close
View Me
$1,110 - $1,745
Plus Fees
1 to 3 Bedroom Apartments Available NowPEARLWOOD ESTATES
1860 52nd St EInver Grove Heights, MN 55077
Cheap Apartments for Rent in the Schmidt Lake Neighborhood of Inver Grove Heights, MN from $700 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Schmidt Lake area of Inver Grove Heights.
close
View Me
$1,125 - $1,485
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowSouthview Greens
4835-4865 Babcock TrlInver Grove Heights, MN 55077
close
View Me
$1,129 - $1,529
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,129 - $1,529
Total Monthly Price
Varies
Lake Cove Village
5335-5365 Audobon AveInver Grove Heights, MN 55077
close
View Me
Rent Specials
$1,230 - $2,250
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowSalem Green
1455 Upper 55th St EInver Grove Heights, MN 55077
close
View Me
$900 - $1,250
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilitySomerset Green/Sandalwood Place
1550 Charlton StWest St. Paul, MN 55118
200 1st Ave S, Unit 2, Unit 2
200 1st Ave S
South St. PaulMN55075
close
View Me
Rent Specials
$1,003 - $1,268
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$999 - $1,264
Required Monthly Fees
Varies
Total Monthly Price
Varies
Charlton Estates
1492 Charlton StWest St. Paul, MN 55118
close
View Me
$1,005 - $1,905
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,000 - $1,900
Required Monthly Fees
$5
Total Monthly Price
$1,005 - $1,905
Stoneridge
2060 Charlton StSt. Paul, MN 55118
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.
close
View Me
$1,025
Plus Fees12 Month Lease Term
Studio Apartments Available NowWaterford Green Apartments & Townhomes
2200 Southview BlvdSouth St. Paul, MN 55075
close
View Me
$1,039 - $1,059
Plus Fees
Studio Apartments Available Jan 1, 2027Heritage Crest Apartments
219 3rd Ave SSouth St. Paul, MN 55075
close
View Me
$1,040 - $1,400
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowWestview Park Community
285 Westview Dr EWest St. Paul, MN 55118
close
View Me
$1,103 - $1,203
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,099 - $1,199
Required Monthly Fees
Varies
Total Monthly Price
Varies
Charlton Terrace
212-232 Thompson Ave WWest St. Paul, MN 55118
close
View Me
Rent Specials
$1,115 - $1,403
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,111 - $1,399
Required Monthly Fees
Varies
Total Monthly Price
Varies
Charlton Place
110-120 Thompson Ave WWest St. Paul, MN 55118
close
View Me
Rent Specials
$1,144 - $1,813
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$976 - $1,645
Required Monthly Fees
Varies
Total Monthly Price
Varies
Eagle Pointe Apartments
2044 Oakdale AveWest St. Paul, MN 55118
close
View Me
Rent Specials
$1,168 - $1,563
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,160 - $1,555
Required Monthly Fees
Varies
Total Monthly Price
Varies
Oakdale Apartments
1926 Oakdale Ave WWest St. Paul, MN 55118
close
View Me
Rent Specials
$1,175
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowClark Place Apartments & Townhomes
1028 8th Ave SSouth St. Paul, MN 55075
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.
close
View Me
$1,180 - $1,450
Plus Fees
Studio to 2 Bedroom Apartments Available NowHoliday Acres Apartments
1762 Oakdale AveWest St. Paul, MN 55118
close
View Me
$1,200
Plus Fees12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityAllen Avenue
1526 Allen AveWest St. Paul, MN 55118
close
View Me
$1,2001 Bedroom Apartments Available Now
1020 3rd St S, Unit 3
1020 3rd St SSouth St. Paul, MN 55075
close
View Me
$1,260 - $2,770
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowRooftop 252
252 Marie Ave EWest St. Paul, MN 55118
close
View Me
Rent Specials
$1,264 - $1,814
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,250 - $1,800
Required Monthly Fees
$14
Total Monthly Price
$1,264 - $1,814
The Drover
161 Concord ExchangeSouth St. Paul, MN 55075
close
View Me
$1,3001 Bedroom Apartments Available Now
136 11th Ave N
136 11th Ave NSouth St. Paul, MN 55075
close
View Me
$1,3002 Bedroom Apartments Available Now
136 11th Ave N
136 11th Ave NSouth St. Paul, MN 55075
136 7th Ave S
South St. PaulMN55075
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
close
View Me
Studio to 2 Bedroom Apartments
612 Stewart Ave., South St. Paul
612 Stewart AveSouth St. Paul, MN 55075
close
View Me
Studio to 2 Bedroom Apartments
Anderson-Elrose Apartments
1532 Elrose CtSouth St. Paul, MN 55075
close
View Me
1 to 2 Bedroom Apartments
Covington Court
364 E Marie AveWest St. Paul, MN 55118
close
View Me
1 to 2 Bedroom Apartments
Cedarwood West Apartments
222 Wentworth Ave WWest St. Paul, MN 55118
close
View Me
Studio to 2 Bedroom Apartments
Greystone Apartments
315 3rd St NSouth St. Paul, MN 55075
221 Grand Ave W
South St. PaulMN55075
close
View Me
1 to 2 Bedroom Apartments
205 Wentworth
205 Wentworth Ave WWest St. Paul, MN 55118
close
View Me
1 to 3 Bedroom Apartments
Country Club Manor Apartments
1945 Oakdale AveWest St. Paul, MN 55118
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.
close
View Me
1 to 2 Bedroom Apartments
Bellows Court
1530 Bellows CtWest St. Paul, MN 55118
Showing Results 1-33, Page 1 of 1
Schmidt Lake, Inver Grove Heights, MN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Schmidt Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Schmidt Lake Studio Apartments | $1,373 | $1,005 | $4,119 |
| Schmidt Lake 1 Bedroom Apartments | $1,503 | $900 | $4,389 |
| Schmidt Lake 2 Bedroom Apartments | $1,993 | $1,175 | $5,891 |
| Schmidt Lake 3 Bedroom Apartments | $2,932 | $1,745 | $3,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 33 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
- Nearby Inver Grove Heights neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Schmidt Lake Apartments for Rent
The cheapest available apartment rental in the Schmidt Lake area of Minneapolis, MN is a Studio unit found at Waterford Green Apartments & Townhomes priced from $1,025. Westview Park Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,040. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterford Green Apartments & Townhomes | Edlyn | Studio,1BA | $1,025 |
| 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 | 5445-202 | 1BR,1BA | $1,129 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom D | 2BR,1BA | $1,175 |
| Holiday Acres Apartments | One Bedroom 672 | 1BR,1BA | $1,180 |
| Charlton Terrace | Renovated 1 Bedroom 1 Bath (garden level) | 1BR,1BA | $1,183 |
| Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1,203 |
| Bellows Court | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1,253 |
| The Drover | The Ascent | 1BR,1BA | $1,264 |
Best Value Apartments for Rent in Schmidt Lake, MN
As of April 16, 2026 the best value apartment in the Schmidt Lake 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 Schmidt Lake apartment is the Rambler Model at Parkview Manor starting at $1,695 with a $1.61 price per square foot in the Cahill Corridor neighborhood. Here is today’s list of the best values for Schmidt Lake 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 |
| Parkview Manor | Rambler | 2BR,1BA | $1.61 |
| Charlton Park | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.44 |
| Oakdale Apartments | The Oak | 2BR,1BA | $1.65 |
| Westview Park Community | Westview Gardens - 2br | 2BR,1BA | $1.57 |
| Bellows Court | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.54 |
| Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1.60 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom A | 2BR,1BA | $1.57 |
| Charlton Terrace | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.65 |
| PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,1BA | $1.57 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Let everyone know!
Do you know the Schmidt Lake area?
If you’re an expert on all things Schmidt Lake, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States including Schmidt Lake, Inver Grove Heights, and the greater Minneapolis-St. Paul area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Schmidt Lake Apartments
What is the price of a cheap apartment in Schmidt Lake?
The cheapest apartment in Schmidt Lake is Westview Park Community which is listed at $1,040, while the average apartment in Schmidt Lake costs $3,100.
What types of apartments are the cheapest in Schmidt Lake?
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 23 regular apartments in Schmidt Lake 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 Schmidt Lake?
Cheap apartments in Schmidt Lake have an average cost of $112 which is $2,988 cheaper than the average rent for all rentals in Schmidt Lake.
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
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.
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.