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Rent Specials
$1,350
Plus Fees
2 Bedroom Apartments Available NowCentennial & Heritage Apartments
1337 Centennial DrFarmington, MN 55024
Cheap Apartments for Rent in Farmington, MN from $1,200 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Farmington.
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1 to 3 Bedroom Apartments
Cameron Woods
18400-18500 Euclid StFarmington, MN 55024
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1 to 2 Bedroom Apartments
900 8th St
900 8th StFarmington, MN 55024
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Studio Apartments
917 9th St
917 9th StFarmington, MN 55024
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1 to 2 Bedroom Apartments
Fairview Apartments
1020 3rd StFarmington, MN 55024
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.
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1 Bedroom Apartments
Country View of Lakeville
5865 177th St WFarmington, MN 55024
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Studio Apartments
Walnut Apartments
521 3rd StFarmington, MN 55024
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1 to 2 Bedroom Apartments
Eighth Street Apartments
811 8th StFarmington, MN 55024
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2 to 3 Bedroom Apartments
Farmington Family Townhomes
959 Catalina WayFarmington, MN 55024
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1 to 2 Bedroom Apartments
Vermillion River Crossing
21400 Dushane PkyFarmington, MN 55024
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.
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Rent Specials
$1,786 - $6,721
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,691 - $6,626
Required Monthly Fees
$95
Total Monthly Price
$1,786 - $6,721
Livery Modern Apartments
5076 161st St WLakeville, MN 55044
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$1,487 - $2,697
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,341 - $2,551
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Springs at Lakeville
17400 Glacier WayLakeville, MN 55044
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$1,601 - $2,002
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,593 - $1,994
Required Monthly Fees
Varies
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The Edison at Spirit
5181 161st StLakeville, MN 55044
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$1,630 - $1,953
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,622 - $1,945
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The Edison at Avonlea
7255 181st St WLakeville, MN 55044
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Studio to 3 Bedroom Apartments
Springs At Cobblestone Lake
15899 Elmhurst LnApple Valley, MN 55124
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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1 to 3 Bedroom Apartments
Wexford Place
15850 Chippendale Ave WRosemount, MN 55068
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1 to 2 Bedroom Apartments
Cobblestone Square
15848 Emperor AveSt. Paul, MN 55124
Showing Results 1-17, Page 1 of 1
Farmington, MN Local Guide
Farmington Exchange by Appraiser is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Farmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Farmington Studio Apartments | $1,493 | $1,487 | $1,497 |
| Farmington 1 Bedroom Apartments | $1,751 | $1,525 | $2,032 |
| Farmington 2 Bedroom Apartments | $2,026 | $1,250 | $2,465 |
| Farmington 3 Bedroom Apartments | $2,628 | $2,349 | $2,955 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Farmington
See all Apartments in FarmingtonExplore Farmington
Farmington, MN Local Guide
- Farmington Neighborhoods
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Cheapest Neighborhoods for Apartments in Farmington, MN
Pricing Updated: 05/01/2026Current apartment rentals in the Farmington, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Farmington Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Middle Creek | $2,395 | $1,350 | 51 |
| Mystic Meadows | $2,395 | $1,250 | 70 |
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 $1,350. Springs at Lakeville in the Donnelly Farm neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,487. 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 (720) | 2BR,1BA | $1,350 |
| Springs at Lakeville | Studio Grand Overlook | Studio,1BA | $1,487 |
| Springs At Cobblestone Lake | Studio Grand Overlook | Studio,1BA | $1,494 |
| The Emery Apartments | One Bedroom | 1BR,1BA | $1,525 |
| The Edison at Spirit | FORD | 1BR,1BA | $1,601 |
Best Value Apartments for Rent in Farmington, MN
As of May 01, 2026 the best value apartment in the Farmington area is the $2.14 price per square foot Shire Model at Livery Modern Apartments in the in the Cobblestone Legacy neighborhood starting from $2,955. The second greatest value Farmington apartment is the LAMARR II (ACC) Model at The Edison at Avonlea starting at $1,953 with a $1.78 price per square foot in the Donnelly Farm 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. |
|---|---|---|---|
| Livery Modern Apartments | Shire | 3BR,2BA | $2.14 |
| The Edison at Avonlea | LAMARR II (ACC) | 2BR,2BA | $1.78 |
| The Edison at Spirit | FORD | 1BR,1BA | $2.06 |
| The Emery Apartments | 1 Bedroom plus Den | 1BR,1BA | $2.43 |
| Centennial & Heritage Apartments | 2 BD/1 BA (715) | 2BR,1BA | $1.89 |
| Rye Apartments | Danko | 1BR,1BA | $2.34 |
| Springs at Lakeville | Studio Grand Overlook | Studio ,1BA | $2.25 |
| Springs At Cobblestone Lake | Studio Grand Overlook | Studio ,1BA | $2.39 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
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Frequently Asked Questions about Cheap Farmington Apartments
What is a cheap apartment in Farmington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Farmington is under $1,953.
What is the price of a cheap apartment in Farmington?
The cheapest apartment in Farmington is The Emery Apartments which is listed at $1,525, while the average apartment in Farmington costs $2,395.
What types of apartments are the cheapest in Farmington?
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 4 regular apartments in Farmington 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 Farmington?
Cheap apartments in Farmington have an average cost of $229 which is $2,166 cheaper than the average rent for all rentals in Farmington.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.