Rye Apartments
21401 Dushane Pky,
Farmington, MN 55024
$1,339 - $2,595 Plus Fees
1-3 Beds
Rental Market Trends in Farmington, MN
What is the average rent in Farmington, MN?
$1,326/month
Average Rent
731 Sq Ft
Average Apartment Size
-2.6%
Decrease in the Last Year
As of December 2025, the average rent in Farmington, MN is $1,326 per month. This is 19% lower than the national average rent of $1,631/month, making renting in Farmington more affordable than most cities in the US. When you rent an apartment in Farmington, you can expect to pay about $1,150 per month for a studio, $1,326 for a one-bedroom apartment, and around $1,400 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,892 or more.
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How much has average rent changed in Farmington, MN?
In the past year, rent has decreased by 2.6%, which averages out to $34 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2025
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2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Farmington?
Based on current rent prices, Vermillion River Crossing is the most affordable neighborhood in Farmington.
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What are the most expensive neighborhoods in Farmington?
Based on current rent prices, Vermillion River Crossing is the most expensive neighborhood in Farmington.
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Which Farmington neighborhoods have the most rentals available?
The neighborhood in Farmington with the most apartments available is Vermillion River Crossing .
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What salary do I need to live comfortably in Farmington, MN?
Because the average rent in Farmington is $1,326, you’ll want to make about $4,420 per month or $53,040 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 Farmington, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Farmington, 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.
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Nearby City Rent Trends
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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 November 2025.
* Percentages may not total 100 due to rounding.