
Cheap Apartments for Rent in the Lake Cove Village Neighborhood of Inver Grove Heights, MN from $810 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Cove Village area of Inver Grove Heights.


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Southview Greens

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Lake Cove Village

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Salem Green

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Avana Southview

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Blackberry Pointe Apartments

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Ives of Inver Grove

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Somerset Green/Sandalwood Place

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Eagle Pointe Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Waterford Green Apartments & Townhomes

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The Drover

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Westview Park Community

238 MacArthur St E

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405 10th Ave N

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430 Mendota Apartments

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Clark Place Apartments & Townhomes

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Holiday Acres Apartments

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Heritage Crest Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Stoneridge

136 11th Ave N

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Oakdale Apartments

200 1st Ave S, Unit 3

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Rooftop 252

221 Grand Ave W, Unit 305

614 1st Ave S

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Savor Apartments

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The Yards
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

255 Westview Dr, Unit 317

Anderson-Elrose Apartments

Grand Hill Condominiums

221 Grand Ave W

Cedarwood West Apartments

352 21st Avenue S

Covington Court

Greystone Apartments

The Winslow 62+ Apartments
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.

205 Wentworth

The Backyards

422 4th Ave S
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 | $1,344 | $992 | $2,987 |
| Lake Cove Village 1 Bedroom Apartments | $1,554 | $950 | $5,397 |
| Lake Cove Village 2 Bedroom Apartments | $1,835 | $1,175 | $8,953 |
| Lake Cove Village 3 Bedroom Apartments | $2,891 | $1,745 | $4,575 |
Browse Apartments in this Neighborhood
There are currently 39 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
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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 Waterford Green Apartments & Townhomes priced from $1,025. 352 21st Avenue S has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here are the most affordable Lake Cove Village apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterford Green Apartments & Townhomes | Edlyn | Studio, 1BA | $1,025 |
| 352 21st Avenue S | 2BR/1.0BA | 2BR, 1BA | $1,025 |
| Westview Park Community | Westview Gardens - 1br | 1BR, 1BA | $1,075 |
| PEARLWOOD ESTATES | 1 Bedroom 1 Bathroom Waitlist Application | 1BR, 1BA | $1,110 |
| Eagle Pointe Apartments | One Bedroom One Bath (A) | 1BR, 1BA | $1,135 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom D | 2BR, 1BA | $1,175 |
| Covington Court | Two Bedroom 21A | 2BR, 1BA | $1,240 |
| Salem Green | Hummingbird | Studio, 1BA | $1,250 |
| The Backyards | Concord (A2) | Studio, 1BA | $1,333 |
| Avana Southview | S1 | Studio, 1BA | $1,347 |
Best Value Apartments for Rent in Lake Cove Village, MN
As of September 29, 2026 the best value apartment in the Lake Cove Village area is the $1.38 price per square foot 3 br S Model at Country Club Manor Apartments in the Nature View neighborhood starting from $2,100. The second greatest value Lake Cove Village apartment is the Large 2BR/2BA Model at Southview Greens in the Cahill Corridor neighborhood starting at $1,485 with a $1.24 price per square foot. 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. |
|---|---|---|---|
| Country Club Manor Apartments | 3 br S | 3BR, 2BA | $1.38 |
| Southview Greens | Large 2BR/2BA | 2BR, 2BA | $1.24 |
| Stoneridge | 2B/2B | 2BR, 2BA | $1.47 |
| Parkview Manor | Front Penthouse | 2BR, 1BA | $1.55 |
| The Winslow 62+ Apartments | C1-60 | 2BR, 2BA | $1.63 |
| Blackberry Pointe Apartments | One Bedroom One Bathroom | 1BR, 1BA | $1.61 |
| Westview Park Community | Westview Gardens - 2br | 2BR, 1BA | $1.62 |
| 352 21st Avenue S | 2BR/1.0BA | 2BR, 1BA | $1.31 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom A | 2BR, 1BA | $1.57 |
| PEARLWOOD ESTATES | 1 Bedroom 1 Bathroom Waitlist Application | 1BR, 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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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 the Cheapest Studio apartment in Lake Cove Village?
Currently the most affordable Cheap Studio Apartment in Lake Cove Village is at Waterford Green Apartments & Townhomes listed at $1,025.
How much is rent for a Cheap One Bedroom Lake Cove Village Apartment?
The lowest price for a Cheap One Bedroom Lake Cove Village Apartment is $1,075 at Westview Park Community.
What is the lowest price for a Cheap Two Bedroom Lake Cove Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Cove Village is starting from $1,025 at 352 21st Avenue S.
What is the most affordable Lake Cove Village Three Bedroom Apartment?
The best deal on a cheap Lake Cove Village Three Bedroom Apartment rental is at PEARLWOOD ESTATES and starts from $1,745.
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

Authentic Minneapolis: An Insider's 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.

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.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.