Cheap Apartments for Rent in the Schmidt Lake Neighborhood of Inver Grove Heights, MN from $800 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Schmidt Lake area of Inver Grove Heights.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Charlton Estates
1 to 2 Bedroom Apartments

Charlton Estates

1492 Charlton StWest St. Paul, MN 55118
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Covington Court
1 to 2 Bedroom Apartments

Covington Court

364 E Marie AveWest St. Paul, MN 55118
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205 Wentworth
1 to 2 Bedroom Apartments

205 Wentworth

205 Wentworth Ave WWest St. Paul, MN 55118
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Charlton Park
1 to 2 Bedroom Apartments

Charlton Park

100 Thompson Ave WWest St. Paul, MN 55118
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Bellows Court
1 to 2 Bedroom Apartments

Bellows Court

1530 Bellows CtWest St. Paul, MN 55118
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136 11th Ave N
2 Bedroom Apartments

136 11th Ave N

136 11th Ave NSouth St. Paul, MN 55075
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Allen Avenue
1 to 2 Bedroom Apartments

Allen Avenue

1508 Allen AveWest St. Paul, MN 55118
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The Drover
1 to 2 Bedroom Apartments

The Drover

161 Concord ExchangeSouth St. Paul, MN 55075
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Showing Results 1-36, Page 1 of 1

Schmidt Lake, Inver Grove Heights, MN Local Guide

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 Holiday Acres Apartments priced from $1,000. Westview Park Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,005. Here are the most affordable Schmidt Lake apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Holiday Acres ApartmentsStudio 399Studio,1BA$1,000
Westview Park CommunityWestview Gardens - 1br1BR,1BA$1,005
Charlton EstatesRenovated 1 Bedroom (ground lv)1BR,1BA$1,025
Covington CourtOne Bedroom 11B1BR,1BA$1,050
Lake Cove Village1BR/1BA1BR,1BA$1,129
Oakdale ApartmentsMaple1BR,1BA$1,130
Charlton TerraceRenovated 1 Bedroom 1 Bath (sm)1BR,1BA$1,183
Charlton ParkRenovated 1 Bed 1 Bath1BR,1BA$1,199
Bellows Court1 Bedroom 1 Bath1BR,1BA$1,199
Clark Place Apartments-Affordable Housing2 bed/1 bath2BR,1BA$1,200

Best Value Apartments for Rent in Schmidt Lake, MN

As of May 16, 2025 the best value apartment in the Schmidt Lake area is the $1.37 price per square foot 2B/2B Model at The Mendota-2050 in the in the Cahill Corridor neighborhood starting from $1,675. The second greatest value Schmidt Lake apartment is the 2B/2B Model at Stoneridge Apts-2060 starting at $1,650 with a $1.39 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Mendota-20502B/2B2BR,2BA$1.37
Stoneridge Apts-20602B/2B2BR,2BA$1.39
Chateau CarmelBurgundy2BR,1BA$1.48
Charlton ParkRenovated 2 Bedroom 1 Bath2BR,1BA$1.41
PEARLWOOD ESTATESSpacious kitchen & walk-in closet2BR,2BA$1.45
Allen AvenueM22BR,1BA$1.45
Clark Place Apartments-Affordable Housing2 bed/1 bath2BR,1BA$1.45
Bellows CourtRenovated 1 Bedroom 1 Bath1BR,1BA$1.54
Charlton EstatesRenovated 1 Bedroom 1 Bath1BR,1BA$1.57
Westview Park CommunityWestview Gardens - 1br1BR,1BA$1.46

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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!

Getting Around the Schmidt Lake Neighborhood in Inver Grove Heights, MN

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Schmidt Lake Apartments

What is a cheap apartment in Schmidt Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Schmidt Lake is under $1,200.

What is the price of a cheap apartment in Schmidt Lake?

The cheapest apartment in Schmidt Lake is Westview Park Community which is listed at $1,005, while the average apartment in Schmidt Lake costs $2,087.

What types of apartments are the cheapest in Schmidt Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Schmidt Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Schmidt Lake?

Cheap apartments in Schmidt Lake have an average cost of $164 which is $1,923 cheaper than the average rent for all rentals in Schmidt Lake.

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.

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

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