Rents are 7% below what Apple Valley's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,985 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Apple Valley usually run 0.9% below trend in February and 0.7% above it in June, about $32 a month apart at today's median. Based on 8 years of data.
Rent in Apple Valley is 1.6% below its high of $2,017 in April 2026, at $1,985 as of September 2026.
Rent in Apple Valley changed -0.7% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in Apple Valley rose 23.1% while median household income rose 9.4% ($89,251 to $97,673). Rent outpaced income.
Rent in Apple Valley is 22.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 5 of the last 12 months.
30% of the median household income ($97,673) is $2,442 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,910); a 3-bedroom is $2,540.
Burnsville, 4 miles away, rents for 25% less ($1,493/mo), about $5,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Apple Valley. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Apple Valley, MN has changed in 5 years
Five years ago, renters in Apple Valley, MN paid around $1,677 a month. That figure now sits near $1,985, up 18.4% 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.
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At $1,985/mo, how Apple Valley rent compares to typical pay (30% rule).
Apple Valley rent by bedroom count
Median rent for each apartment size in Apple Valley. Click any size for full breakdown.
Tips for renters in Apple Valley
Last updated: October 17, 2026
The median rent in Apple Valley is $1,985/mo as of October 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 decreased 0.7% over the past year.
Frequently asked questions
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Is rent going up or down in Apple Valley?
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Has rent outpaced income in Apple Valley?
How does Apple Valley rent compare to other cities in Minnesota?
Which nearby cities are cheaper to rent in than Apple Valley?
At $1,985/mo, rent takes ~24% of Apple Valley's median household income ($97,673/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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