Cheap Homes for Rent in Palomino Hills Neighborhood of Apple Valley, MN from $1,500 (4 Rentals)

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

property at 12655 Garner Way

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 2 Bath Home for Rent

Available Now

12655 Garner Way

St. PaulMN55124
property at 7126 123rd St W

$1,599

Total Monthly Price

Total Monthly Price

Base Rent
$1,599

Total Monthly Price
$1,599

2 Bedroom, 2 Bath Home for Rent

Available Now

7126 123rd St W

St. PaulMN55124

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.

property at 14248 Hemlock Ct N

$1,799

Total Monthly Price

Total Monthly Price

Base Rent
$1,799

Total Monthly Price
$1,799

2 Bedroom, 1 Bath Home for Rent

Available Now

14248 Hemlock Ct N

Apple ValleyMN55124

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Palomino Hills, Apple Valley, MN Local Guide

Best Value Apartments for Rent in Palomino Hills, MN

As of May 26, 2026 the best value apartment in the Palomino Hills area is the $1.47 price per square foot C2 Model at Wyngate in the in the Heart of the City neighborhood starting from $2,223. The second greatest value Palomino Hills apartment is the Three Bedroom - B Model at The Legends of Apple Valley 55+ Apartments starting at $1,955 with a $1.45 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 ListingModel NameBed/BathPrice Per Sq.Ft.
WyngateC23BR,2BA$1.47
The Legends of Apple Valley 55+ ApartmentsThree Bedroom - B3BR,2BA$1.45
Elevate on Parkway3 Bed - 2 Bath (Renovated)3BR,2BA$1.60
Parkwood Heights Apartments2C - 2 Bedroom2BR,1.5BA$1.64
Twelve 501 Apartment HomesThe Garland B2BR,2BA$1.45
Palomino East2 Bedroom 2 Bathroom2BR,2BA$1.75
Connelly On ElevenA2R - Closed or Open Den1BR,1BA$1.49
The Bluffs of Burnsville1 BR1BR,1BA$1.43
Briar Oaks1 bedroom1BR,1BA$1.48
CARRINGTON COURT1 Bedroom 1 Bath Waitlist Application1BR,1BA$1.64

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.

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Real 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 Article
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Quick 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.

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Pet Friendly Lifestyle
Palomino Hills, Apple Valley, MN

Ranked #3

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Palomino Hills

What type of rentals are currently available in Palomino Hills?

There are currently 47 Apartments for Rent in Palomino Hills, MN with pricing that ranges from $1,015 to $2,399. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palomino Hills ranging from $1,550 to $2,095.

What is the current price range for Rental Homes in Palomino Hills?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Palomino Hills ranges from $1,550 to $2,095 with an average monthly rent of $1,786.

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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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

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