How much does it cost to rent in Apple Valley, MN?

As of July 2026, the median monthly rent in Apple Valley, MN is $1,955. This figure is based on aggregated data from public sources and community-submitted rents.

Is Apple Valley cheaper than other Minnesota cities?

Apple Valley is one of the pricier cities in Minnesota, ranking #16 out of 67 cities tracked at $1,955/mo.

When was Apple Valley rent data last updated?

Apple Valley rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MN

Apple Valley

Name: Average Rent Prices in Apple Valley, MN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 55,679·16th most expensive in Minnesota·Rental market data updated monthly for Apple Valley, MN

Median rent (all units)

$1,955/mo

Year-over-Year

+2.0%

Month-over-Month

+0.3%

vs US Median

-$10

Stable (Monthly)

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Most AffordableMost Expensive

Apple Valley · $1,955

More expensive than 56% of US cities · National median $1,965/mo

Rent Reality Score

62/100

Good value

OverheatedFairGreat value

Rents are 6% below what Apple Valley's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,955/mo

Expected by trend

$2,079/mo

The Rent Reality Score compares today's median rent to where Apple Valley's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,380

1 BR

$1,570

2 BR

$1,910

3 BR

$2,540

4 BR+

$2,850

Research median

$1,910/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$23,460/yr

At $1,955/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.0% YoY, +0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Apple Valley, MN is majority owner-occupied, has a median income above the national average, 45.9% of residents hold a bachelor's degree or higher.

Population

55,679

Median income

$97,673

Median age

Renters

26.6%

Age distribution

24.9%

20.1%

25.4%

12.4%

17.2%

Under 1824.9%

18–3420.1%

35–5425.4%

55–6412.4%

65+17.2%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

68.6%

White68.6%

Black11.1%

Hispanic7%

Asian6%

Other7.3%

Education (25+)

19.4%

29.6%

45.9%

No HS diploma5%

HS diploma19.4%

Some college29.6%

Bachelor's+45.9%

Housing tenure

73.4%

26.6%

Owner73.4%

Renter26.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Apple Valley, MN has changed in 5 years

Rent

$1,604 → $1,955

up 21.9%

Income

$91,936 → $97,673

up 6.2%

Population

55,237 → 55,679

up 0.8%

Renter share

24.2% → 26.6%

+2.4 pts

Bachelor's+

45% → 45.9%

+0.9 pts

Median age

37.5 → 39

+1.5 yrs

Five years ago, renters in Apple Valley, MN paid around $1,604 a month. That figure now sits near $1,955, up 21.9% from the 2021 baseline. Census figures show median household income at $97,673 today, compared with $91,936 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 24.2% to 26.6%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Apple Valley

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View Apple Valley rent history (2015–2026) →

Salary vs rent

Can you afford rent in Apple Valley on your salary?

At $1,955/mo, how Apple Valley rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 23.9% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 33.6% income

stretched

Police Officer

Avg $80,361/yr · Rent = 29.2% income

affordable

Software Developer

Avg $143,634/yr · Rent = 16.3% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 12.8% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 35.9% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 39.8% income

stretched

Electrician

Avg $72,696/yr · Rent = 32.3% income

stretched

By apartment size

Apple Valley rent by bedroom count

Median rent for each apartment size in Apple Valley. Click any size for full breakdown.

Local insights

Tips for renters in Apple Valley

About renting in Apple Valley, MN

Last updated: July 20, 2026

The median rent in Apple Valley is $1,955/mo as of July 2026. A studio apartment averages $1,380/mo while a 2-bedroom runs $1,910/mo. One-bedroom apartments average $1,570/mo and 3-bedroom units go for $2,540/mo.

At 24% of local median household income ($97,673/yr), Apple Valley ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

Is Apple Valley an affordable city for renters?

Apple Valley is considered very affordable for renters. At $1,955/mo, rent takes approximately 24% of the local median household income ($97,673/yr). The standard benchmark is 30%. Apple Valley falls comfortably within that range.

How much income do you need to rent in Apple Valley?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,955/mo in Apple Valley. The local median household income is $97,673/yr, meaning the typical Apple Valley household meets that threshold.

Is rent going up or down in Apple Valley?

Rent in Apple Valley has increased 2.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Apple Valley rent compare to other cities in Minnesota?

Apple Valley is one of the pricier cities in Minnesota for rent, ranking #16 out of 67 tracked cities at $1,955/mo.

Which nearby cities are cheaper to rent in than Apple Valley?

Several nearby cities have lower median rents than Apple Valley ($1,955/mo): Burnsville ($1,486/mo), Eagan ($1,632/mo), Inver Grove Heights ($1,861/mo).

What percentage of Apple Valley residents rent vs. own?

According to Census data, approximately 26.6% of Apple Valley households are renters, while 73.4% are owner-occupied. Apple Valley leans toward homeownership, which can mean a smaller rental inventory.

How does Apple Valley rent compare to the national average?

Apple Valley's median rent of $1,955/mo is $10 (1%) below the US national median of $1,965/mo. Within Minnesota, it ranks #16 out of 67 tracked cities.

Income Affordability

24%

VERY AFFORDABLE

At $1,955/mo, rent takes ~24% of Apple Valley's median household income ($97,673/yr). The standard benchmark is 30%.

Apple Valley 24%Benchmark 30%

State income tax5.35–9.85%

Run the Apple Valley affordability calculator →

Nearby cities