Apartments in Farmington

1 - 4 of 4 Results
8
$872
4345-4355 220th St W Farmington, MN
2 BR | Available Now
Contact
Heat Included
Income Restricted
Section 8
20
$2,850
Farmington, MN
4 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
29
$1,650
Farmington, MN
2 BR | Ask for Availability
Contact
House
24
$1,650
Farmington, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1 - 4 of 4 Results
  1. Home
  2. Minneapolis Area Apartments
  3. Farmington

Search Cities Near Farmington, MN

Farmington:
March Rent Report

Welcome to the March 2024 Farmington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Farmington rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Farmington and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Farmington average rent prices in the chart below.

Monthly Rent Report

$1,450
$1,090
$730
$360
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Farmington Rent Prices Decrease From February to March

Farmington rent prices decreased over the last month. From February to March, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Farmington one-bedroom apartments currently stands at $883.0.

When we take a look at the two-bedroom comparison from February to March, Farmington experienced a 0.81% increase for the price of a two-bedroom apartment. The rent price for a Farmington two-bedroom apartments currently stands at $1,122.0.

March Prices: Farmington vs. Surrounding Areas

Rent Prices in Farmington and Surrounding Areas

Rent prices have decreased in Farmington over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Farmington suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Farmington suburbs

  • Rents did not decrease in any of the Farmington suburbs.

March 2024 Pricing Trends: Farmington vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Farmington Rent Prices More Affordable Than Major Cities

Rent growth in Farmington over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Farmington average rent prices appear to be relatively affordable for local residents.

The price for a Farmington one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Farmington and surrounding area rent prices, take a look at the complete data set below.

Data set for Farmington and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.