
Cheap Homes for Rent near Farmington, IA from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Farmington.


518 W Murray St

516 South St

322 S Madison St

204 S Main St
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.

703 W 5th St

708 SW 6th St

517 N 14th St

1205 S 15th St

605 W 3rd St
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.

151 E 3rd St

410 Burlington St

4931 Abrams Dr

5220 Loft Dr

522 W Murray St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1017 Park Ave

701 N E St
Farmington, IA Local Guide

How much does it cost to rent a home in Farmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Farmington 2 Bedroom Homes for Rent | $1,069 | $725 | $2,300 |
| Farmington 3 Bedroom Homes for Rent | $1,087 | $885 | $1,300 |
Browse Top Homes for Rent in Farmington
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Farmington, IA Local Guide
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Cheapest Available Farmington Apartments for Rent and Nearby
 The cheapest available apartment rental in Farmington, IA is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $267. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable Farmington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Creek Crossing Apartments | 2 Bed 2 Bath | 2BR,2BA | $267 |
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Smith and Royer Apartments | 1 Bedroom Side Apartment | 1BR,1BA | $550 |
| Caspian Village Apartments | 2 Bedroom, 1 Bathrom | 2BR,1BA | $625 |
| Welch Hotel Senior Apartments | Studio | Studio,1BA | $650 |
Best Value Apartments for Rent in Farmington, IA and Nearby
As of July 12, 2026 the best value apartment in the Farmington area is the $0.85 price per square foot 3 BR / 2 BA Model at Creekside Park in the starting from $1,029. The second greatest value Farmington apartment is the Blaul Lofts - 208 Model at Blaul Lofts starting at $1,050 with a $1.00 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for Farmington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Creekside Park | 3 BR / 2 BA | 3BR,2BA | $0.85 |
| Blaul Lofts | Blaul Lofts - 208 | 2BR,1BA | $1.00 |
| Cedar Creek Crossing Apartments | 2 Bed 2 Bath | 2BR,2BA | $0.28 |
| Westland Village | 2x1 | 2BR,1BA | $0.89 |
| Hawthorne Townhomes | 2 Bedrooms 2 Bath | 2BR,1.5BA | $0.91 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| Black Hawk Village | 2 Bedroom | 2BR,1BA | $1.19 |
| School House Apartments | Studio | Studio ,1BA | $1.12 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| Caspian Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.16 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Farmington
What type of rentals are currently available in Farmington?
There are currently 56 Apartments for Rent in Farmington, IA with pricing that ranges from $390 to $5,600. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Farmington ranging from $595 to $5,000.
What is the current price range for Rental Homes in Farmington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Farmington ranges from $595 to $5,000 with an average monthly rent of $2,075.
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.
Articles, How-To's, and Tips

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.