Cheap Apartments for Rent in the Lake Cove Village Neighborhood of Inver Grove Heights, MN from $800 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Cove Village area of Inver Grove Heights.

The Art of the Rental Viewing: What to look for during a property tour

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Drover
1 to 2 Bedroom Apartments

The Drover

161 Concord ExchangeSouth St. Paul, MN 55075
  • Utilities Included
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Covington Court
1 to 2 Bedroom Apartments

Covington Court

364 E Marie AveWest St. Paul, MN 55118
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205 Wentworth
1 to 2 Bedroom Apartments

205 Wentworth

205 Wentworth Ave WWest St. Paul, MN 55118
  • Utilities Included

Navigating 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.

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136 11th Ave N
2 Bedroom Apartments

136 11th Ave N

136 11th Ave NSouth St. Paul, MN 55075
  • Utilities Included
Showing Results 1-28, Page 1 of 1

Lake Cove Village, Inver Grove Heights, MN Local Guide

Cheapest Available Lake Cove Village Apartments for Rent

 

The cheapest available apartment rental in the Lake Cove Village area of Minneapolis, MN is a 1 Bed unit found at The Drover priced from $900. Holiday Acres Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Lake Cove Village apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
The Drover1B1 E21BR,1BA$900
Holiday Acres ApartmentsStudio 399Studio,1BA$1,000
Westview Park CommunityWestview Gardens - 1br1BR,1BA$1,005
Covington CourtOne Bedroom 11B1BR,1BA$1,050
Lake Cove Village1BR/1BA1BR,1BA$1,129
Clark Place Apartments-Affordable Housing2 bed/1 bath2BR,1BA$1,200
Savor ApartmentsCalm1BR,1BA$1,204
Eagle PointeStudioStudio,1BA$1,220
Rooftop 252StudioStudio,1BA$1,230
The YardsAnkole (A2)Studio,1BA$1,301

Best Value Apartments for Rent in Lake Cove Village, MN

As of May 28, 2025 the best value apartment in the Lake Cove Village area is the $1.39 price per square foot 2B/2B Model at Stoneridge Apts-2060 in the in the Cahill Corridor neighborhood starting from $1,650. The second greatest value Lake Cove Village apartment is the Burgundy Model at Chateau Carmel starting at $1,575 with a $1.48 price per square foot in the Moreland neighborhood. Here is today’s list of the best values for Lake Cove Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stoneridge Apts-20602B/2B2BR,2BA$1.39
Chateau CarmelBurgundy2BR,1BA$1.48
Avana SouthviewB4GR2BR,1BA$1.72
The Drover2B2 J2BR,2BA$1.75
PEARLWOOD ESTATESSpacious kitchen & walk-in closet2BR,2BA$1.45
Babcock CrossingC12BR,2BA$1.45
Oakdale ApartmentsBirch2BR,1BA$1.60
Lake Cove Village2BR/1.5BA2BR,1.5BA$1.66
Clark Place Apartments-Affordable Housing2 bed/1 bath2BR,1BA$1.45
Westview Park CommunityWestview Gardens - 1br1BR,1BA$1.46

Quick 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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Pet Friendly Lifestyle
Lake Cove Village, Inver Grove Heights, MN

Ranked #3

Among neighborhoods in Inver Grove Heights, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

Getting Around the Lake Cove Village Neighborhood in Inver Grove Heights, MN

Walk Score®

15 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,301.

What is the price of a cheap apartment in Lake Cove Village?

The cheapest apartment in Lake Cove Village is The Drover which is listed at $900, while the average apartment in Lake Cove Village costs $2,105.

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 13 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 $163 which is $1,942 cheaper than the average rent for all rentals in Lake Cove Village.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.