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
$2,027/mo
▲ +0.2% from last month
Lowest Available
$1,615/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
9
available now
Rent Watch: cuts and increases
Open Rent Watch →0 cuts and 2 increases among 2 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.
Apple Valley 55124 vs Apple Valley, MN Average
Apple Valley 55124 is more expensive than the Apple Valley, MN average by $111/mo (6%). The citywide average is $1,916/mo across all neighborhoods.
Is Rent Going Up or Down in Apple Valley 55124?
As of October 2026, the average rent in Apple Valley 55124 is $2,027 per month across 2 apartment communities and 9 available units. Rents have increased $4 (0.2%) over the past month.
The most affordable option is Valley Pond starting at $1,615/mo. By unit type, a 2-bedroom averages $2,027/mo.
Prices range from $1,615 to $2,305 per month. The most common price point is the $1,600 range, where 3 units are currently listed.
Apple Valley 55124 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,971 | - | 5 |
| August 2026 | $1,957 | -$14 | 5 |
| September 2026 | $1,912 | -$45 | 5 |
| October 2026 | $1,913 | +$1 | 5 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
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 |
|---|---|---|---|---|
| Valley Pond | $1,615/mo | $1,645/mo | 3 | 4.8 |
| Nuvelo at Parkside | $2,170/mo | $2,218/mo | 6 | 3.7 |
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
$81,000/year
Based on the 30 percent rule, using our tracked average rent of $2,027/mo.
Comfortable income
$97,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,615/mo), you need to earn at least $65,000/year.
Median household income in Apple Valley 55124 is $99,277 , about 2% above 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) | $2,027 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,631/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.