Cheap Homes for Rent in Farmington, MN from $1,125 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Farmington.

property at 7126 123rd St W
$1,599

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
property at 8295-8301 144th St W
$1,675

Total Monthly Price

Base Rent$1,675

Total Monthly Price$1,675
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

8295-8301 144th St W

St. PaulMN55124

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 12710 Granger Ct
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
12 Month Lease Term
3 Bedroom, 2 Bath Home for Rent
Available Now

12710 Granger Ct

St. PaulMN55124
property at 7155 126th St W
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
12 Month Lease Term
3 Bedroom, 2 Bath Home for Rent
Available Now

7155 126th St W

St. PaulMN55124
property at 7255 126th St W
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
12 Month Lease Term
3 Bedroom, 2 Bath Home for Rent
Available Now

7255 126th St W

St. PaulMN55124

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 12585 Gavotte Ave
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
3 Bedroom, 2 Bath Home for Rent
Available Now

12585 Gavotte Ave

St. PaulMN55124

Farmington, MN Local Guide

Cheapest Neighborhoods for Homes in Farmington, MN

Pricing Updated: 09/22/2026

Current rental homes in the Farmington, MN area range in price from $1,125 to $4,199 with an overall median price of $2,547. Here is today’s list neighborhoods with the lowest median pricing for Farmington Homes for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mystic Meadows$2,547$1,1259

Cheapest Available Farmington Homes for Rent

 

The cheapest available rental home in Farmington, MN is a 3 Beds home found at 17119 Eastwood Ave in the Mystic Meadows neighborhood priced from $2,100. 16486 Elm Creek Ln in the Cobblestone Lake neighborhood has the second lowest priced home, which is a 3 Beds rental home currently listed from $2,375. Here is today’s list of the most affordable Farmington homes for rent:

Home ListingModel NameBed/BathPriced From
17119 Eastwood Ave17119 Eastwood Ave3BR, 2BA$2,100
16486 Elm Creek Ln16486 Elm Creek Ln3BR, 2BA$2,375
18737 Euclid Path18737 Euclid Path4BR, 3BA$2,941

Best Value Homes for Rent in Farmington, MN

As of September 23, 2026 the best value rental home in the Farmington area is the $1.03 price per square foot 22420 Calico Ct Model at 22420 Calico Ct in the Wood Hill neighborhood starting from $3,000. The second greatest value Farmington rental home is the 18737 Euclid Path Model at 18737 Euclid Path in the Mystic Meadows neighborhood starting at $2,941 with a $1.26 price per square foot. Here is today’s list of the best values for Farmington homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
22420 Calico Ct22420 Calico Ct5BR, 3BA$1.03
18737 Euclid Path18737 Euclid Path4BR, 3BA$1.26
7920 Grinnell Way7920 Grinnell Way3BR, 2BA$1.47
14349 Banyan Ln14349 Banyan Ln3BR, 2.5BA$1.43
17119 Eastwood Ave17119 Eastwood Ave3BR, 2BA$1.38
1134 Pine St1134 Pine St2BR, 2BA$1.53
16486 Elm Creek Ln16486 Elm Creek Ln3BR, 2.5BA$1.68
18 Walnut St18 Walnut St1BR, 1BA$1.13

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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Quick Rent Budget Calculator

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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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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 43 Apartments for Rent in Farmington, MN with pricing that ranges from $1,250 to $2,900. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Farmington ranging from $1,125 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 $1,125 to $5,000 with an average monthly rent of $2,646.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.