238 MacArthur St E
South St. PaulMN55075
Cheap Homes for Rent in Schmidt Lake Neighborhood of Inver Grove Heights, MN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Schmidt Lake area of Inver Grove Heights.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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507 10th Ave S
South St. PaulMN55075
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.
205 9th St S
South St. PaulMN55075
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Schmidt Lake, Inver Grove Heights, MN Local Guide
Copyright CoStar Group, Inc
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 | $1,821 | $1,450 | $2,413 |
| Schmidt Lake 3 Bedroom Homes for Rent | $2,559 | $2,190 | $3,288 |
| Schmidt Lake 4 Bedroom Homes for Rent | $3,474 | $2,995 | $3,953 |
| Schmidt Lake 5 Bedroom Homes for Rent | $4,513 | $4,513 | $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.
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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 Westview Park Community priced from $1,015. Covington Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westview Park Community | Redbrick Courts - 1br | 1BR,1BA | $1,015 |
| Covington Court | One Bedroom 11C | 1BR,1BA | $1,025 |
| Charlton Terrace | Renovated 1 Bedroom 1 Bath (sm) | 1BR,1BA | $1,028 |
Best Value Apartments for Rent in Schmidt Lake, MN
As of July 23, 2025 the best value apartment in the Schmidt Lake area is the $1.46 price per square foot Burgundy Model at Chateau Apartments in the in the Moreland neighborhood starting from $1,550. The second greatest value Schmidt Lake apartment is the Front Penthouse Model at Parkview Manor starting at $1,695 with a $1.61 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. |
|---|---|---|---|
| Chateau Apartments | Burgundy | 2BR,1BA | $1.46 |
| Parkview Manor | Front Penthouse | 2BR,1BA | $1.61 |
| Charlton Park | Renovated 1 Bed 1 Bath | 1BR,1BA | $1.45 |
| Clark Place Apartments-Affordable Housing | 2 bed/1 bath | 2BR,1BA | $1.40 |
| Bellows Court | 1 Bedroom 1 Bath | 1BR,1BA | $1.48 |
| Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1.61 |
| Charlton Estates | 1 Bedroom 1 Bath | 1BR,1BA | $1.51 |
| PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,1BA | $1.56 |
| Westview Park Community | Redbrick Courts - 1br | 1BR,1BA | $1.45 |
| Oakdale Apartments | Maple | 1BR,1BA | $1.73 |
Frequently Asked Questions about Schmidt Lake
What type of rentals are currently available in Schmidt Lake?
There are currently 109 Apartments for Rent in Schmidt Lake, MN with pricing that ranges from $700 to $8,967. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schmidt Lake ranging from $1,450 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 $1,450 to $4,513 with an average monthly rent of $3,091.
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.
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.
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.
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.