Palomino East
12555 Pennock Ave,
Apple Valley, MN 55124
1-2 Beds | $1,550 - $1,795
Rental Market Trends in Apple Valley, MN
Updated August 2026
The average rent in Apple Valley, MN is $1,533/month.
Rent in Apple Valley is roughly equal to the national average rent of of $1,664/month.
$1,533/month
Average Rent
793 Sq Ft
Average Size
-0.6%
Change / Year
360
Available Apartments
Apple Valley rent varies by unit size and layout:
- Studio apartments in Apple Valley average $1,198 per month.
- One-bedroom apartments in Apple Valley average $1,533 per month.
- Two-bedroom apartments in Apple Valley average $1,842 per month.
- Three-bedroom apartments in Apple Valley average $2,191 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Apple Valley, MN?
In the past year, rent has decreased by 0.6%, which averages out to $9 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Apple Valley, MN
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
30%
$1,001 - $1,500/month
52%
$1,501 - $2,000/month
4%
Above $2,000/month
What salary do I need to live comfortably in Apple Valley, MN?
Because the average rent in Apple Valley is $1,533, you’ll want to make about $5,110 per month or $61,320 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.
View the Apple Valley Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Burnsville
Avg Rent: $1,330/month
-
Eagan
Avg Rent: $1,474/month
-
Lakeville
Avg Rent: $1,574/month
-
Farmington
Avg Rent: $1,380/month
-
Rosemount
Avg Rent: $1,534/month
-
Bloomington
Avg Rent: $1,425/month
-
Savage
Avg Rent: $1,462/month
-
Inver Grove Heights
Avg Rent: $1,482/month
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Frequently Asked Questions
What is the average rent in Apple Valley?
The average rent in Apple Valley is $1,533 per month, which is 7.9% lower than the national average of $1,664.
What is the average rent for a house in Apple Valley?
The average rent for a house in Apple Valley, MN is $2,214 per month.
What is the average rent for a townhome in Apple Valley?
The average rent for a townhome in Apple Valley, MN is $1,950 per month.
Are rents going up or down in Apple Valley?
Rents in Apple Valley, MN are decreasing, with prices down 0.6% year-over-year and $9 less per month.
What rent range is most common in Apple Valley?
In Apple Valley, MN, 52% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.