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Farmington, MN Townhomes for Rent

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  • /14

    $1,695

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,164 Sq Ft
    • Townhouse for Rent

    20577 Erin Ct, Farmington, MN 55024

    Pets, Central AC 2 bedrooms, 2 baths Townhome, Farmington!Updated 2-bedroom, 2 bath Townhome Farmington. Close to restaurants, retail, and Middle Creek Park.The main level features a large living room upon entry with a large window for front yard views, and a cozy gas burning fireplace with tile surround. Upper level includes two generously sized bedrooms, full walk-thru

    20577 Erin Ct, Farmington, MN 55024
  • /7

    $1,950

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,358 Sq Ft
    • Townhouse for Rent

    20607 Claire Ct, Farmington, MN 55024

    This spotless 3 bed / 2 bath end unit town home is available for a move in date of August 1st. Large open living dining kitchen area, and patio door opens to a great spot for your grill! Garage has a work bench with bright shop lights and painted floor. Owner pays the association fees which include sewer and water, trash, as well as snow plowing and lawn service. Pets may be considered on a case

    20607 Claire Ct, Farmington, MN 55024

Frequently Asked Questions

How much does it cost to rent a townhouse in Farmington, MN?
The median rent for a townhouse in Farmington, MN is $1,823 per month, though prices vary by neighborhood, size, and property type. As of May 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 $85,000 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 $2,125 per month in Farmington, MN, renters typically need to show $6,375 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 15.3, 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

Rental Home Trends

Number of Townhouses for Rent
2
Median Townhouse Rent
$1,823
Median 2 Bedroom Townhouse Rent
$1,695
Median 3 Bedroom Townhouse Rent
$1,950
How to Rent a Home