
Cheap Apartments for Rent in the Schmidt Lake Neighborhood of Inver Grove Heights, MN from $700 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Schmidt Lake area of Inver Grove Heights.


Southview Greens

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Lake Cove Village

Salem Green

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Avana Southview

Ives of Inver Grove

Blackberry Pointe Apartments

Parkview Manor

Argenta Townhomes
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Greystone Heights

5721 Brent Ave

Somerset Green/Sandalwood Place

Holiday Acres Apartments

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Stoneridge

Heritage Crest Apartments

Westview Park Community

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Charlton Place

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Eagle Pointe Apartments
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Oakdale Apartments

Clark Place Apartments & Townhomes

Allen Avenue

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Charlton Terrace

Rooftop 252

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Chateau Apartments

Country Club Manor Apartments

136 11th Ave N

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Charlton Park
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The Drover

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The Yards

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Charlton Estates

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The Winslow 62+ Apartments

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Savor Apartments

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The Mendota

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430 Mendota

Waterford Green Apartments & Townhomes

1156 8th Ave S
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612 Stewart Ave., South St. Paul

Anderson-Elrose Apartments

Covington Court

Cedarwood West Apartments

132 W Warburton St

Greystone Apartments

205 Wentworth

Bellows Court

Allen Avenue
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The Backyards

304 10th Ave S
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 | $1,301 | $1,000 | $2,688 |
| Schmidt Lake 1 Bedroom Apartments | $1,601 | $900 | $6,276 |
| Schmidt Lake 2 Bedroom Apartments | $1,965 | $1,175 | $7,297 |
| Schmidt Lake 3 Bedroom Apartments | $2,904 | $1,745 | $4,495 |
Browse Apartments in this Neighborhood
There are currently 47 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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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Covington Court | One Bedroom 11B | 1BR,1BA | $990 |
| Westview Park Community | Westview Gardens - 1br | 1BR,1BA | $1,075 |
| Charlton Place | 1 Bedroom 1 Bath | 1BR,1BA | $1,115 |
| Lake Cove Village | 5440-205 | 1BR,1BA | $1,149 |
| 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 | 1BR,1BA | $1,203 |
| Salem Green | Junco | 1BR,1BA | $1,230 |
| Rooftop 252 | Studio | Studio,1BA | $1,260 |
| Country Club Manor Apartments | 1 bedroom N | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Southview Greens | Large 2BR/2BA | 2BR,2BA | $1.24 |
| PEARLWOOD ESTATES | 2 Bedroom 2 Bathroom Split Unit Waitlist Applic... | 2BR,2BA | $1.46 |
| Oakdale Apartments | The Birch | 2BR,1BA | $1.62 |
| Charlton Estates | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.52 |
| Chateau Apartments | Normandie | 1BR,1BA | $1.53 |
| Charlton Place | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.60 |
| Charlton Park | Renovated 1 Bed 1 Bath | 1BR,1BA | $1.53 |
| Country Club Manor Apartments | 1 bedroom N | 1BR,1BA | $1.53 |
| Westview Park Community | Westview Gardens - 2br | 2BR,1BA | $1.62 |
| 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.
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 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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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.