How much does it cost to rent in Inver Grove Heights, MN?

As of July 2026, the median monthly rent in Inver Grove Heights, MN is $1,861. This figure is based on aggregated data from public sources and community-submitted rents.

Is Inver Grove Heights cheaper than other Minnesota cities?

Inver Grove Heights is one of the pricier cities in Minnesota, ranking #22 out of 67 cities tracked at $1,861/mo.

When was Inver Grove Heights rent data last updated?

Inver Grove Heights rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MN

Inver Grove Heights

Name: Average Rent Prices in Inver Grove Heights, MN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 35,906·22nd most expensive in Minnesota·Rental market data updated monthly for Inver Grove Heights, MN

Median rent (all units)

$1,861/mo

Year-over-Year

-0.9%

Month-over-Month

+3.5%

vs US Median

-$104

Rising (Monthly)

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Most AffordableMost Expensive

Inver Grove Heights · $1,861

More expensive than 50% of US cities · National median $1,965/mo

Rent Reality Score

64/100

Good value

OverheatedFairGreat value

Rents are 7% below what Inver Grove Heights's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,861/mo

Expected by trend

$2,002/mo

The Rent Reality Score compares today's median rent to where Inver Grove Heights's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,230

1 BR

$1,390

2 BR

$1,700

3 BR

$2,260

4 BR+

$2,540

Research median

$1,700/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$22,332/yr

At $1,861/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (-0.9% YoY, +3.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

35,906

Median income

$101,316

Median age

41.6

Renters

23.1%

Age distribution

20.8%

18.5%

27.3%

15.5%

17.9%

Under 1820.8%

18–3418.5%

35–5427.3%

55–6415.5%

65+17.9%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

75.3%

12.3%

White75.3%

Black5.9%

Hispanic12.3%

Asian4.4%

Other2.1%

Education (25+)

20.8%

31.6%

43.5%

No HS diploma4.2%

HS diploma20.8%

Some college31.6%

Bachelor's+43.5%

Housing tenure

76.9%

23.1%

Owner76.9%

Renter23.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Inver Grove Heights, MN has changed in 5 years

Rent

$1,635 → $1,861

up 13.8%

Income

$89,141 → $101,316

up 13.7%

Population

35,539 → 35,906

up 1.0%

Renter share

27.2% → 23.1%

-4.1 pts

Bachelor's+

42.4% → 43.5%

+1.1 pts

Median age

40.7 → 41.6

+0.9 yrs

Compared with 2023, rent in Inver Grove Heights, MN has climbed by $226 per month, settling near $1,861 after starting the period at $1,635. 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.

Community

Discussions about Inver Grove Heights

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View Inver Grove Heights rent history (2015–2026) →

Salary vs rent

Can you afford rent in Inver Grove Heights on your salary?

At $1,861/mo, how Inver Grove Heights rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 22.7% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 32% income

stretched

Police Officer

Avg $80,361/yr · Rent = 27.8% income

affordable

Software Developer

Avg $143,634/yr · Rent = 15.5% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 12.2% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 34.2% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 37.9% income

stretched

Electrician

Avg $72,696/yr · Rent = 30.7% income

stretched

By apartment size

Inver Grove Heights rent by bedroom count

Median rent for each apartment size in Inver Grove Heights. Click any size for full breakdown.

Local insights

Tips for renters in Inver Grove Heights

About renting in Inver Grove Heights, MN

Last updated: July 20, 2026

The median rent in Inver Grove Heights is $1,861/mo as of July 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 22% of local median household income ($101,316/yr), Inver Grove Heights ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.9% over the past year.

FAQ

Frequently asked questions

Is Inver Grove Heights an affordable city for renters?

Inver Grove Heights is considered very affordable for renters. At $1,861/mo, rent takes approximately 22% of the local median household income ($101,316/yr). The standard benchmark is 30%. Inver Grove Heights falls comfortably within that range.

How much income do you need to rent in Inver Grove Heights?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,861/mo in Inver Grove Heights. The local median household income is $101,316/yr, meaning the typical Inver Grove Heights household meets that threshold.

Is rent going up or down in Inver Grove Heights?

Rent in Inver Grove Heights has decreased 0.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Inver Grove Heights rent compare to other cities in Minnesota?

Inver Grove Heights is one of the pricier cities in Minnesota for rent, ranking #22 out of 67 tracked cities at $1,861/mo.

Which nearby cities are cheaper to rent in than Inver Grove Heights?

Several nearby cities have lower median rents than Inver Grove Heights ($1,861/mo): West Saint Paul ($1,428/mo), South Saint Paul ($1,453/mo), Eagan ($1,632/mo).

What percentage of Inver Grove Heights residents rent vs. own?

According to Census data, approximately 23.1% of Inver Grove Heights households are renters, while 76.9% are owner-occupied. Inver Grove Heights leans toward homeownership, which can mean a smaller rental inventory.

How does Inver Grove Heights rent compare to the national average?

Inver Grove Heights's median rent of $1,861/mo is $104 (5%) below the US national median of $1,965/mo. Within Minnesota, it ranks #22 out of 67 tracked cities.

Income Affordability

22%

VERY AFFORDABLE

At $1,861/mo, rent takes ~22% of Inver Grove Heights's median household income ($101,316/yr). The standard benchmark is 30%.

Inver Grove Heights 22%Benchmark 30%

State income tax5.35–9.85%

Run the Inver Grove Heights affordability calculator →

Nearby cities