Rents are 2% below what Inver Grove Heights's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,795 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Inver Grove Heights is 0.3% below its high of $1,801 in August 2026, at $1,795 as of September 2026.
Rent in Inver Grove Heights changed +2.9% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($101,316) is $2,533 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,260); a 4-bedroom is $2,540.
South Saint Paul, 5 miles away, rents for 16% less ($1,504/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Inver Grove Heights. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Inver Grove Heights, MN is majority owner-occupied, has a median income above the national average, 43.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Inver Grove Heights, MN has changed in 5 years
Compared with 2023, rent in Inver Grove Heights, MN has climbed by $189 per month, settling near $1,795 after starting the period at $1,606. Median household income grew from $89,141 to $101,316 between 2021 and 2024, a 13.7% shift. Headcount in the area went from 35,539 to 35,906 between 2021 and 2024, a 1.0% change. About 23.1% of households rent today, against 27.2% in 2021. Taken together, the five-year picture in Inver Grove Heights, MN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Inver Grove Heights on your salary?
At $1,795/mo, how Inver Grove Heights rent compares to typical pay (30% rule).
Inver Grove Heights rent by bedroom count
Median rent for each apartment size in Inver Grove Heights. Click any size for full breakdown.
Tips for renters in Inver Grove Heights
Last updated: October 17, 2026
The median rent in Inver Grove Heights is $1,795/mo as of October 2026. A studio apartment averages $1,230/mo while a 2-bedroom runs $1,700/mo. One-bedroom apartments average $1,390/mo and 3-bedroom units go for $2,260/mo.
At 21% of local median household income ($101,316/yr), Inver Grove Heights ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.
Frequently asked questions
How much income do you need to rent in Inver Grove Heights?
Is rent going up or down in Inver Grove Heights?
How does Inver Grove Heights rent compare to other cities in Minnesota?
Which nearby cities are cheaper to rent in than Inver Grove Heights?
At $1,795/mo, rent takes ~21% of Inver Grove Heights's median household income ($101,316/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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