Rent to own Homes in Farmington, MN

Considered the metropolis of Dakota County, Farmington is home to more than 21,000 residents. At first, Farmington was a rural, small and agricultural community; however, the city has ballooned in recent years because of an emphasis on commercial development and community involvement. Split into three distinct areas, many places in Farmington have gone through recent renovations to make them a state-of-the-art, modern city.

Farmington, MN is a great place for affordable rent-to-own homes! With a median household income of over $95,326 and a median rent of $1,280, the Farmington, MN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Farmington, MN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Farmington, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
14620 GARRETT AVE #211
Rent To Own
 
Townhouse/Condo
Saint Paul, MN 55124
1
1
720 ft2
1980
107 WILKIN ST
Rent To Own
West Seventh
Single Family Home
Saint Paul, MN 55102
3
2
1548 ft2
1880
6337 GIRARD AVE S
Rent To Own
CARAG
Single Family Home
Minneapolis, MN 55423
2
3
1380 ft2
1940
6319 W 32ND ST
Rent To Own
Lenox
Single Family Home
Minneapolis, MN 55416
1
1
612 ft2
1926
4141 3RD ST NE #106
Rent To Own
 
Townhouse/Condo
Minneapolis, MN 55421
1
1
738 ft2
1986
1 of 25 304 138TH AVE
Rent To Own
 
Single Family Home
Houlton, WI 54082
4
3
2653 ft2
2007
New
1285 PRAIRIE VIEW TRL
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
3
3
1703 ft2
2019
4838 186TH ST W
Rent to Own Eligible
Meadow Creek
Single Family Home
Farmington, MN 55024
5
3
3716 ft2
2005
5412 188TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
2
1029 ft2
1994
New
2773 213TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
5
3
1384 ft2
2022
20642 BRENNAN PATH
Rent to Own Eligible
Middle Creek
Townhouse/Condo
Farmington, MN 55024
2
2
1175 ft2
2004
New
5383 187TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1214 ft2
1993
New
18854 EMBLEM CT
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1394 ft2
1993
New
20339 EAVES WAY
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
3
2
888 ft2
1983
20631 EASTVIEW AVE
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
3
2
2618 ft2
2006
New
19704 CANARY PATH
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
2
2
1490 ft2
2002
4790 198TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
4
2152 ft2
2009
New
1312 FAIRVIEW LN
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
3
2
1612 ft2
1971
New
1739 SPRUCE ST
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
4
1244 ft2
2022
19204 ENGLISH AVE
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
2
2049 ft2
1996
19137 COLONIAL TRL
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
5
4
2000 ft2
2022
1 of 12 19835 EXECUTIVE PATH
Rent to Own Eligible
Charleswood
Single Family Home
Farmington, MN 55024
3
3
2040 ft2
2002
New
5920 188TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1392 ft2
2001
17884 FIELDING CT
Rent to Own Eligible
 
Single Family Home
Lakeville, MN 55044
4
3
2700 ft2
2015
New
19524 EWING ST
Rent to Own Eligible
Charleswood
Single Family Home
Farmington, MN 55024
4
3
2548 ft2
1999
1008 LOCUST ST
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
2
1598 ft2
1997
New
19738 MEADOWLARK WAY
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
2
2
1490 ft2
2003
716 8TH ST
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1942 ft2
1960
New
3260 197TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1728 ft2
1998
6549 210TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1476 ft2
2020
New
6297 UPPER 179TH ST
Rent to Own Eligible
 
Single Family Home
Lakeville, MN 55044
5
4
2956 ft2
2009
19439 CENTURY RD
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
5
3
2578 ft2
2009
412 13TH ST
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
2
1840 ft2
1998
1 of 25 5937 189TH ST W
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
2
2088 ft2
2000
18129 GARLAND PATH
Rent to Own Eligible
 
Townhouse/Condo
Lakeville, MN 55044
3
3
2112 ft2
2022
New
18178 GARLAND PATH
Rent to Own Eligible
 
Townhouse/Condo
Lakeville, MN 55044
3
4
1420 ft2
2022
18237 GLACIER WAY
Rent to Own Eligible
 
Single Family Home
Lakeville, MN 55044
5
5
3028 ft2
2021
New
18124 GLANSHAW AVE
Rent to Own Eligible
 
Single Family Home
Lakeville, MN 55044
3
3
2169 ft2
2016
New
6588 FOLSOM PATH
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
5
4
2590 ft2
2007
18109 GLASSFERN LN
Rent to Own Eligible
 
Townhouse/Condo
Lakeville, MN 55044
4
3
1955 ft2
2016
17022 EASTWOOD AVE
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
2
2
1540 ft2
2002
17047 EAGLEVIEW LN
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
2
2
1518 ft2
2002
New
16837 EDINBURG WAY
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
3
3
2798 ft2
2007
New
16776 EMBERS AVE
Rent to Own Eligible
 
Townhouse/Condo
Farmington, MN 55024
2
2
1519 ft2
2004
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Buying a Home in Farmington, MN

Farmington, MN is seeing rapid growth and Farmington, MN's' housing market remains not optimal with an average home price that is 24% above the 2024 national average. Farmington, MN is part of Dakota county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Dakota is 1.02% which is above the national average, which is 0.99%.

Median Home Price in Farmington, MN

Median Rent in Farmington, MN

Rent to own homes offer low monthly payments and flexible terms.

Top 6 Reasons to Live in Farmington, MN

Unique history! Farmington was settled in the early 1850s and had an integral role in the state's agricultural and transportation sectors because it was home to one of the few railroad stations in the area. Today, Farmington remains home to three buildings that are on the National Register of Historic Places in the United States: the Daniel Akin House, the Exchange Bank Building and the Church of the Advent.

Best steak in the area: Rated as having the best steak in the Minneapolis-St. Paul metro area, the Farmington Steak House may not look like much from the outside, but the food is spectacular. For live music, interesting personalities and tasty food, visit a local favorite - the Long Branch Saloon & Eatery.

Inclusive community: Farmington is a community that prides itself on being a place where everyone knows the neighbor's name. In order to foster a tight knit feel, Farmington is host to the Dakota County Fairgrounds. Encompassing more than 300 acres, the fairgrounds attract more than 100,000 visitors every year. In addition, Farmington has numerous bike trails along the Vermillion River that wind their way by the water, through the historic downtown and into new developments.

Adopt-A-Park or Adopt-A-Lake: Individuals with a love for nature will want to consider adopting a park in Farmington. In exchange for their service to the park, a sign is posted at the entrance to recognize the individuals who have committed time and money to the park's upkeep. Parks and lakes like North Creek and Prairie View are still available for adoption.

Numerous price cuts = buyer's market: Not only have 54.2 percent of homes for sale had a price cut, but 39 percent have sold below the listing price. As a result, buyers can snag a great deal on a rent to own home in a neighborhood like Castle Rock or Everest Path.

Rising home values: Currently, the median home value in Farmington is $223,700, and this figure is expected to grow nearly four percent in 2015. Desirable homes are available in communities like City Center and Chippendale Ave.