Apple Valley, Minnesota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Apple Valley, Minnesota rental market.
Apple Valley, Minnesota
Average Apartment Rent
$1,816
Y-o-Y Change in Average
Apartment Rent
3.5%
As of March 2026
Compared to a year ago, Apple Valley, Minnesota apartments have recorded a 3.5% rent increase.
Apple Valley, Minnesota Average apartment rent trend
Apple Valley, Minnesota Average Apartment Rent
Apple Valley, Minnesota Apartment rent ranges
At 49.85%, apartments priced $1,500 - $2,000 represent the bulk of Apple Valley, Minnesota rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.31%.
Apple Valley, Minnesota Housing tenure**
Renters take up 24% of Apple Valley, Minnesota real estate, occupying a total of 5,210 units, while homeowners live in 16,101 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$55,233
Average household size of renter-occupied housing units**
2.36
Rental vacancy rate**
5.3%
Apple Valley, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 2,159 rentals in Apple Valley, Minnesota with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 256 units. Overall, the median number of rooms in Apple Valley, Minnesota homes for rent is 4.4.
Apple Valley, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Apple Valley, Minnesota are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 3%.
Apple Valley, Minnesota Renter-occupied housing units by family type**
Apple Valley, Minnesota Renter-occupied housing units by the presence of own children**
A total of 2,687 apartments for rent in Apple Valley, Minnesota, or 52% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 1,609 units. All in all, the median size of a renter-occupied household in Apple Valley, Minnesota is 2.36.
Apple Valley, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Apple Valley, Minnesota.
Apple Valley, Minnesota Renter-occupied units by year structure built**
The highest share of Apple Valley, Minnesota apartment rentals, namely 26% or 1,334 units, were Built 1990 - 1999, followed by those Built 2010 - 2019 (25%, 1,299 units), and the ones Built 1970 - 1979 (13%, 694 units).
Apple Valley, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Apple Valley, Minnesota renters (45%) moved in 2018 to 2020, while only 4% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Apple Valley, Minnesota condos for rent is 2018.
Apple Valley, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Apple Valley, Minnesota renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 15% have No vehicle available.
Apple Valley, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Apple Valley, Minnesota Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Apple Valley, Minnesota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
