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Farmington, MN Homes for Rent

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  • /56

    Starting at $1,655

    Total Monthly Price

    • 1 - 3 Beds

    21401 Dushane Pkwy, Farmington, MN 55024

    Nestled near the Vermillion River in Farmington, Minnesota, Rye Apartments provide the perfect blend of stylish comfort and hometown charm. Here, you're surrounded by nature's calm yet close to everything - from shopping and dining to parks and trails.Choose from a variety of studio, 1-, 2- or 3-bedroom floor plans, each featuring contemporary kitchens, premium flooring, and finishes with

    Rye Apartments

    (651) 858-3400

    21401 Dushane Pkwy, Farmington, MN 55024
  • /47

    Starting at $1,535 Plus Fees

    • 1 - 2 Beds

    310 3rd St, Farmington, MN 55024

    Join us and explore the modern amenities, stylish living spaces, and the vibrant community atmosphere that The Emery has to offer. SCHEDULE A TOUR TODAY!Reserve Your Unit Today for November 1st Grand Opening!Unveil a world of unparalleled amenities and top of the line features that redefine modern living. Farmington, MN, is a charming city located about 30 miles southeast

    The Emery Apartments

    (651) 371-9645

    310 3rd St, Farmington, MN 55024
  • /35

    Starting at $1,350 Plus Fees

    • 2 Beds

    1337 Centennial Dr, Farmington, MN 55024

    Find Your Perfect Home at Centennial & Heritage Apartments in Farmington, MN. Comfortable living with modern updates – studio, 1 & 2 bedroom apartments.Welcome to this thoughtfully updated apartment community, offering comfortable studio, 1 & 2 bedroom homes designed for everyday living.Apartment Features:- Newly renovated and upgraded interior including granite

    Centennial & Heritage Apartments

    (763) 363-7345

    1337 Centennial Dr, Farmington, MN 55024
  • /20

    $3,550 Plus Fees

    • 6 Beds
    • 3 Baths
    • 3,441 Sq Ft
    • House for Rent

    18635 Explorer Way, Farmington, MN 55024

    Discover your next home at 18635 Explorer Way in the charming community of Farmington, MN. This stunning 6-bedroom, 3.5-bathroom house offers 3,441 sq ft of beautifully designed living space. Tucked away in a serene neighborhood, you're just minutes from parks, top-rated schools, and convenient shopping centers. Open kitchen with a breakfast bar, main level laundry with large capacity

    (651) 413-7132

    18635 Explorer Way, Farmington, MN 55024
  • /20

    $2,995 Plus Fees

    • 3 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • House for Rent

    3716 192nd St W, Farmington, MN 55024

    Available September 1st - Another new listing brought to you by The Ted Daley Real Estate Group and Renosy by Renters Warehouse. This newer home walks into a large entry with a bedroom or possible office area, bathroom and a second bedroom on the right and a spacious laundry room to the left. Straight ahead is an open concept living, kitchen and dining area complete with fireplace, large windows

    (763) 363-6592

    3716 192nd St W, Farmington, MN 55024
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    $2,900

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,786 Sq Ft
    • House for Rent

    1004 Locust St, Farmington, MN 55024

    This well-maintained single-family home is located in a quiet, established neighborhood in Farmington. Built in 1997, the home offers approximately 1,786 square feet of living space with a functional layout designed for everyday comfort.Inside, you’ll find 4 bedrooms and 1.5 bathrooms, providing flexible space for families, guests, or a home office setup. The main living areas are bright and

    1004 Locust St, Farmington, MN 55024
  • /2

    $1,850 Per Month

    • 2 Beds
    • 2 Baths
    • 1,220 Sq Ft
    • Apartment for Rent

    220 1st St, Farmington, MN 55024

    Built 2017- Block foundation Vinyl siding Large driveway Asphalt shingles Each unit it 3 bedrooms and 2 full bath. One full bath in hallway off bedrooms the other full bath is in the master bedroom as a private bath. Newer Stainless steel appliances High efficient furnaces High efficient ac units Separate gas meters Separate electric meters Air exchange Electric water heaters Stacked washer and

    Benjamin Hanf LPT Realty, LLC

    220 1st St, Farmington, MN 55024
  • /15

    $1,250

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 910 Sq Ft
    • Condo for Rent

    808 2nd St Unit 3, Farmington, MN 55024

    808 2nd St Unit 3, Farmington, MN 55024
  • /12

    $2,650

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,062 Sq Ft
    • Townhouse for Rent

    7023 181st St W, Lakeville, MN 55044

    Beautiful Like-New Townhome in Prime Lakeville Location !!Welcome to this gorgeous, like a brand new town home located in prime spot in Lakeville. The house has a contemporary design with hardwood floors, a bright and big kitchen, and stainless steel equipment in the kitchen. The open floor layout allows for a seamless flow between the living, dining, and kitchen rooms, making it great

    7023 181st St W, Lakeville, MN 55044

Why Live in Farmington

Farmington, Minnesota, is a small city with a growing population of nearly 24,000 residents, characterized by its historic downtown and new housing developments. The Exchange Bank Building, constructed in 1880, is a notable landmark reflecting the city's rich history. Farmington maintains a small-town feel with annual events like Dew Days and the Dakota County Fair, fostering a strong sense of community. The downtown area features longstanding businesses such as the Farmington Steakhouse, casual dining options, and local shops, while big-box retail stores are accessible in nearby Lakeville. Residents enjoy over 30 public parks and nearly 50 miles of trails, offering winter activities like skiing, snowmobiling, and ice fishing, as well as summer water sports. The Farmington Public School District is highly rated, contributing to the city's appeal for families. Housing options range from historic homes near the downtown area to contemporary new developments, with lot sizes varying from compact to expansive. Farmington is about 30 miles south of Minneapolis, providing convenient access to the city via Interstate 35. The crime rate in Farmington has declined significantly, with residents experiencing lower-than-average rates of violent and property crimes compared to Minnesota averages. For those seeking things to do, Farmington offers a mix of outdoor activities, community events, and local dining experiences.

Frequently Asked Questions

How much does it cost to rent a home in Farmington, MN?
The median rent for a home in Farmington, MN is $2,697 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Farmington, MN?
To comfortably afford the median rent in Farmington, MN, a household needs to earn roughly $107,880 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 $2,697 per month in Farmington, MN, renters typically need to show $8,091 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 Farmington, MN?
In Farmington, MN, the price-to-rent ratio is 12.0, 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 Farmington, MN are best for renting a home?
The best neighborhood for renting in Farmington, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Cobblestone Lake, Alimagnet, South Loop, West Bloomington and Downtown Apple Valley, each with its own character and price range.

Rental Trends in Farmington, MN

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$2,697
Median Single Family Home Rent
$2,900
Median Condo Rent
$1,250
How to Rent a Home