Lake Cove Village
5335-5365 Audobon Ave,
Inver Grove Heights, MN 55077
$1,129 - $1,529 Total Monthly Price
1-2 Beds | 12 Month Lease
Schmidt Lake is a small residential neighborhood known for its low cost of living and proximity to the Twin Cities. The neighborhood has apartments available for rent for every budget and preference. Schmidt Lake is about eight miles from Saint Paul and 17 miles from Downtown Minneapolis. The neighborhood is also just 10 miles from the Minneapolis−Saint Paul International Airport. Residents have access to several major roadways including Interstate 494, Route 52, and Highway 3, so traveling throughout the metro area is made easy. Along with its namesake body of water, Schmidt Lake residents have access to several lakes, parks, and golf courses nearby like Southview Country Club and Seidls Lake Park. Affordability combined with a great location shapes Schmidt Lake as a great choice for commuters, but anyone can enjoy living in the neighborhood.
As of May 2026, the average apartment rent in Schmidt Lake is $1,123 for one bedroom, $1,444 for two bedrooms, and $1,751 for three bedrooms. Apartment rent in Schmidt Lake has increased by 0.6% in the past year.
1 BR
706 sq ft
Average Sq Ft
$1,123/month
Average Rent
2 BR
984 sq ft
Average Sq Ft
$1,444/month
Average Rent
3 BR
1,306 sq ft
Average Sq Ft
$1,751/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Schmidt Lake - Inver Grove Heights, MN is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Somewhat Bikeable
Bikeability
Essentials are more spread out in Schmidt Lake - Inver Grove Heights, MN, so everyday errands require more planning.
Supermarket Within a 30 Minute Walk
Groceries
Fair Restaurant Variety Nearby
Restaurants
Limited Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Recreation options in Schmidt Lake - Inver Grove Heights, MN are limited, so staying active may require more planning.
Large Amount of Park Space Nearby
Parks
Limited Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Schmidt Lake - Inver Grove Heights, MN from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Limited Nightlife Variety Nearby
Nightlife
Very Noisy
Quiet Score
3,502
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.