Avana Southview
4930 Ashley Ln,
Inver Grove Heights, MN 55077
Studio - 2 Beds | $1,327 - $11,833
Rental Market Trends in Inver Grove Heights, MN
Updated August 2026
The average rent in Inver Grove Heights, MN is $1,473/month.
Rent in Inver Grove Heights is roughly equal to the national average rent of of $1,664/month.
$1,473/month
Average Rent
810 Sq Ft
Average Size
+1.2%
Change / Year
482
Available Apartments
Inver Grove Heights rent varies by unit size and layout:
- Studio apartments in Inver Grove Heights average $1,297 per month.
- One-bedroom apartments in Inver Grove Heights average $1,473 per month.
- Two-bedroom apartments in Inver Grove Heights average $1,733 per month.
- Three-bedroom apartments in Inver Grove Heights average $2,509 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Inver Grove Heights, MN?
In the past year, rent has increased by 1.2%, which averages out to $19 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Inver Grove Heights, MN
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
31%
$1,001 - $1,500/month
38%
$1,501 - $2,000/month
31%
Above $2,000/month
Rent by Neighborhood
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 $1,473, you’ll want to make about $4,910 per month or $58,920 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.
View the Inver Grove Heights Area GuideStudio
-
-
One Bedroom
$1,150/month
$1,150/month
Two Bedroom
$1,314/month
$1,314/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Saint Paul Park
Avg Rent: $777/month
-
South Saint Paul
Avg Rent: $1,350/month
-
Newport
Avg Rent: $1,234/month
-
West Saint Paul
Avg Rent: $1,188/month
-
Eagan
Avg Rent: $1,473/month
-
Cottage Grove
Avg Rent: $1,527/month
-
Rosemount
Avg Rent: $1,533/month
Apartment Communities in Inver Grove Heights We Think You'll Love
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Frequently Asked Questions
What is the average rent in Inver Grove Heights?
The average rent in Inver Grove Heights is $1,473 per month, which is 11.5% lower than the national average of $1,664.
What is the average rent for a house in Inver Grove Heights?
The average rent for a house in Inver Grove Heights, MN is $2,577 per month.
Are rents going up or down in Inver Grove Heights?
Rents in Inver Grove Heights, MN are increasing, with prices up 1.2% year-over-year and $19 more per month.
What rent range is most common in Inver Grove Heights?
In Inver Grove Heights, MN, 38% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.