200 1st Ave S, Unit Unit 2, Unit Unit 2
200 1st Ave S
South St. PaulMN55075
Cheap Homes for Rent in Schmidt Lake Neighborhood of Inver Grove Heights, MN from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Schmidt Lake area of Inver Grove Heights.
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$1,2001 Bedroom Apartments Available Now
1020 3rd St S, Unit 3
1020 3rd St SSouth St. Paul, MN 55075
221 Grand Ave W
South St. PaulMN55075
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.
136 7th Ave S
South St. PaulMN55075
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$1,3001 Bedroom Apartments Available Now
136 11th Ave N
136 11th Ave NSouth St. Paul, MN 55075
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$1,3002 Bedroom Apartments Available Now
136 11th Ave N
136 11th Ave NSouth St. Paul, MN 55075
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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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 | $1,300 | $1,300 | $1,300 |
| Schmidt Lake 3 Bedroom Homes for Rent | $2,295 | $1,799 | $2,686 |
| Schmidt Lake 4 Bedroom Homes for Rent | $2,697 | $2,400 | $2,995 |
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 6 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 Studio unit found at Waterford Green Apartments & Townhomes priced from $1,025. Westview Park Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,040. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterford Green Apartments & Townhomes | Edlyn | Studio,1BA | $1,025 |
| Westview Park Community | Westview Gardens - 1br | 1BR,1BA | $1,040 |
| PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,1BA | $1,110 |
Best Value Apartments for Rent in Schmidt Lake, MN
As of April 16, 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 Rambler 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. |
|---|---|---|---|
| Southview Greens | Large 2BR/2BA | 2BR,2BA | $1.24 |
| Parkview Manor | Rambler | 2BR,1BA | $1.61 |
| Charlton Park | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.44 |
| Oakdale Apartments | The Oak | 2BR,1BA | $1.65 |
| Westview Park Community | Westview Gardens - 2br | 2BR,1BA | $1.57 |
| Bellows Court | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.54 |
| Charlton Place | Renovated 1 Bedroom | 1BR,1BA | $1.60 |
| Clark Place Apartments & Townhomes | CPA - 2 Bedroom A | 2BR,1BA | $1.57 |
| Charlton Terrace | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.65 |
| PEARLWOOD ESTATES | Open living space + spacious master & vaulted c... | 1BR,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 $5,891. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schmidt Lake ranging from $995 to $2,995.
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 $995 to $2,995 with an average monthly rent of $1,850.
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.
Helpful Local Expert Guides
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Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.