Cheap Apartments for Rent in the Schmidt Lake Neighborhood of Inver Grove Heights, MN from $700 (47 Rentals)

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

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Lake Cove Village
$1,129 - $1,560
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,129 - $1,560

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Lake Cove Village

5335-5365 Audobon AveInver Grove Heights, MN 55077
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Avana Southview
$1,402 - $7,297
Total Monthly Price

Total Monthly Price

Base Rent
$1,396 - $7,291
Required Monthly Fees
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Studio to 2 Bedroom Apartments Available Now

Avana Southview

4930 Ashley LnInver Grove Heights, MN 55077
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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.

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Greystone Heights
3 Bedroom Apartments

Greystone Heights

5220 Greystone DrInver Grove Heights, MN 55077
Corporate Housing
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5721 Brent Ave
3 Bedroom Apartments

5721 Brent Ave

5721-5733 Brent AveInver Grove Heights, MN 55076
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Stoneridge
$1,005 - $1,905
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,900
Required Monthly Fees
$5

Total Monthly Price
$1,005 - $1,905
Studio to 2 Bedroom Apartments Available Now

Stoneridge

2060 Charlton StSt. Paul, MN 55118
Corporate Housing
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Charlton Place
Rent Specials
$1,115 - $1,403
Total Monthly Price

Total Monthly Price

Base Rent
$1,111 - $1,399
Required Monthly Fees
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1 to 2 Bedroom Apartments Available Now

Charlton Place

110-120 Thompson Ave WWest St. Paul, MN 55118
Pet Friendly
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Eagle Pointe Apartments
Rent Specials
$1,144 - $1,843
Total Monthly Price

Total Monthly Price

Base Rent
$976 - $1,675
Required Monthly Fees
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Studio to 2 Bedroom Apartments Available Now

Eagle Pointe Apartments

2044 Oakdale AveWest St. Paul, MN 55118
Family Friendly
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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.

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Oakdale Apartments
Rent Specials
$1,158 - $1,563
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,555
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Studio to 2 Bedroom Apartments Available Now

Oakdale Apartments

1926 Oakdale Ave WWest St. Paul, MN 55118
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Charlton Terrace
$1,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,199
Required Monthly Fees
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Total Monthly Price
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1 Bedroom Apartments Available Now

Charlton Terrace

212-232 Thompson Ave WWest St. Paul, MN 55118
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Chateau Apartments
Rent Specials
$1,290 - $1,620
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,285 - $1,615
Required Monthly Fees
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Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Chateau Apartments

1555 Bellows StWest St. Paul, MN 55118
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Charlton Park
$1,303 - $1,583
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $1,579
Required Monthly Fees
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Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Charlton Park

100 Thompson Ave WWest St. Paul, MN 55118
Pet Friendly
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Cash 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.

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The Drover
Rent Specials
$1,304 - $1,814
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,290 - $1,800
Required Monthly Fees
$14

Total Monthly Price
$1,304 - $1,814
1 to 2 Bedroom Apartments Available Now

The Drover

161 Concord ExchangeSouth St. Paul, MN 55075
Luxury
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The Yards
$1,353 - $2,703
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $2,695
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Yards

205 Concord Exchange NSouth St. Paul, MN 55075
Corporate Housing
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Charlton Estates
Rent Specials
$1,403
Total Monthly Price

Total Monthly Price

Base Rent
$1,399
Required Monthly Fees
Varies

Total Monthly Price
Varies
2 Bedroom Apartments Available Now

Charlton Estates

1492 Charlton StWest St. Paul, MN 55118
Outdoors
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Savor Apartments
Rent Specials
$1,431 - $3,723
Total Monthly Price

Total Monthly Price

Base Rent
$1,382 - $3,674
Required Monthly Fees
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1 to 2 Bedroom Apartments Available Now

Savor Apartments

1571 Robert St SSt. Paul, MN 55118
Luxury
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The Mendota
$1,505 - $2,255
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500 - $2,250
Required Monthly Fees
$5

Total Monthly Price
$1,505 - $2,255
1 to 3 Bedroom Apartments Available Jun 30

The Mendota

2050 Delaware AveWest St. Paul, MN 55118
Family Friendly
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430 Mendota
Rent Specials
$1,575 - $1,775
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,575 - $1,775

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

430 Mendota

430 Mendota RdWest St. Paul, MN 55118
Pet Friendly
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property at 1156 8th Ave S

$1,870

Total Monthly Price

Total Monthly Price

Base Rent
$1,870

Total Monthly Price
$1,870

2 Bedroom, 1 Bath Home for Rent

Available Now

1156 8th Ave S

South St. PaulMN55075

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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.

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Covington Court
1 to 2 Bedroom Apartments

Covington Court

364 E Marie AveWest St. Paul, MN 55118
  • Utilities Included
property at 132 W Warburton St

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 1

132 W Warburton St

South St. PaulMN55075
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Greystone Apartments
Studio to 2 Bedroom Apartments

Greystone Apartments

315 3rd St NSouth St. Paul, MN 55075
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205 Wentworth
1 to 2 Bedroom Apartments

205 Wentworth

205 Wentworth Ave WWest St. Paul, MN 55118
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Bellows Court
1 to 2 Bedroom Apartments

Bellows Court

1530 Bellows CtWest St. Paul, MN 55118
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Allen Avenue
1 to 2 Bedroom Apartments

Allen Avenue

1508 Allen 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.

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The Backyards
Studio to 2 Bedroom Apartments

The Backyards

225 Concord Exchange NSouth St. Paul, MN 55075
property at 304 10th Ave S

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

304 10th Ave S

South St. PaulMN55075

Schmidt Lake, Inver Grove Heights, MN Local Guide

Cheapest Available Schmidt Lake Apartments for Rent

 

The cheapest available apartment rental in the Schmidt Lake area of Minneapolis, MN is a 1 Bed unit found at Covington Court priced from $990. Westview Park Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Covington CourtOne Bedroom 11B1BR,1BA$990
Westview Park CommunityWestview Gardens - 1br1BR,1BA$1,075
Charlton Place1 Bedroom 1 Bath1BR,1BA$1,115
Lake Cove Village5440-2051BR,1BA$1,149
Clark Place Apartments & TownhomesCPA - 2 Bedroom D2BR,1BA$1,175
Holiday Acres ApartmentsOne Bedroom 6721BR,1BA$1,180
Charlton TerraceRenovated 1 Bedroom 1 Bath1BR,1BA$1,203
Salem GreenJunco1BR,1BA$1,230
Rooftop 252StudioStudio,1BA$1,260
Country Club Manor Apartments1 bedroom N1BR,1BA$1,299

Best Value Apartments for Rent in Schmidt Lake, MN

As of May 31, 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 2 Bedroom 2 Bathroom Split Unit Waitlist Applic... Model at PEARLWOOD ESTATES starting at $1,490 with a $1.46 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Southview GreensLarge 2BR/2BA2BR,2BA$1.24
PEARLWOOD ESTATES2 Bedroom 2 Bathroom Split Unit Waitlist Applic...2BR,2BA$1.46
Oakdale ApartmentsThe Birch2BR,1BA$1.62
Charlton EstatesRenovated 2 Bedroom 1 Bath2BR,1BA$1.52
Chateau ApartmentsNormandie1BR,1BA$1.53
Charlton PlaceRenovated 2 Bedroom 1 Bath2BR,1BA$1.60
Charlton ParkRenovated 1 Bed 1 Bath1BR,1BA$1.53
Country Club Manor Apartments1 bedroom N1BR,1BA$1.53
Westview Park CommunityWestview Gardens - 2br2BR,1BA$1.62
Clark Place Apartments & TownhomesCPA - 2 Bedroom A2BR,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.

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Real 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.

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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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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

How much is rent for a Cheap One Bedroom Schmidt Lake Apartment?

The lowest price for a Cheap One Bedroom Schmidt Lake Apartment is $990 at Covington Court.

What is the lowest price for a Cheap Two Bedroom Schmidt Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Schmidt Lake is starting from $1,175 at Clark Place Apartments & Townhomes.

What is the most affordable Schmidt Lake Three Bedroom Apartment?

The best deal on a cheap Schmidt Lake 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.

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