
Cheap Homes for Rent in Schmidt Lake Neighborhood of Inver Grove Heights, MN from $2,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Schmidt Lake area of Inver Grove Heights.


427 20th Ave S
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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1345 9th Ave S

443 13th Ave S

6930 Angela Trl
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.

141 4th Ave S
Schmidt Lake, Inver Grove Heights, MN Local Guide

How much does it cost to rent a home in Schmidt Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Schmidt Lake 2 Bedroom Homes for Rent | $2,413 | $2,413 | $2,413 |
Schmidt Lake 3 Bedroom Homes for Rent | $2,690 | $2,080 | $3,288 |
Schmidt Lake 4 Bedroom Homes for Rent | $3,116 | $2,400 | $3,953 |
Schmidt Lake 5 Bedroom Homes for Rent | $3,784 | $3,056 | $4,513 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Schmidt Lake Neighborhood of Inver Grove Heights, MN.
Explore Inver Grove Heights
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 $980. Westview Park Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,015. 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 11C | 1BR,1BA | $980 |
Westview Park Community | Redbrick Courts - 1br | 1BR,1BA | $1,015 |
Charlton Terrace | 1 Bedroom 1 Bath | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Schmidt Lake, MN
As of September 08, 2025 the best value apartment in the Schmidt Lake area is the $0.78 price per square foot 5729 Model at 5721 Brent Ave in the in the Cahill Corridor neighborhood starting from $2,325. The second greatest value Schmidt Lake apartment is the C1S-60 Model at The Winslow 62+ Apartments starting at $1,696 with a $1.65 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
5721 Brent Ave | 5729 | 3BR,4BA | $0.78 |
The Winslow 62+ Apartments | C1S-60 | 2BR,2BA | $1.65 |
Allen Avenue | 2 Bedroom - Remodeled | 2BR,1BA | $1.41 |
Stoneridge Apts-2060 | 2B/1B | 1BR,1BA | $1.64 |
Charlton Park | Renovated 1 Bed 1 Bath | 1BR,1BA | $1.41 |
Bellows Court | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.42 |
Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1.50 |
Charlton Estates | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.64 |
PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,1BA | $1.56 |
Westview Park Community | Redbrick Courts - 1br | 1BR,1BA | $1.45 |
Frequently Asked Questions about Schmidt Lake
What type of rentals are currently available in Schmidt Lake?
There are currently 110 Apartments for Rent in Schmidt Lake, MN with pricing that ranges from $900 to $9,557. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schmidt Lake ranging from $2,080 to $4,513.
What is the current price range for Rental Homes in Schmidt Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Schmidt Lake ranges from $2,080 to $4,513 with an average monthly rent of $3,000.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.