Palomino East
12555 Pennock Ave,
Apple Valley, MN 55124
$1,695 - $1,795 Plus Fees
2 Beds
Rental Market Trends in Apple Valley, MN
What is the average rent in Apple Valley, MN?
$1,477/month
Average Rent
794 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of March 2026, the average rent in Apple Valley, MN is $1,477 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Apple Valley rent prices are 9% lower than the national average. When you rent an apartment in Apple Valley, you can expect to pay about $1,255 per month for a studio, $1,477 for a one-bedroom apartment, and around $1,814 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,148 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Apple Valley, MN?
In the past year, rent has increased by 0.4%, which averages out to $6 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Apple Valley, MN
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
35%
$1,001 - $1,500/month
48%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Apple Valley?
Based on current rent prices, Cedar Pointe is the most affordable neighborhood in Apple Valley.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Apple Valley?
Based on current rent prices, Cedar Pointe is the most expensive neighborhood in Apple Valley.
Neighborhood
Average Rent
Average Sq Ft
Which Apple Valley neighborhoods have the most rentals available?
The neighborhood in Apple Valley with the most apartments available is Cedar Pointe .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Apple Valley, MN?
Because the average rent in Apple Valley is $1,477, you’ll want to make about $4,923 per month or $59,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Apple Valley, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Apple Valley, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Apple Valley we think you'll love
Property Management Companies in Apple Valley, MN
Bigos Management
-
52
Communities
-
10,039
Units
-
23
Cities
4 Communities in Apple Valley
Hayloft Properties
-
11
Communities
-
2,071
Units
-
7
Cities
3 Communities in Apple Valley
RPM
-
621
Communities
-
172,880
Units
-
246
Cities
1 Community in Apple Valley
BH
-
293
Communities
-
86,164
Units
-
169
Cities
1 Community in Apple Valley
Continental Properties Company
-
77
Communities
-
21,266
Units
-
64
Cities
1 Community in Apple Valley
Birge & Held
-
106
Communities
-
22,650
Units
-
52
Cities
1 Community in Apple Valley
INH Property Management
-
86
Communities
-
6,076
Units
-
48
Cities
1 Community in Apple Valley
CAPREIT Residential Management LLC
-
52
Communities
-
10,873
Units
-
39
Cities
1 Community in Apple Valley
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.