Greystone Heights
5220 Greystone Dr,
Inver Grove Heights, MN 55077
$2,065 - $2,165 | 3 Beds
Schmidt Lake is a small residential neighborhood known for its low cost of living and proximity to the Twin Cities. The neighborhood has apartments available for rent for every budget and preference. Schmidt Lake is about eight miles from Saint Paul and 17 miles from Downtown Minneapolis. The neighborhood is also just 10 miles from the Minneapolis−Saint Paul International Airport. Residents have access to several major roadways including Interstate 494, Route 52, and Highway 3, so traveling throughout the metro area is made easy. Along with its namesake body of water, Schmidt Lake residents have access to several lakes, parks, and golf courses nearby like Southview Country Club and Seidls Lake Park. Affordability combined with a great location shapes Schmidt Lake as a great choice for commuters, but anyone can enjoy living in the neighborhood.
As of March 2025, the average apartment rent in Schmidt Lake is $1,111 for one bedroom, $1,429 for two bedrooms, and $1,755 for three bedrooms. Apartment rent in Schmidt Lake has increased by 1.0% in the past year.
1 BR
706 sq ft
Average Sq Ft
$1,111/month
Average Rent
2 BR
984 sq ft
Average Sq Ft
$1,429/month
Average Rent
3 BR
1,306 sq ft
Average Sq Ft
$1,755/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
Walking is difficult in this neighborhood, which is considered a car-dependent area.
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† 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 February 2025.