Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Farmington, MN Rental Market Trends
What is the average rent in Farmington?
The average rent for an apartment in Farmington is $1,647. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Farmington, MN
Last updated January 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,647 | 997 sq. ft. |
What is the average apartment size in Farmington?
The average size for a Farmington, MN apartment is 997 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Farmington, MN Apartment Rent Ranges
Farmington, MN Occupied Housing Units
2,047 or 26% of the households in Farmington, MN are renter-occupied while 5,743 or 73% are owner-occupied.
Farmington, MN Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Jan / 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Farmington, MN | $1,368 | $1,445 | $1,419 | $1,434 | $1,563 | $1,552 | $1,565 | $1,643 | $1,647 |
| National | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
How Farmington Compares to Other Cities
| City | Average Rent |
|---|---|
| Minneapolis | $1,635 |
| St. Paul | $1,375 |
| Bloomington | $1,511 |
| Edina | $1,585 |
| St. Louis Park | $1,684 |
| Minnetonka | $1,545 |
| Eagan | $1,420 |
| Maplewood | $1,180 |
| West St. Paul | $1,199 |
| Eden Prairie | $1,535 |
| Farmington | $1,647 |
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Farmington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.