More pictures of your space would be helpful. Closer and straight on.

slip cover from Target:

I think this looks good with your leather sofa. If up close it is not, there is a pretty red one.

Jute rug:

Pastoral oil painting (you can have fun finding one in antique shops or thrift shops.

Include some green:

Kathy Ireland Grand Maison Grey Table Lamp · More Info

Sorry but that slip covered chair is in no way farm house.Are you thinking modern farmhouse , I think we need more info a picture that is not distorted.

Are you looking for a real farmhouse look, or the HGTV version?

You are in a rental. Don't do anything until you can find a more permanent home.

There's nothing about your present furniture, all transitional, that says farmhouse so why spend money on something that might not work in a year? The transition will be painful because you'll have mismatched odds and ends.

For starters, that bookcase has no business being in the foyer so find a new home for it. You require an entry table and either a mirror or some art and I would add sconces over the table or buffet lamps for additional light to this cave line room

The room needs larger vertical art over the fireplace

The TV is way too high for this room so find a stand that brings it down to eye level when you are sitting on your sofa

I have also changed out the shape of your fiddle leaf fig tree.

Can you have the rug angled like the fireplace and make the fireplace your focus. Build seating area around that. It might give more definition to your entry too. I would take the gold framed art down from the fireplace and replace with something more rustic.

if you are going to just be here a year why not use the year to save up and wait to get pieces that are truly fit for your next home? Moving is not always easy on furniture, and you’ll save a ton of money and hassles if you don’t have to move big pieces. If you want to start collecting I’d suggest collecting art that is meaningful to you. You can always find room for good pieces and it’s not too hard to move.

I don't even know what modern farmhouse means, since it's a "manufactured" genre that has nothing to do with the real thing, which was warm and livable, and, well, genuine. Why anyone now would want this trendy version of "farmhouse", which never existed in the real world, is beyond me. It's much more important to be true to yourself, and buy what you love and makes you happy, instead of trying to shoehorn yourself into a fleeting trend. I'm sorry for sounding judgmental, but in the last few years here there's been such a tyranny of "trendy" living, which seems to have buried any traces of original thought or inclination. I wish it were otherwise and that beautifully original and livable spaces were the norm instead of the exception here. Even some of the pros (thankfully not you, JudyG) seem to often fall into formulaic suggestions that end up with a final product that has all the personality of a showroom vignette. I wish it were otherwise.

You are in a rental. Don't do anything until you can find a more permanent home.

I disagree. All any of us really has is the here and now, so go ahead and make your home what you want it to be and enjoy it for whatever time you'll be spending there. You can always transfer a look to a new home; in fact, that is so often how our style develops into something that truly represents our life.

There's a very fine line of separation between farmhouse and cottage styles. Judy's slipcovered chair belongs in either.

I feel as if the bookcase (is it a barrister bookcase?) can stay...the sofa can stay and the rug can stay. I can't see the other chair so I can't comment on that. And plants are welcome in any kind of decor, in my opinion...

The queen Anne chair currently, no. But definitely try out the slipcover from Target. You can always return it if you don't like how it looks.

I would probably do something like this for a coffee table...

I think since you want you want your room to lean a specific way, that you don't need to buy all new..but I would look to add more rustic elements.

It will be a bit less easy with ceilings so high, but you can still get the "feel" of modern farmhouse...

If you have a chance, can you post a picture showing the colors of the rug better.

I assume you are getting ready for a new build since you seem to have an end date for your rental term. If so, you'll have a new blank slate a year from now.

Start an ideabook for each room in the new house. There are 22,537 photos of farmhouse living rooms here: [https://www.houzz.com/photos/farmhouse-living-room-ideas-phbr1-bp~t_718~s_2114[(https://www.houzz.com/photos/farmhouse-living-room-ideas-phbr1-bp~t_718~s_2114)

Here is one of them:

Modern Farmhouse with views of Prior Lake · More Info

When I think of farmhouse, I think cushy couch, dad's chair, maybe a braided rug, an old piano so the kids could take lessons, and the radio on a stand. Quilts, either to warm your toes or works in progress. Can you tell my age? I think your sofa and plaid chair qualify.

I think you could recycle the sofa and rug if necessary. I like the idea as suggested to add in rustic pieces for that farmhouse look.

Why anyone now would want this trendy version of "farmhouse", which never existed in the real world, is beyond me. It's much more important to be true to yourself, and buy what you love and makes you happy, instead of trying to shoehorn yourself into a fleeting trend.

I think it's entirely possible that many truly love the current farmhouse look, popularized by Joanna Gaines. It may not suit everyone, but I don't think we should assume that people are going that route only because it's a trend and they lack personal vision.

If it were me I would take everything out of the room that I wasn’t sure of. Arrange the core pieces in a way that makes sense and then add back in what works. Take a photo of the room with just those key elements in it and then maybe some of the amazing photoshop people can work their magic.

I would say this room looks pretty traditional - with the exception of the industrial style red chairs. But it works for your home. (I really want to swap out the gold frame above the fireplace though)

Can you put the red white and blue piece over the fireplace and take the gold framed piece out.

‘If you don’t want to angle carpet to the fireplace ( my first choice) then could you not have the blue chair angled to the tv but squared to the sofa and lined up with rug? I would also try centering the carpet to the room (lined up better with windows and ceiling fan.

I do like the red chair angle in its current location.

Is that a clock on the floor? Is it meant to hang?

You have a mish mash of differing styles going on here. Take some time and look at websites or take a stroll thru a furniture store. See what grabs at your eyes and heart and you just might find something.

Was tying to find the word...Americana....with the red,white and blue. Kent Warren: what look do you like when you say farmhouse? I think it would help if you could post some inspiration pictures of what look you're leaning to.

It seems you're trying to make something work that doesn't work. For one, the home theater doesn't go, tv cabinet and coffee table are too modern. The black iron says modern. You're trying to force this. I agree with Kris Bruesehoff to take all out and add back in one piece at a time.

From the pic, looks like the OP is leaning towards a very neutral palette, accenting with rustic pieces. I still think their sofa would be a great start, even the rug for now. I agree the coffee table and tv stand should be replaced. Could be done affordably with used pieces off craigslist. I think the star could be worked and that scrolly piece above the fireplace could work with painting it white and distressing it to give a chippy look.

Best way to update on a budget: Start with fresh paint. Then look at lighting updates. I would also layer in some window treatments.

Most of what you posted in inspiration pictures is all white or light neutral.

I think it might be worthwhile to decide if you want to make what you have look good in this space OR if your priority is to truly go modern farmhouse.

I do like that the focus is now the fireplace. Might even switch the carpet so longer side extends from the fireplace. I liked the blue closer to the window but lined up to the carpet and the red chair on the dining room side.

‘The new options above fireplace definitely better than the gold frame.

Most Important, what do you think Kent???

Before I go any further, can I just say that your landlord hit the jackpot with you? The place is picked up, looks clean--and you actually care that it looks good. Hooray! I really like this room already, and the changes you've made have all been positive.

Now that's said, ideas:

Is there any possibility that the TV could go on the coffee table and you could replace the coffee table with an old trunk or something? Or vice versa? The TV/speaker arrangement is the one thing that really sticks out to me as a monument to modernity and Bombay Furniture Company style. Or, if you have budget and could spring for one thing, a big technology armoire type thing in a white pine or a distressed finish might really do the trick. (FWIW, it's pretty easy to find armoires on super sale or secondhand, because people move/upgrade their technology stuff pretty often and the TV doesn't fit in their new arrangement.) https://www.houzz.com/products/bayshore-rustic-farmhouse-style-armoire-gentlemans-chest-prvw-vr~104147957

Gang, tell me if I'm being fair about this.

I've been looking through some of these Modern Farmhouse photos, and one thing I'll say about them is that they all seem to be lightened up like crazy. Take a relatively light-colored room, remove anything with color, position an extremely bright light behind a window covered with some kind of gauzy curtain, blow up the exposure, and "click!" Modern Farmhouse!

Don't get me wrong--I love the look, but I think a lot of these rooms are heavily staged, and without a ton of light will look much duller and more ordinary in person. So Kent Warren, if you're thinking "Gawd, why can't I achieve this glorious look," it might be that nobody can achieve it unless they have a film crew standing by.

I definitely think you should keep going, but be careful to go a bit more by how you feel about the space, and a bit less by how it compares to curated photos. That's not true for every style, but I think for this Modern Farmhouse style, feel might be just as important as look.

Target has inexpensive accessories to help start the process. Layering rugs and covering your chair with pillows and throws would improve the look you are trying to achieve. All of these items can be found on Target without breaking the bank. Coffee Table in lighter wood but I think the sofa with the grays and creams can work. Once this is done then you can work on TV area, lamps and window treatments. The arrangement of sofa at an angle towards the FP is best IMO.