Starting at $1,777
Total Monthly Price
- 1 - 3 Beds
5076 161st St W, Lakeville, MN 55044
Where style, comfort, and timeless elegance redefine city living.
Livery Modern Apartments
Frequently Asked Questions
How much does it cost to rent a home in Apple Valley, MN?
The median rent for a home in Apple Valley, MN is $1,795 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Apple Valley, MN?
To comfortably afford the median rent in Apple Valley, MN, a household needs to earn roughly $71,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,795 per month in Apple Valley, MN, renters typically need to show $5,385 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Apple Valley, MN?
In Apple Valley, MN, the price-to-rent ratio is 19.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Apple Valley, MN are best for renting a home?
The best neighborhood for renting in Apple Valley, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Galaxie Commons, Alimagnet, South Loop, Downtown Apple Valley and Scott Highlands, each with its own character and price range.
