
Cheap Apartments for Rent in Farmington, MN from $1,250 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Farmington.


808 2nd St

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Centennial & Heritage Apartments

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349 3rd St, Unit The Oak Room

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Rye Apartments

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The Emery Apartments

3rd Street, Farmington (1020) SW JC
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Eighth Street Apartments

Trinity Terrace

Farmington Family Townhomes

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Springs at Lakeville

16959 Garcia Wy

16953 Garcia Wy

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The Edison at Spirit
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The Edison at Avonlea

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Livery Modern Apartments

Wexford Place

7126 123rd St W

Springs At Cobblestone Lake

8295-8301 144th St W

15539 Float Ln
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12710 Granger Ct

7155 126th St W

7255 126th St W

12585 Gavotte Ave

18340 Kerrville Trail

14865 Damask Ave W

7184 155th St W
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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.
Farmington, MN Local Guide

How much does it cost to rent an apartment in Farmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Farmington Studio Apartments | $1,494 | $1,494 | $1,494 |
| Farmington 1 Bedroom Apartments | $1,683 | $1,325 | $2,119 |
| Farmington 2 Bedroom Apartments | $2,029 | $1,250 | $2,454 |
| Farmington 3 Bedroom Apartments | $2,581 | $2,422 | $2,891 |
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Farmington, MN Local Guide
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Cheapest Neighborhoods for Apartments in Farmington, MN
Pricing Updated: 09/15/2026Current apartment rentals in the Farmington, MN area range in price from $1,250 to $2,612 with an overall median price of $1,685. Here is today’s list neighborhoods with the lowest median pricing for Farmington Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Mystic Meadows | $1,685 | $1,250 | 30 |
Cheapest Available Farmington Apartments for Rent
 The cheapest available apartment rental in Farmington, MN is a 2 Beds unit found at Centennial & Heritage Apartments in the Wood Hill neighborhood priced from $1,250. Wexford Place in the Meadows of Bloomfield neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,426. Here is today’s list of the most affordable Farmington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Centennial & Heritage Apartments | 2 BD/1 BA (715) | 2BR,1BA | $1,250 |
| Wexford Place | C3 - ACC | 2BR,2BA | $1,426 |
| Rye Apartments | Danko | 1BR,1BA | $1,540 |
| Springs at Lakeville | 1 BR Grand Courtyard | 1BR,1BA | $1,587 |
| The Edison at Avonlea | FORD | 1BR,1BA | $1,646 |
| Springs At Cobblestone Lake | 1 BR Grand Courtyard Garage | 1BR,1BA | $1,954 |
| The Emery Apartments | Two Bedroom | 2BR,2BA | $2,225 |
| Livery Modern Apartments | Colt (Lower) | 2BR,2BA | $2,285 |
Best Value Apartments for Rent in Farmington, MN
As of September 15, 2026 the best value apartment in the Farmington area is the $1.77 price per square foot Two Bedroom Model at The Emery Apartments in the in the Wood Hill neighborhood starting from $2,225. The second greatest value Farmington apartment is the Kinsey (Lower) Model at Livery Modern Apartments starting at $2,410 with a $2.15 price per square foot in the Cobblestone Legacy 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. |
|---|---|---|---|
| The Emery Apartments | Two Bedroom | 2BR,2BA | $1.77 |
| Livery Modern Apartments | Kinsey (Lower) | 2BR,2BA | $2.15 |
| Wexford Place | C2 | 2BR,2BA | $1.48 |
| Springs At Cobblestone Lake | 1 BR Grand Courtyard Garage | 1BR,1BA | $2.39 |
| 349 3rd St, Unit The Oak Room | 349 3rd St | 1BR,1BA | $1.66 |
| Springs at Lakeville | 1 BR Designer Courtyard | 1BR,1BA | $1.99 |
| The Edison at Avonlea | FORD | 1BR,1BA | $2.17 |
| Centennial & Heritage Apartments | 2 BD/1 BA (720) | 2BR,1BA | $1.88 |
| Rye Apartments | Danko | 1BR,1BA | $2.18 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 Cheap Farmington Apartments
How much is rent for a Cheap One Bedroom Farmington Apartment?
The lowest price for a Cheap One Bedroom Farmington Apartment is $1,540 at Rye Apartments.
What is the lowest price for a Cheap Two Bedroom Farmington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Farmington is starting from $1,250 at Centennial & Heritage Apartments.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.