Cheap Apartments for Rent in the Schmidt Lake Neighborhood of Inver Grove Heights, MN from $700 (31 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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The Drover
Studio to 2 Bedroom Apartments

The Drover

161 Concord ExchangeSouth St. Paul, MN 55075
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Covington Court
1 Bedroom Apartments

Covington Court

364 E Marie AveWest St. Paul, MN 55118
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Charlton Estates
1 to 2 Bedroom Apartments

Charlton Estates

1492 Charlton StWest 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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Charlton Park
1 to 2 Bedroom Apartments

Charlton Park

100 Thompson 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
  • Utilities Included
Showing Results 1-31, Page 1 of 1

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 Studio unit found at 612 Stewart Ave., South St. Paul priced from $700. Covington Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,010. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
612 Stewart Ave., South St. PaulStudioStudio,1BA$700
Covington CourtOne Bedroom 11B1BR,1BA$1,010
Westview Park CommunityRedbrick Courts - 1br1BR,1BA$1,015
Charlton TerraceRenovated 1 Bedroom 1 Bath (sm)1BR,1BA$1,028
PEARLWOOD ESTATESOpen living space + spacious master & vaulted c...1BR,1BA$1,100
Eagle PointeOne Bedroom One Bath (A)1BR,1BA$1,140
Lake Cove Village1BR/1BA1BR,1BA$1,149
Clark Place Apartments-Affordable Housing2 bed/1 bath2BR,1BA$1,175
Holiday Acres ApartmentsOne Bedroom 6721BR,1BA$1,180
Bellows CourtRenovated 1 Bedroom 1 Bath1BR,1BA$1,199

Best Value Apartments for Rent in Schmidt Lake, MN

As of June 23, 2025 the best value apartment in the Schmidt Lake area is the $1.52 price per square foot 221 17th Ave N Model at 221 17th Ave N, Unit 221 in the in the Nature View neighborhood starting from $1,825. The second greatest value Schmidt Lake apartment is the Burgundy Model at Chateau Apartments 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 Schmidt Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
221 17th Ave N, Unit 221221 17th Ave N2BR,1.5BA$1.52
Chateau ApartmentsBurgundy2BR,1BA$1.48
Charlton ParkRenovated 2 Bedroom 1 Bath2BR,1BA$1.41
Avana SouthviewB2GR2BR,1BA$1.55
Allen Avenue2 Bedroom - Remodeled2BR,1BA$1.41
Charlton EstatesRenovated 2 Bedroom 1 Bath2BR,1BA$1.51
Lake Cove Village2BR/1.5BA2BR,1.5BA$1.58
Clark Place Apartments-Affordable Housing2 bed/1 bath2BR,1BA$1.40
Bellows CourtRenovated 1 Bedroom 1 Bath1BR,1BA$1.48
Westview Park CommunityRedbrick Courts - 1br1BR,1BA$1.45

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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!

Getting Around the Schmidt Lake Neighborhood in Inver Grove Heights, MN

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 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 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 $1,199.

What is the price of a cheap apartment in Schmidt Lake?

The cheapest apartment in Schmidt Lake is Covington Court which is listed at $1,010, while the average apartment in Schmidt Lake costs $2,549.

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 14 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 $224 which is $2,325 cheaper than the average rent for all rentals in Schmidt Lake.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.