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$975 - $1,350
Plus Fees
1 to 3 Bedroom Apartments Available NowFour Seasons Apartments
1250 Autumn DrFaribault, MN 55021
Cheap Apartments for Rent in Faribault, MN from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Faribault.
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Rent Specials
$1,000 - $1,945
Plus Fees
Studio to 2 Bedroom Apartments Available NowStraight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$1,033 - $1,189
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTown's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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$1,040 - $1,540
Plus Fees
Studio to 2 Bedroom Apartments Available NowHillside Apartments
10 Division St WFaribault, MN 55021
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$1,118 - $1,244
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,099 - $1,225
Required Monthly Fees
$19
Total Monthly Price
$1,118 - $1,244
The Faribo Apartments
123 2nd St NWFaribault, MN 55021
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$1,150 - $1,695
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1 to 3 Bedroom Apartments Available NowTrails Edge Apartments LLC
715 Central AveFaribault, MN 55021
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
2310 Park Ave NW
FaribaultMN55021
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$1,243 - $1,955
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,183 - $1,895
Required Monthly Fees
$60
Total Monthly Price
$1,243 - $1,955
Elmview Apartments
1740 Willow StFaribault, MN 55021
1711 2nd St SW
FaribaultMN55021
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$1,250 - $1,795
Plus Fees
1 to 2 Bedroom Apartments Available NowRiverchase Apartments
110 Riverchase CtFaribault, MN 55021
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$1,250 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
104 8th St NW
FaribaultMN55021
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
230 Central Ave N
FaribaultMN55021
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1 to 2 Bedroom Apartments
Southgate Village
1518 9th Ave SWFaribault, MN 55021
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1 to 2 Bedroom Apartments
Southgate Village
1528 9th Ave SWFaribault, MN 55021
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2 Bedroom Apartments
838 & 848 9th Avenue
838 9th Ave SWFaribault, MN 55021
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Studio to 2 Bedroom Apartments
Midwest Flats
429 8th Ave NWFaribault, MN 55021
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Studio to 2 Bedroom Apartments
Pond Apartments
2805 Cardinal AveFaribault, MN 55021
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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2 Bedroom Apartments
River Trail 901
901 River Trail LnFaribault, MN 55021
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1 to 2 Bedroom Apartments
31 3rd St NE
31 3rd St NEFaribault, MN 55021
1114 4th St NW
FaribaultMN55021
530 6th St NW
FaribaultMN55021
416 State St
West ConcordMN55985
101 Elm St
ClaremontMN55924
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
501 1st St W
NorthfieldMN55057
9830 Upper 161st St W
LakevilleMN55044
504 Juliet Dr
LakevilleMN55044
Showing Results 1-27, Page 1 of 1
Faribault, MN Local Guide
Minnesota Flags by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent an apartment in Faribault?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Faribault Studio Apartments | $1,203 | $1,000 | $1,310 |
| Faribault 1 Bedroom Apartments | $1,238 | $975 | $1,425 |
| Faribault 2 Bedroom Apartments | $1,455 | $1,189 | $1,945 |
| Faribault 3 Bedroom Apartments | $1,774 | $1,350 | $1,955 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Faribault
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Faribault, MN Local Guide
- Faribault Neighborhoods
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Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 07/24/2026Current apartment rentals in the Faribault, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Faribault Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Cottage Grove | $1,695 | $975 | 37 |
| Downtown Faribault | $1,825 | $975 | 74 |
| Fair Park | $1,825 | $975 | 75 |
| Bluebird Estates | $1,955 | $975 | 73 |
Cheapest Available Faribault Apartments for Rent and Nearby
The cheapest available apartment rental in Faribault, MN is a 1 Bed unit found at Four Seasons Apartments in the Downtown Faribault neighborhood priced from $975. Town's Edge Place Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,033. Here is today’s list of the most affordable Faribault apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1,244 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1,295 |
| Straight River Apartments, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1,400 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,440 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1,695 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of July 24, 2026 the best value apartment in the Faribault area is the $1.50 price per square foot 2 Bedroom 2 Bath + Den Model at Straight River Apartments, LLC in the in the Downtown Faribault neighborhood starting from $1,875. The second greatest value Faribault apartment is the 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC starting at $1,695 with a $1.41 price per square foot in the Downtown Faribault neighborhood. Here is today’s list of the best values for Faribault apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Straight River Apartments, LLC | 2 Bedroom 2 Bath + Den | 2BR,2BA | $1.50 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.38 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.63 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1.66 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Elmview Apartments | Alcove | Studio ,1BA | $2.69 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Frequently Asked Questions about Cheap Faribault Apartments
What is the Cheapest Studio apartment in Faribault?
Currently the most affordable Cheap Studio Apartment in Faribault is at Elmview Apartments listed at $1,255.
How much is rent for a Cheap One Bedroom Faribault Apartment?
The lowest price for a Cheap One Bedroom Faribault Apartment is $975 at Four Seasons Apartments.
What is the lowest price for a Cheap Two Bedroom Faribault Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Faribault is starting from $1,189 at Town's Edge Place Apartments.
What is the most affordable Faribault Three Bedroom Apartment?
The best deal on a cheap Faribault Three Bedroom Apartment rental is at Four Seasons Apartments and starts from $1,350.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.