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$1,110 - $1,780
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 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Schmidt Lake area of Inver Grove Heights.
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$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
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$1,129 - $1,529
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLake Cove Village
5335-5365 Audobon AveInver Grove Heights, MN 55077
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$1,142 - $4,661
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,136 - $4,655
Required Monthly Fees
$6
Total Monthly Price
$1,142 - $4,661
Avana Southview
4930 Ashley LnInver Grove Heights, MN 55077
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$1,210 - $2,100
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowSalem Green
1455 Upper 55th St EInver Grove Heights, MN 55077
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$900 - $1,250
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilitySomerset Green/Sandalwood Place
1550 Charlton StWest St. Paul, MN 55118
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$999 - $1,149
Plus Fees
Studio to 1 Bedroom Apartments Available NowHeritage Crest Apartments
219 3rd 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.
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$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
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Rent Specials
$1,025 - $1,800
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Drover
161 Concord ExchangeSouth St. Paul, MN 55075
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$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
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$1,103 - $1,353
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,099 - $1,349
Required Monthly Fees
$4
Total Monthly Price
$1,103 - $1,353
Charlton Terrace
212-232 Thompson Ave WWest St. Paul, MN 55118
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$1,115 - $1,203
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,111 - $1,199
Required Monthly Fees
$4
Total Monthly Price
$1,115 - $1,203
Charlton Place
110-120 Thompson Ave WWest St. Paul, MN 55118
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$1,175 - $1,735
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowClark Place Apartments & Townhomes
1028 8th Ave SSouth St. Paul, MN 55075
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$1,180 - $1,450
Plus Fees
Studio to 2 Bedroom Apartments Available NowHoliday Acres Apartments
1762 Oakdale AveWest St. Paul, MN 55118
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.
234 5th Ave N
South St. PaulMN55075
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$1,2001 Bedroom Apartments Available Mar 9
1020 3rd St S
1020 3rd St SSouth St. Paul, MN 55075
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$1,200 - $1,555
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowOakdale Apartments
1926 Oakdale Ave WWest St. Paul, MN 55118
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$1,203 - $1,583
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,199 - $1,579
Required Monthly Fees
$4
Total Monthly Price
$1,203 - $1,583
Charlton Park
100 Thompson Ave WWest St. Paul, MN 55118
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$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
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$1,263 - $1,878
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,095 - $1,710
Required Monthly Fees
$168
Total Monthly Price
$1,263 - $1,878
Eagle Pointe Apartments
2044 Oakdale AveWest St. Paul, MN 55118
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$1,265 - $1,590
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowChateau Apartments
1555 Bellows StWest 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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$1,268 - $1,341
Total Monthly Price
1 to 2 Bedroom Apartments Available Apr 1Total Monthly Price
Base Rent
$1,264 - $1,337
Required Monthly Fees
$4
Total Monthly Price
$1,268 - $1,341
Charlton Estates
1492 Charlton StWest St. Paul, MN 55118
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Studio to 2 Bedroom Apartments
612 Stewart Ave., South St. Paul
612 Stewart AveSouth St. Paul, MN 55075
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Studio to 2 Bedroom Apartments
Anderson-Elrose Apartments
1532 Elrose CtSouth St. Paul, MN 55075
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1 to 2 Bedroom Apartments
Covington Court
364 E Marie AveWest St. Paul, MN 55118
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1 to 2 Bedroom Apartments
Cedarwood West Apartments
222 Wentworth Ave WWest St. Paul, MN 55118
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1 to 2 Bedroom Apartments
Trinoja South Apartments
136 11th Ave NSouth St. Paul, MN 55075
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1 to 2 Bedroom Apartments
205 Wentworth
205 Wentworth Ave WWest St. Paul, MN 55118
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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1 to 3 Bedroom Apartments
Country Club Manor Apartments
1945 Oakdale AveWest St. Paul, MN 55118
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1 to 2 Bedroom Apartments
Bellows Court
1530 Bellows CtWest St. Paul, MN 55118
Showing Results 1-30, 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 | $1,365 | $999 | $4,119 |
| Schmidt Lake 1 Bedroom Apartments | $1,517 | $900 | $4,001 |
| Schmidt Lake 2 Bedroom Apartments | $2,008 | $1,175 | $4,661 |
| Schmidt Lake 3 Bedroom Apartments | $2,840 | $1,650 | $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 30 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
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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. Heritage Crest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Covington Court | One Bedroom 11B | 1BR,1BA | $990 |
| Heritage Crest Apartments | GS-Studio | Studio,1BA | $999 |
| Westview Park Community | Westview Gardens - 1br | 1BR,1BA | $1,040 |
| Lake Cove Village | 5450-302 | 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 |
| Oakdale Apartments | The Maple | 1BR,1BA | $1,200 |
| Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1,203 |
| Salem Green | Blue Jay | 1BR,1BA | $1,210 |
Best Value Apartments for Rent in Schmidt Lake, MN
As of March 02, 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 B7 Model at Avana Southview starting at $1,565 with a $1.38 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 |
| Avana Southview | B7 | 2BR,2BA | $1.38 |
| Parkview Manor | Front Penthouse | 2BR,1BA | $1.59 |
| The Winslow 62+ Apartments | C1-60H | 2BR,2BA | $1.56 |
| PEARLWOOD ESTATES | Spacious kitchen & walk-in closet *WAITLIST* | 2BR,2BA | $1.47 |
| Allen Avenue | 2 Bedroom - Remodeled | 2BR,1BA | $1.51 |
| Charlton Park | Renovated 1 Bed 1 Bath | 1BR,1BA | $1.53 |
| Westview Park Community | Westview Gardens - 2br | 2BR,1BA | $1.57 |
| Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1.60 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom A | 2BR,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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The 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
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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
What is a cheap apartment in Schmidt Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Schmidt Lake is under $1,210.
What is the price of a cheap apartment in Schmidt Lake?
The cheapest apartment in Schmidt Lake is Covington Court which is listed at $990, 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 25 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 $159 which is $2,941 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
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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.
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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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.