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$975 - $1,3501 to 3 Bedroom Apartments Available Now
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Four Seasons Apartments
1250 Autumn DrFaribault, MN 55021
Cheap Apartments for Rent in Faribault, MN from $975 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Faribault.
222 Willow St
FaribaultMN55021
327 8th St NW
FaribaultMN55021
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Rent Specials
$1,000 - $1,945Studio to 2 Bedroom Apartments Available Now
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Straight River Apartments, LLC
601 1st Ave NEFaribault, MN 55021
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$1,0331 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Town's Edge Place Apartments
851 Faribault RdFaribault, MN 55021
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Rent Specials
$1,040 - $1,540Studio to 2 Bedroom Apartments Available Now
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Hillside Apartments
10 Division St WFaribault, MN 55021
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$1,118 - $1,244
Total 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
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.
104 8th St NW
FaribaultMN55021
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Rent Specials
$1,1501 Bedroom Apartments Available Now
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Trails Edge Apartments
715 Central AveFaribault, MN 55021
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$1,243 - $1,655
Total Monthly Price
Base Rent$1,183 - $1,595
Required Monthly Fees$60
Total Monthly Price$1,243 - $1,655
Elmview Apartments
1740 Willow StFaribault, MN 55021
4 2nd St NW
FaribaultMN55021
2300 Park Ave NW
FaribaultMN55021
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$1,250 - $1,7951 to 2 Bedroom Apartments Available Now
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Riverchase Apartments
110 Riverchase CtFaribault, MN 55021
956 6th Ave SW
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.
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$1,345 - $1,6952 to 3 Bedroom Apartments Available Now
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Heritage Bluff Apartments
200 Heritage PlFaribault, MN 55021
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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
1109 1st Ave NW
FaribaultMN55021
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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
946 Willow St
FaribaultMN55021
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1 to 2 Bedroom Apartments
31 3rd St NE
31 3rd St NEFaribault, MN 55021
530 6th St NW
FaribaultMN55021
528 2nd St NE
FaribaultMN55021
501 1st St W
NorthfieldMN55057
16505 Timber Crest Dr SE
Prior LakeMN55372
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.
Showing Results 1-28, 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 | $1,226 | $1,000 | $1,310 |
| Faribault 1 Bedroom Apartments | $1,226 | $975 | $1,375 |
| Faribault 2 Bedroom Apartments | $1,468 | $1,125 | $1,945 |
| Faribault 3 Bedroom Apartments | $1,522 | $1,350 | $1,695 |
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
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 09/07/2026Current apartment rentals in the Faribault, MN area range in price from $975 to $1,945 with an overall median price of $1,320. Here is today’s list neighborhoods with the lowest median pricing for Faribault Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Faribault | $1,310 | $975 | 70 |
| Fair Park | $1,310 | $975 | 70 |
| Bluebird Estates | $1,327 | $975 | 68 |
| Cottage Grove | $1,345 | $975 | 35 |
Cheapest Available Faribault Apartments for Rent and Nearby
The cheapest available apartment rental in Faribault, MN is a 1 Bed unit found at Southgate Village in the Fair Park neighborhood priced from $800. Four Seasons Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Faribault apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southgate Village | 1 Bedroom | 1BR,1BA | $800 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1,118 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| Trails Edge Apartments | 1 BD/1 BA (714 sq ft) | 1BR,1BA | $1,150 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
| Heritage Bluff Apartments | 2 BD/1 BA (990 sq ft) | 2BR,1BA | $1,345 |
| Straight River Apartments, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of September 07, 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 BD/2 BA Model at Heritage Bluff Apartments starting at $1,695 with a $1.53 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 |
| Heritage Bluff Apartments | 3 BD/2 BA | 3BR,2BA | $1.53 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.63 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Trails Edge Apartments | 1 BD/1 BA (714 sq ft) | 1BR,1BA | $1.61 |
| Southgate Village | 1 Bedroom | 1BR,1BA | $1.28 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1.85 |
| Elmview Apartments | Studio | Studio ,1BA | $3.32 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Best Local Schools in Faribault, MN
Roosevelt Elementary School
Faribault Public School District
Public School - Grades PK-5 (473)
7 out of 10
Faribault Senior High School
Faribault Public School District
Public School - Grades 9-12 (956)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Faribault, MN Rentals by Map
See the most popular apartments and homes in Faribault, MN
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 $800 at Southgate Village.
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 $1,200 at Four Seasons Apartments.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.