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Farmington, MN Houses for Rent

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  • 20515 Chippendale Ave W, Farmington, MN 55024
    20515 Chippendale Ave W, Farmington, MN 55024
    20515 Chippendale Ave W, Farmington, MN 55024
    /10

    $2,300

    Total Monthly Price

    • 4 Beds
    • 1.5 Baths
    • 1,750 Sq Ft
    • House for Rent

    20515 Chippendale Ave W, Farmington, MN 55024

    Beautiful 3BR Home for Rent in Farmington, MN – Available Now! Looking for space, comfort, and convenience? This charming 3-bedroom home has everything you need!Features You'll Love:• Huge living room – perfect for relaxing or entertaining• Spacious kitchen with ample storage and prep space• Full basement + dedicated laundry room• Gorgeous hardwood floors

    20515 Chippendale Ave W, Farmington, MN 55024
  • 505 13th St, Farmington, MN 55024
    505 13th St, Farmington, MN 55024
    505 13th St, Farmington, MN 55024
    /11

    $2,495

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • House for Rent

    505 13th St, Farmington, MN 55024

    This charming single-family home offers 3 bedrooms, 2 bathrooms, and a dry bar area perfect for entertaining! The kitchen is fully equipped with stainless steel appliances and the master bedroom features a walk-in closet. Sliding door, and garage access directly to the large fenced-in backyard. Available May 1st - hurry and schedule your showing today!

    505 13th St, Farmington, MN 55024
Minnesota Dakota County Farmington

Houses for Rent in Farmington, MN

Frequently Asked Questions

How much does it cost to rent a single-family home in Farmington, MN?
The median rent for a single-family home in Farmington, MN is $2,398 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Farmington, MN?
To comfortably afford the median rent in Farmington, MN, a household needs to earn roughly $79,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,995 per month in Farmington, MN, renters typically need to show $5,985 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Farmington, MN?
In Farmington, MN, the price-to-rent ratio is 16.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Farmington, MN

There are currently 2 single-family homes available for rent in Farmington, MN. The median rent is $2,398 per month, with 3-bedroom houses renting at $2,495 and 4-bedroom houses at $2,700.

Rental Home Trends

Number of Houses for Rent
2
Median Single Family Home Rent
$2,398
Median 3 Bedroom Single Family Home Rent
$2,495
Median 4 Bedroom Single Family Home Rent
$2,700
How to Rent a Home

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