132 W Warburton St
South St. PaulMN55075
Cheap Homes for Rent in Schmidt Lake Neighborhood of Inver Grove Heights, MN from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Schmidt Lake area of Inver Grove Heights.
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,3002 Bedroom Apartments Available Now
136 11th Ave N
136 11th Ave NSouth St. Paul, MN 55075
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304 10th Ave 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 3 Bedroom Homes for Rent | $2,441 | $2,200 | $2,626 |
| Schmidt Lake 4 Bedroom Homes for Rent | $3,050 | $2,995 | $3,106 |
| Schmidt Lake 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Schmidt Lake Neighborhood of Inver Grove Heights, MN.
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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 |
Frequently Asked Questions about Schmidt Lake
What type of rentals are currently available in Schmidt Lake?
There are currently 111 Apartments for Rent in Schmidt Lake, MN with pricing that ranges from $900 to $7,297. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schmidt Lake ranging from $1,075 to $15,000.
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 $1,075 to $15,000 with an average monthly rent of $5,391.
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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