Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Inver Grove Heights & Beyond
Inver Grove Heights shares many of the great qualities that make Minnesota a desirable place to live.
Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.
Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.
Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.
Rental Market Trends
Inver Grove Heights, MN
As of June 2026, Inver Grove Heights's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Inver Grove Heights's average rent is 16.0% ($246) higher than the Minnesota average of $1,539 and 0.7% ($12) lower than the U.S. average of $1,797.
Average Rent
$1,785
Monthly ChangeMonth Over Month Change
7.9% ($131)
Yearly ChangeYear Over Year Change
13% ($206)
Avg. Days on MarketAverage Days on Market
26
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,415 | 23.4% ($268) | 8.3% ($108) |
| 2 Beds | $1,780 | 24.4% ($349) | 6.8% ($113) |
| 3 Beds | $2,287 | 26.2% ($475) | 13.4% ($271) |
| Nearby Cities | Average Rent | Avg. Rent vs. Inver Grove HeightsAverage Rent vs. Inver Grove Heights | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Newport | $1,308 | 26.7% ($477) | 44 days |
| South Saint Paul | $1,101 | 38.3% ($684) | 27 days |
| Rosemount | $1,488 | 16.6% ($297) | 28 days |
| Saint Paul | $1,533 | 14.1% ($252) | 31 days |
| Hastings | $1,665 | 6.7% ($120) | 30 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Inver Grove Heights Rental Market FAQs
Explore rental prices, market trends, and availability in Inver Grove Heights, MN.
The average rent in Inver Grove Heights, MN is $1,785 per month.
Homes in Inver Grove Heights typically rent for between $991 and $2,973 per month, with an average of $1,785 per month.
In Inver Grove Heights, the average rent for a 1-bedroom home is $1,415 per month, for a 2-bedroom home, $1,780 per month, and a 3-bedroom home is $2,287 per month.
The average rent in Inver Grove Heights is 0.7% ($12) lower than the national average of $1,797 per month.
The average rent in Inver Grove Heights has increased by 7.9% ($131) in the last month and increased by 13.0% ($206) over the past year.
The rental market in Inver Grove Heights, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Inver Grove Heights, MN, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Inver Grove Heights, MN.
Based on the current averages, a household would need an annual income of $71,200 to comfortably afford a 2-bedroom home in Inver Grove Heights.
