
Apartments for Rent in the Schmidt Lake Neighborhood of Inver Grove Heights, MN (121 Rentals)


Argenta Townhomes

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Avana Southview

Blackberry Pointe Apartments

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Lake Cove Village

Salem Green

Parkview Manor

PEARLWOOD ESTATES

Southview Greens

5447 Babcock Trl, Unit 105
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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430 Mendota Apartments

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The Westlyn Apartments

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405 10th Ave N

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Charlton Place

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The Yards

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Charlton Park

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The Drover

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Eagle Pointe Apartments

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The Mendota

Allen Avenue
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.

Holiday Acres Apartments

Heritage Crest Apartments

Chateau Apartments

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Charlton Terrace

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Oakdale Apartments

Clark Place Apartments & Townhomes

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Savor Apartments

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Waterford Green Apartments & Townhomes

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Charlton Estates

Somerset Green/Sandalwood Place
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

Rooftop 252

Westview Park Community

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Stoneridge

Country Club Manor Apartments

221 Grand Ave W, Unit 305

136 11th Ave N

1541 Traverse Ln

351 4th Ave S

614 1st Ave S

1132 7th Ave S
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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.

439 7th Ave S

2208 Wentworth Ave

617 2nd Ave S

1546 Timberwood Ln

5721 Brent Ave

4815 Babcock Trl E

4850 Babcock Trl

352 21st Ave S

Lafayette Family Townhomes

52nd St E
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Schmidt Lake, Inver Grove Heights, MN Local Guide

How much does it cost to rent an apartment in Schmidt Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Schmidt Lake Studio Apartments | $1,414 | $1,025 | $3,956 |
| Schmidt Lake 1 Bedroom Apartments | $1,583 | $950 | $10,000+ |
| Schmidt Lake 2 Bedroom Apartments | $1,903 | $1,175 | $8,948 |
| Schmidt Lake 3 Bedroom Apartments | $2,915 | $1,745 | $4,495 |
How much does it cost to rent a home in Schmidt Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $1,485 | $1,275 | $1,695 |
| 3 Bedroom Homes | $2,950 | $2,950 | $2,950 |
| 4 Bedroom Homes | $2,923 | $2,620 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 121 rentals with your search options within a 2 mile radius of the Schmidt Lake Neighborhood of Inver Grove Heights, MN.
See all Apartments in Inver Grove HeightsExplore Inver Grove Heights
Schmidt Lake, Inver Grove Heights, MN Local Guide
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.
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.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States including Schmidt Lake, Inver Grove Heights, and the greater Minneapolis-St. Paul area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Family-Friendly Rating
Do you have younger kids? Amongst all of the neighborhoods in Inver Grove Heights, this neighborhood is one of our preferred submarkets for families, with a score of 4.0 out of 4. Family Friendly ratings are based on community features and environments that help parents and children to thrive. These features include things like green spaces, pet amenities, playgrounds, recreation and A/V rooms, trails, and access to the finest learning and education resources.
Outdoors Rating
For some, access to parks and green spaces is critically important. This residential area is a highly-rated submarket for access to the outdoors, with a score of 4.0 out of 4.
Luxury Living Rating
Schmidt Lake is now ranked as one of the finest upscale communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, on-site concierge services, views, access to parks, and amenities like granite countertops, range hoods, and high-end appliances. Other luxury items often include wood-burning fireplaces, raquetball courts, and for some communities, even a doorman to greet residents.
Pet Friendly Rating
Are there pets in your life? this area has risen to be one of our favorite neighborhoods for dog and cat owners, with a score of 4.0 out of 4.
Frequently Asked Questions about Schmidt Lake
What is the current pricing and availability for apartments for rent in the Schmidt Lake area of Inver Grove Heights, MN?
As of today, August 29, 2026, there are currently 121 available Schmidt Lake apartments priced from $950 to $11,570, with an average monthly rent of $2,034.
How much are Studio apartments in Schmidt Lake?
There are currently 37 Studio Apartments in Schmidt Lake with rent ranges from $1,025 to $3,956 with an average price of $1,414.
What is the current price range for One Bedroom Schmidt Lake Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Schmidt Lake ranges from $950 to $11,570 with an average monthly rent of $1,583.
What does renting a Two Bedroom Apartment in Schmidt Lake cost?
The monthly rent prices of Two Bedroom Apartments currently available in Schmidt Lake range from $1,175 to $8,948. Today's average rental price for Two Bedrooms here is $1,903.
How expensive are Schmidt Lake Three Bedroom Apartments?
There are currently 19 Three Bedroom Apartments listings available in Schmidt Lake on ApartmentHomeLiving.com. The pricing ranges from $1,745 to $4,495 - averaging $2,915 for the location.
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

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Articles, How-To's, and Tips

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.