MAJESTIC COVE
7472 157th St W,
Apple Valley, MN 55124
$1,185 - $1,750 Plus Fees
1-3 Beds
Apple Ponds is a small suburban neighborhood located about 20 miles south of Downtown Minneapolis and Saint Paul. Residents can reach the Twin Cities in about a 30-minute drive via Interstate 35, so it’s a popular area for commuters, but Apple Ponds has its own modest charm that residents from all walks of life appreciate. The neighborhood is anchored by its namesake park and is located directly north of Valley Lake Park, a popular spot for fishing and lakeside strolls. Apple Ponds is surrounded by grocers, restaurants, and shopping plazas including Apple Valley Square, which is just a mile north of the neighborhood. This relaxed neighborhood has a range of moderately priced apartments available for rent.
As of March 2026, the average apartment rent in Apple Ponds is $1,185 for one bedroom, $1,529 for two bedrooms, and $1,731 for three bedrooms. Apartment rent in Apple Ponds has increased by 1.2% in the past year.
1 BR
723 sq ft
Average Sq Ft
$1,185/month
Average Rent
2 BR
1,024 sq ft
Average Sq Ft
$1,529/month
Average Rent
3 BR
1,340 sq ft
Average Sq Ft
$1,731/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.