Inver Grove Heights, MN Rental Market Trends
Last updated: April 16, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Inver Grove Heights is $1,682, a 7.6% increase compared to the previous year, when the average rent was $1,563.
Studio Apartments at $1,125 offer the most budget-friendly option with 551 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 806 square feet for $1,375, balancing privacy and affordability.
Two-beedroom units at $1,653 offer 1,052 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,307 sq ft) for $2,287, suitable for larger households.
Average rent in Inver Grove Heights, MN
Last updated: April 16, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,682 | 1,020 sq. ft. |
| Studio | $1,125 | 551 sq. ft. |
| 1 Bed | $1,375 | 806 sq. ft. |
| 2 Beds | $1,653 | 1,052 sq. ft. |
| 3 Beds | $2,287 | 1,307 sq. ft. |
Inver Grove Heights, MN rent trends
Rental prices in Inver Grove Heights, MN have increased by 7.6% over the past year. The average rent moved from $1,563 to $1,682.
What's the typical rent budget in Inver Grove Heights, MN?
The largest share of rentals in Inver Grove Heights, MN (42%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Inver Grove Heights, MN?
3,497 or 23% of the households in Inver Grove Heights, MN are renter-occupied while 11,661 or 77% are owner-occupied.
How Inver Grove Heights Compares to Other Cities
| City | Average Rent |
|---|---|
| Inver Grove Heights | $1,682 |
| Minneapolis | $1,689 |
| St. Paul | $1,528 |
| Moorhead | $1,078 |
| Rochester | $1,648 |
| St. Louis Park | $1,767 |
| Bloomington | $1,673 |
| Edina | $1,839 |
| St. Cloud | $1,182 |
| Minnetonka | $2,001 |
| Burnsville | $1,551 |
| Eden Prairie | $1,731 |
| Woodbury | $2,122 |
| Eagan | $1,688 |
| Hopkins, MN | $1,588 |
| Maplewood | $1,459 |
| West St. Paul | $1,350 |
| Golden Valley | $1,864 |
| Lakeville, MN | $1,848 |
| Fridley, MN | $1,453 |
| Roseville, MN | $1,445 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Inver Grove Heights apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.