Last updated
Average Rent in Apple Valley 55124 & Rent Trends
Rent prices and market trends across 2 apartment communities in Apple Valley 55124, Apple Valley, MN. Updated daily.
Market Average
$2,085/mo
Lowest Available
$1,586/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
3
available now
Price Cuts This Week in Apple Valley 55124
4 listed units across 1 building offering 3 bed units in Apple Valley 55124 dropped their asking rent in the past 7 days, an average cut of $97/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Remington Cove Apartments | Unit 133, Pippin 2 | $2,634 | $2,381 | $253 |
| Remington Cove Apartments | Unit 125, Kelley 1 | $1,208 | $1,146 | $62 |
| Remington Cove Apartments | Unit 213, Potter | $2,017 | $1,974 | $43 |
| Remington Cove Apartments | Unit 114, Southport 1 | $1,228 | $1,198 | $30 |
Apple Valley 55124 vs Apple Valley, MN Average
Apple Valley 55124 is more expensive than the Apple Valley, MN average by $201/mo (11%). The citywide average is $1,884/mo across all neighborhoods.
Is Rent Going Up or Down in Apple Valley 55124?
As of September 2026, the average rent in Apple Valley 55124 is $2,085 per month across 2 apartment communities and 3 available units.
The most affordable option is Hearthstone Apartments & Townhomes starting at $1,586/mo. By unit type, a 3-bedroom averages $2,085/mo.
Prices range from $1,586 to $2,381 per month. The most common price point is the $2,200 range, where 2 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Apple Valley 55124
Rent Prices by Apartment in Apple Valley 55124
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hearthstone Apartments & Townhomes | $1,586/mo | $1,937/mo | 2 | 2.6 |
| Remington Cove Apartments | $2,381/mo | $2,381/mo | 1 | 4.6 |
Frequently Asked Questions About Rent in Apple Valley 55124
What is the average rent in Apple Valley 55124?
Is rent going up or down in Apple Valley 55124?
What is the cheapest apartment in Apple Valley 55124?
How many apartments are available in Apple Valley 55124?
What salary do I need to live comfortably in Apple Valley 55124?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$83,000/year
Based on the 30 percent rule, using our tracked average rent of $2,085/mo.
Comfortable income
$100,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,586/mo), you need to earn at least $63,000/year.
Median household income in Apple Valley 55124 is $99,277 , about 1% below the comfortable-living threshold.
Cost of living in Apple Valley 55124
Overall prices in Apple Valley 55124 runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Apple Valley 55124's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,085 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,689/mo |
Population
55,696
Median household income
$99,277
Census median rent
$1,678/mo
Census rent burden
31.1%
Median age
37.0
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Apple Valley 55124 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Apple Valley 55124 Apartments
Browse all 2 communities with daily-updated pricing and availability.