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Newest Homes for Rent in Farmington, MN

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  • 21401 Dushane Pkwy, Farmington, MN 55024
    21401 Dushane Pkwy, Farmington, MN 55024
    21401 Dushane Pkwy, Farmington, MN 55024
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    Starting at $1,650

    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

    21401 Dushane Pkwy, Farmington, MN 55024
  • 310 3rd St, Farmington, MN 55024
    310 3rd St, Farmington, MN 55024
    310 3rd St, Farmington, MN 55024
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    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

    310 3rd St, Farmington, MN 55024
  • 21618 Orchid Path, Farmington, MN 55024
    21618 Orchid Path, Farmington, MN 55024
    21618 Orchid Path, Farmington, MN 55024
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    $2,495

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,769 Sq Ft
    • Townhouse for Rent

    21618 Orchid Path, Farmington, MN 55024

    For a video tour of this home, please contact the listing agent, Chantel, or search the address "21618 Orchid Path, Farmington," on YouTube.Welcome home to this stunning brand-new 2026 townhome offering the perfect blend of modern style, comfort, and low-maintenance living in Farmington's sought-after Vermillion Commons community. Featuring 3 bedrooms, 3 bathrooms, and nearly 1,800

    21618 Orchid Path, Farmington, MN 55024
  • 1337 Centennial Dr, Farmington, MN 55024
    1337 Centennial Dr, Farmington, MN 55024
    1337 Centennial Dr, Farmington, MN 55024
    /17

    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

    1337 Centennial Dr, Farmington, MN 55024
  • 7023 181st St W, Lakeville, MN 55044
    7023 181st St W, Lakeville, MN 55044
    7023 181st St W, Lakeville, MN 55044
    /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
  • 1004 Locust St, Farmington, MN 55024
    1004 Locust St, Farmington, MN 55024
    1004 Locust St, Farmington, MN 55024
    /14

    $3,200

    Total Monthly Price

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

    1004 Locust St, Farmington, MN 55024

    This fully furnished well-maintained single-family home is located 3 minutes away from highway 3 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

    1004 Locust St, Farmington, MN 55024
  • 808 2nd St Unit 3, Farmington, MN 55024
    808 2nd St Unit 3, Farmington, MN 55024
    808 2nd St Unit 3, Farmington, MN 55024
    /7

    $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
Minnesota Dakota County

Newest Homes for Rent in Farmington, MN

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 $2,762 per month, though prices vary by neighborhood, size, and property type. As of August 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 $110,480 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 $2,762 per month in Farmington, MN, renters typically need to show $8,286 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 11.8, 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 Galaxie Commons, Downtown Apple Valley, East Bloomington and West Bloomington, each with its own character and price range.

Rental Trends in Farmington, MN

There are currently 7 homes available for rent in Farmington, MN. The median rent is $2,762 per month, with single-family homes renting at $3,053 and condos at $1,250.

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$2,762
Median Single Family Home Rent
$3,053
Median Condo Rent
$1,250
How to Rent a Home

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