salaryRent is higher than in 76% of U.S. cities. A typical house costs about 3.5 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $87,960 a year. That is $42 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 130 of 150 cities from cheapest to most expensive.
How much do households earn in Apple Valley?
Share of households by yearly income. 38.2% of households earn $100,000 or more.
Rent by apartment size in Apple Valley
| Size | Apple Valley | U.S. average |
|---|---|---|
| Studio | $1,463 | $1,338 |
| 1 bedroom | $1,733 | $1,324 |
| 2 bedrooms | $1,983 | $1,509 |
| 3 bedrooms | $2,009 | $1,698 |
| 4 bedrooms | $2,627 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Apple Valley overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Apple Valley, so the Minnesota figure is shown.
Taxes and bills in Apple Valley
Life in Apple Valley
Is it cheaper to rent or buy in Apple Valley?
Renting is cheaper right now: about $371 a month less.
Owning assumes a typical $370,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,040 for the down payment.
Frequently asked questions
What is the average rent in Apple Valley, MN?
Renting in Apple Valley costs a median of about $2,199 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Apple Valley?
To keep rent under 30% of income, you need about $87,960 a year, or $42 an hour at a full-time job.
Is Apple Valley cheap or expensive?
Apple Valley is rated OK: rent takes 25.1% of the typical household income of $105,340. It ranks 130th cheapest of 150 Minnesota cities we track.
How much are property taxes in Apple Valley?
The median homeowner in Apple Valley pays $3,657 a year in property taxes, about 0.99% of the median home value.
Is Apple Valley more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Apple Valley?
The median home value in Apple Valley is $370,400, about 3.5 times the typical yearly household income.
55,679 people live in Apple Valley. Numbers are typical (middle) values.