Cheap Apartments for Rent in the Palomino Hills Neighborhood of Apple Valley, MN from $800 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Palomino Hills area of Apple Valley.

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WW Apartments
Studio to 1 Bedroom Apartments

WW Apartments

7475 123rd StApple Valley, MN 55124
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Dahcotah View Apartments
Studio to 3 Bedroom Apartments

Dahcotah View Apartments

1601 Cliff Rd EBurnsville, MN 55337
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Palomino Hills, Apple Valley, MN Local Guide

Cheapest Available Palomino Hills Apartments for Rent

 

The cheapest available apartment rental in the Palomino Hills area of Minneapolis, MN is a Studio unit found at Willow Pond priced from $1,120. Cedar Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here are the most affordable Palomino Hills apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Willow PondLilacStudio,1BA$1,120
Cedar Valley Apartments0BR/1.0BAStudio,1BA$1,120
Villas at Pleasant Ave II - 55+Hockey - 1 Bedroom 50%1BR,1BA$1,125
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1,177
CARRINGTON COURT1 Bedroom 1 Bath Waitlist Application1BR,1BA$1,200

Best Value Apartments for Rent in Palomino Hills, MN

As of June 13, 2025 the best value apartment in the Palomino Hills area is the $1.47 price per square foot Three Bedroom - A Model at The Legends of Apple Valley in the in the Cobblestone Legacy neighborhood starting from $1,974. The second greatest value Palomino Hills apartment is the 3 BR 1.5 B Model at Cedar Ridge Apartments starting at $1,500 with a $1.34 price per square foot in the Steeplechase of Eagan neighborhood. Here is today’s list of the best values for Palomino Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Legends of Apple ValleyThree Bedroom - A3BR,2BA$1.47
Cedar Ridge Apartments3 BR 1.5 B3BR,1.5BA$1.34
Twelve 501 Apartment HomesThe Marion2BR,2BA$1.59
Parkwood PondThree Bedroom3BR,2BA$1.52
Boulder RidgeThe Mica1BR,1BA$1.34
Avana West ParkB22BR,1BA$1.40
Applewoods Apartments2 Bedroom 1 Bathrom2BR,1BA$1.55
Elevate on Parkway2 Bed - 2 Bath (Renovated)2BR,2BA$1.59
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1.52
CARRINGTON COURT1 Bedroom 1 Bath Waitlist Application1BR,1BA$1.66

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Palomino Hills, Apple Valley, MN

Ranked #3

Among neighborhoods in Apple Valley, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

What is a cheap apartment in Palomino Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palomino Hills is under $1,460.

What is the price of a cheap apartment in Palomino Hills?

The cheapest apartment in Palomino Hills is Villas at Pleasant Ave II - 55+ which is listed at $1,125, while the average apartment in Palomino Hills costs $3,235.

What types of apartments are the cheapest in Palomino Hills?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 56 regular apartments in Palomino Hills that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Palomino Hills?

Cheap apartments in Palomino Hills have an average cost of $320 which is $2,915 cheaper than the average rent for all rentals in Palomino Hills.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.