Cheap Homes for Rent in Farmington, MN from $1,500 (7 Rentals)

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

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 2894 138th St W

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 2 Bath Home for Rent

Available Now

2894 138th St W

RosemountMN55068
property at 20577 Erin Ct

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775

Total Monthly Price
$1,775

2 Bedroom, 2 Bath Townhome for Rent

Available Apr 1

20577 Erin Ct

FarmingtonMN55024

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.

property at 325 Brutus Dr

$1,779

Total Monthly Price

Total Monthly Price

Base Rent
$1,779

Total Monthly Price
$1,779

3 Bedroom, 2 Bath Home for Rent

Available Now

325 Brutus Dr

LakevilleMN55044
property at 15711 Fjord Ave

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

15711 Fjord Ave

Apple ValleyMN55124
property at 17041 Embers Ave

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

2 Bedroom, 2 Bath Townhome for Rent

Available Now

17041 Embers Ave

FarmingtonMN55024

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.

property at 14260 Empire Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 2 Bath Townhome for Rent

Available Now

14260 Empire Ave

Apple ValleyMN55124

Farmington, MN Local Guide

Cheapest Neighborhoods for Apartments in Farmington, MN

Pricing Updated: 02/03/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Middle Creek$2,380$1,150102
Mystic Meadows$2,380$1,290119

Cheapest Available Farmington Apartments for Rent

 

The cheapest available apartment rental in Farmington, MN is a 1 Bed unit found at Centennial & Heritage Apartments in the Wood Hill neighborhood priced from $950. Wexford Place in the Glendalough neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,395. Here is today’s list of the most affordable Farmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Centennial & Heritage Apartments1 bedroom1BR,1BA$950
Wexford PlaceC12BR,2BA$1,395
Springs At Cobblestone LakeStudio Grand OverlookStudio,1BA$1,475

Best Value Apartments for Rent in Farmington, MN

As of February 03, 2026 the best value apartment in the Farmington area is the $1.20 price per square foot 2 Bedroom Tax Credit Model at Farmington Family Townhomes in the in the Wood Hill neighborhood starting from $1,500. The second greatest value Farmington apartment is the LAMARR II (ACC) Model at The Edison at Avonlea starting at $1,945 with a $1.77 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Farmington Family Townhomes2 Bedroom Tax Credit2BR,1BA$1.20
The Edison at AvonleaLAMARR II (ACC)2BR,2BA$1.77
Livery Modern ApartmentsMustang (Lower)1BR,1BA$2.16
345 3rd St, Unit Fletcher345 3rd St1BR,1BA$1.53
Centennial & Heritage Apartments1 bedroom1BR,1BA$1.17
The EmeryC02.11BR,1BA$2.25
Springs at Lakeville1 BR Designer Courtyard1BR,1BA$2.01
The Edison at SpiritEASTMAN1BR,1BA$2.07
Rye ApartmentsAbruzzi1BR,1BA$2.33
Springs At Cobblestone LakeStudio Grand OverlookStudio ,1BA$2.36

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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The 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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Farmington, MN Rentals by Map

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Frequently Asked Questions about Farmington

What type of rentals are currently available in Farmington?

There are currently 40 Apartments for Rent in Farmington, MN with pricing that ranges from $1,150 to $3,045. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Farmington ranging from $1,550 to $4,500.

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 $1,550 to $4,500 with an average monthly rent of $2,690.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.