR,2BA | $1.56 |
| Westview Park Community | Westview Gardens - 2br | 2BR,1BA | $1.57 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom A | 2BR,1BA | $1.57 |
| PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,1BA | $1.57 |
| Oakdale Apartments | The Maple | 1BR,1BA | $1.70 |
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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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.
Pet Friendly LifestyleLake Cove Village, Inver Grove Heights, MN
Ranked #3
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States including Lake Cove Village, Inver Grove Heights, and the greater Minneapolis-St. Paul area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, places to raise kids, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Lake Cove Village Apartments
What is a cheap apartment in Lake Cove Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Cove Village is under $1,280.
What is the price of a cheap apartment in Lake Cove Village?
The cheapest apartment in Lake Cove Village is Covington Court which is listed at $1,000, while the average apartment in Lake Cove Village costs $3,100.
What types of apartments are the cheapest in Lake Cove Village?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Lake Cove Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Cove Village?
Cheap apartments in Lake Cove Village have an average cost of $146 which is $2,954 cheaper than the average rent for all rentals in Lake Cove Village.
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
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.