Rents are 8% 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 $1,916 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: August 17, 2026
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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 $1,604 a month. That figure now sits near $1,916, up 19.5% 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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Can you afford rent in Apple Valley on your salary?
At $1,916/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: August 17, 2026
The median rent in Apple Valley is $1,916/mo as of August 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 0.3% over the past year.
Frequently asked questions
Is Apple Valley an affordable city for renters?
How much income do you need to rent in Apple Valley?
Is rent going up or down 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?
What percentage of Apple Valley residents rent vs. own?
How does Apple Valley rent compare to the national average?
At $1,916/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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