
Cheap Apartments for Rent in the Palomino Hills Neighborhood of Apple Valley, MN from $800 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palomino Hills area of Apple Valley.


Total Monthly Price
Cedar Valley Apartments

Briar Oaks

Applewoods Apartments

Palomino East

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Boulder Ridge
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

WW Apartments

Hidden Ponds

Berkshire of Burnsville

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Willow Pond

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Parkwood Pointe Apartments

The Bluffs of Burnsville
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Elevate on Parkway

CARRINGTON COURT

Total Monthly Price
Connelly On Eleven

Total Monthly Price
The Woods of Burnsville Apartments

Total Monthly Price
Oakleaf Townhomes

Total Monthly Price
Twelve 501 Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Total Monthly Price
Cinnamon Ridge Apartments

Cedar Villas

Parkwood Pond

Total Monthly Price
Parkwood Heights Apartments

Dahcotah View Apartments

7126 123rd St W
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

8295-8301 144th St W

The Legends of Apple Valley 55+ Apartments
Palomino Hills, Apple Valley, MN Local Guide

How much does it cost to rent an apartment in Palomino Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palomino Hills Studio Apartments | $1,206 | $1,119 | $1,334 |
| Palomino Hills 1 Bedroom Apartments | $1,361 | $1,135 | $1,654 |
| Palomino Hills 2 Bedroom Apartments | $1,558 | $1,165 | $1,970 |
| Palomino Hills 3 Bedroom Apartments | $1,967 | $1,599 | $2,399 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Palomino Hills Neighborhood of Apple Valley, MN.
See all Apartments in Apple ValleyExplore Apple Valley
Palomino Hills, Apple Valley, MN Local Guide
- Nearby Apple Valley neighborhoods
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- School Districts
Cheapest Available Palomino Hills Apartments for Rent
 The cheapest available apartment rental in the Palomino Hills area of Minneapolis, MN is a 2 Beds unit found at Cedar Ridge Apartments priced from $1,105. Willow Pond has the second lowest priced unit, which is a Studio apartment currently listed from $1,134. Here are the most affordable Palomino Hills apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Ridge Apartments | 2 BR Split | 2BR,1BA | $1,105 |
| Willow Pond | Elm | Studio,1BA | $1,134 |
| The Bluffs of Burnsville | 2 BR 1.5 B | 2BR,1BA | $1,165 |
| Connelly On Eleven | A1R | 1BR,1BA | $1,260 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,292 |
| Oakleaf Townhomes | Camden | 1BR,1BA | $1,380 |
| Twelve 501 Apartments | The Dylan | 1BR,1BA | $1,384 |
| Elevate on Parkway | B1: 2 Bed 2 Bath | 2BR,2BA | $1,406 |
| Cinnamon Ridge Apartments | 1 Bedroom Deluxe | 1BR,1BA | $1,443 |
| CARRINGTON COURT | 2 Bedroom 1-1/4 Bath Waitlist Application | 2BR,1BA | $1,455 |
Best Value Apartments for Rent in Palomino Hills, MN
As of August 26, 2026 the best value apartment in the Palomino Hills area is the $1.64 price per square foot 2C - 2 Bedroom Model at Parkwood Heights Apartments in the in the Heart of the City neighborhood starting from $1,970. The second greatest value Palomino Hills apartment is the Two Bedroom - E Model at The Legends of Apple Valley 55+ Apartments starting at $1,699 with a $1.51 price per square foot in the Cobblestone Legacy neighborhood. Here is today’s list of the best values for Palomino Hills apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkwood Heights Apartments | 2C - 2 Bedroom | 2BR,1.5BA | $1.64 |
| The Legends of Apple Valley 55+ Apartments | Two Bedroom - E | 2BR,1.5BA | $1.51 |
| Briar Oaks | 3 bedroom | 3BR,1.5BA | $1.43 |
| Parkwood Pond | Three Bedroom | 3BR,2BA | $1.52 |
| Cedar Ridge Apartments | 2 BR Split | 2BR,1BA | $1.19 |
| Elevate on Parkway | B1: 2 Bed 2 Bath | 2BR,2BA | $1.49 |
| The Bluffs of Burnsville | 1 BR | 1BR,1BA | $1.46 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1.67 |
| Connelly On Eleven | A1R | 1BR,1BA | $1.69 |
| CARRINGTON COURT | 1BR 1BA A | 1BR,1BA | $1.68 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestylePalomino Hills, Apple Valley, MN
Ranked #3
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Apple Valley. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, places that make kids happy, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Palomino Hills Apartments
How much is rent for a Cheap One Bedroom Palomino Hills Apartment?
The lowest price for a Cheap One Bedroom Palomino Hills Apartment is $1,165 at The Bluffs of Burnsville.
What is the lowest price for a Cheap Two Bedroom Palomino Hills Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palomino Hills is starting from $1,105 at Cedar Ridge Apartments.
What is the most affordable Palomino Hills Three Bedroom Apartment?
The best deal on a cheap Palomino Hills Three Bedroom Apartment rental is at Briar Oaks and starts from $1,599.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

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Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.