Avana Southview
4930 Ashley Ln,
Inver Grove Heights, MN 55077
$1,476 - $4,056 Total Monthly Price
Studio - 2 Beds
Rental Market Trends in Inver Grove Heights, MN
What is the average rent in Inver Grove Heights, MN?
$1,481/month
Average Rent
823 Sq Ft
Average Apartment Size
+3.8%
Increase in the Last Year
As of January 2026, the average rent in Inver Grove Heights, MN is $1,481 per month. For comparison, the national average rent price in the US is currently $1,624/month, which means Inver Grove Heights rent prices are 9% lower than the national average. When you rent an apartment in Inver Grove Heights, you can expect to pay about $1,270 per month for a studio, $1,481 for a one-bedroom apartment, and around $1,627 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,463 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Inver Grove Heights, MN?
In the past year, rent has increased by 3.8%, which averages out to $57 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Inver Grove Heights, MN
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
40%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
27%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Inver Grove Heights?
Based on current rent prices, Lake Cove Village and Schmidt Lake" are the most affordable neighborhoods in Inver Grove Heights.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Inver Grove Heights?
Based on current rent prices, Lake Cove Village and Schmidt Lake" are the most expensive neighborhoods in Inver Grove Heights.
Neighborhood
Average Rent
Average Sq Ft
Which Inver Grove Heights neighborhoods have the most rentals available?
The neighborhoods in Inver Grove Heights with the most apartments available are Lake Cove Village and Schmidt Lake" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Inver Grove Heights, MN?
Because the average rent in Inver Grove Heights is $1,481, you’ll want to make about $4,936 per month or $59,232 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Inver Grove Heights, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Inver Grove Heights, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$1,154/month
$1,154/month
Two Bedroom
$1,232/month
$1,232/month
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Inver Grove Heights we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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 November 2025.
* Percentages may not total 100 due to rounding.