What is the median rent in Inver Grove Heights, MN?
The median gross rent in Inver Grove Heights, MN is $1,465 (±$92) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 3,398 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Inver Grove Heights, the median gross rent went from $1,142 in 2015–2019 to $1,465 in 2020–2024 (+28.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,465 (±$92)
- Rented homes
- 3,398 (±361)
- $2,000 or more
- 16.8%
- Since 2015–2019
- +28.3%
How much rent costs in Inver Grove Heights
| Monthly gross rent | Inver Grove Heights | Dakota County | Minnesota | United States |
|---|---|---|---|---|
| Less than $500 | 3.5% (±2.9 points) | 4.2% | 8.4% | 6.3% |
| $500 to $999 | 13.8% (±6.2 points) | 11.6% | 21.5% | 20.2% |
| $1,000 to $1,499 | 35.3% (±7.8 points) | 31.0% | 33.6% | 28.1% |
| $1,500 to $1,999 | 30.5% (±7.1 points) | 33.7% | 21.4% | 21.1% |
| $2,000 to $2,499 | 11.7% (±4.7 points) | 13.7% | 9.2% | 12.0% |
| $2,500 to $2,999 | 2.8% (±1.9 points) | 2.9% | 3.0% | 5.5% |
| $3,000 or more | 2.3% (±1.7 points) | 2.9% | 3.0% | 6.8% |
The most common range is $1,000 to $1,499, paid by 35.3% of renting households.
16.8% of rented homes in Inver Grove Heights cost $2,000 or more a month.
Inver Grove Heights against Dakota County, its state and the nation
| Inver Grove Heights | Dakota County | Minnesota | United States | |
|---|---|---|---|---|
| Median gross rent | $1,465 (±$92) | $1,548 (±$31) | $1,280 (±$7) | $1,413 |
| Rented homes paying rent | 3,398 (±361) | 42,711 (±1,022) | 614,257 (±4,397) | 42,849,984 |
In Inver Grove Heights, median gross rent is not measurably different from Dakota County ($1,548).
It is also higher than in Minnesota ($1,280).
It is not measurably different from the national figure ($1,413).
In Dakota County, Inver Grove Heights ranks 12 of 25 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 179 of 1,347.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Inver Grove Heights has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,142 (±$43) | $1,465 (±$92) | +28.3% | No measurable change after inflation |
| Households that rent | 32.2% (±2.2 points) | 23.1% (±2.4 points) | −9.1 percentage points | Measurable decrease |
| Rental vacancy rate | 1.5% (±1.5 points) | 1.8% (±2.0 points) | +0.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Inver Grove Heights
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Inver Grove Heights | — | $1,465 (±$92) | — |
| St. Paul Park | 3.3 mi | $2,174 (±$387) | Higher |
| South St. Paul | 4.2 mi | $1,199 (±$63) | Lower |
| Newport | 4.3 mi | $1,122 (±$81) | Lower |
| Mendota Heights | 5.0 mi | $1,631 (±$139) | Not measurably different |
| Eagan | 5.1 mi | $1,679 (±$37) | Higher |
| West St. Paul | 5.2 mi | $1,282 (±$103) | Lower |
| Rosemount | 5.8 mi | $1,640 (±$113) | Higher |
| Mendota | 6.4 mi | $875 (±$330) | Lower |
Nearby places with a measurably lower figure: South St. Paul, MN ($1,199), Newport, MN ($1,122), West St. Paul, MN ($1,282).
Nearby places with a measurably higher figure: St. Paul Park, MN ($2,174), Eagan, MN ($1,679), Rosemount, MN ($1,640).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Dakota County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 6 | Eureka Township | $1,643 (±$1,002) |
| 7 | Rosemount | $1,640 (±$113) |
| 8 | Mendota Heights | $1,631 (±$139) |
| 9 | Randolph | $1,563 (±$486) |
| 10 | Burnsville | $1,513 (±$52) |
| 11 | Waterford Township | $1,472 (±$383) |
| 12 | Inver Grove Heights | $1,465 (±$92) |
| 13 | West St. Paul | $1,282 (±$103) |
| 14 | Farmington | $1,241 (±$244) |
| 15 | Vermillion | $1,208 (±$277) |
| 16 | South St. Paul | $1,199 (±$63) |
| 17 | Hastings | $1,183 (±$74) |
| 18 | Vermillion Township | $1,150 (±$62) |
Showing 13 of 25 places in Dakota County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Inver Grove Heights
What is the average rent in Inver Grove Heights, MN?
The Census Bureau publishes the median rather than the average: the median gross rent in Inver Grove Heights is $1,465 (±$92) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Inver Grove Heights?
In Inver Grove Heights, the median gross rent went from $1,142 in 2015–2019 to $1,465 in 2020–2024 (+28.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Inver Grove Heights cost more than $2,000 a month?
16.8% of rented homes in Inver Grove Heights have a gross rent of $2,000 or more a month, and 3.5% cost less than $500.
Is rent in Inver Grove Heights higher than in Dakota County?
In Inver Grove Heights, median gross rent is not measurably different from Dakota County ($1,548).
It is also higher than in Minnesota ($1,280).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Inver Grove Heights city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Inver Grove Heights city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Inver Grove Heights city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Inver Grove Heights city, Minnesota (place:31076, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Homeowner costs in Inver Grove Heights
- Property taxes in Inver Grove Heights
- Types of homes in Inver Grove Heights
- Bedrooms in Inver Grove Heights
- Age of homes in Inver Grove Heights
- Vacancy rate in Inver Grove Heights
- Heating fuel in Inver Grove Heights
- Commute and cars in Inver Grove Heights
- Crime reported to police in Inver Grove Heights
- Population growth in Inver Grove Heights
- How long people stay in Inver Grove Heights
- Crowding and facilities in Inver Grove Heights
- Minnesota landlord and tenant rules
- Housing across Dakota County
- Minnesota places ranked by median rent
- Housing data for every place in Minnesota