Farmington, MN Rental Market Trends
The average rent for an apartment in Farmington is $1,552, a 9% increase compared to the previous year, when the average rent was $1,419.
Average Rent in Farmington, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,552||9%||1,020 sq. ft.|
The average size for a Farmington, MN apartment is 1,020 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
- > $2,0005%
Farmington, MN Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
2,077 or 26% of the households in Farmington, MN are renter-occupied while 5,709 or 73% are owner-occupied.
Farmington, MN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Jan / 2021|
How Farmington Compares to Other Cities
|Average Rent||Y-o-Y Change|
|West St. Paul||$1,147||5%|
For more information about the Farmington rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!