416 7th St NW
FaribaultMN55021
Cheap Apartments for Rent in Faribault, MN from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Faribault.
603 1st St SW
FaribaultMN55021
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$975 - $1,350
Plus Fees
1 to 3 Bedroom Apartments Available NowFour Seasons Apartments
1250 Autumn DrFaribault, MN 55021
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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 - $1,450
Plus Fees12 Month Lease Term
1 to 3 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
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.
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$1,118
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jul 31Total Monthly Price
Base Rent
$1,099
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Faribo Apartments
123 2nd St NWFaribault, MN 55021
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$1,150 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowTrails Edge Apartments LLC
715 Central AveFaribault, MN 55021
2310 Park Ave NW
FaribaultMN55021
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$1,175 - $1,595
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowMidwest Flats
429 8th Ave NWFaribault, MN 55021
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Rent Specials
$1,243 - $1,955
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,183 - $1,895
Required Monthly Fees
$60
Total Monthly Price
$1,243 - $1,955
Elmview Apartments
1740 Willow StFaribault, MN 55021
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$1,250 - $1,795
Plus Fees
1 to 2 Bedroom Apartments Available NowRiverchase Apartments
110 Riverchase CtFaribault, MN 55021
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Rent Specials
$1,250 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
1 2nd St NE
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
Pond Apartments
2805 Cardinal AveFaribault, MN 55021
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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
240 E Rice St
OwatonnaMN55060
416 State St
West ConcordMN55985
101 Elm St
ClaremontMN55924
51 Viking Terrace
NorthfieldMN55057
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
501 1st St W
NorthfieldMN55057
Showing Results 1-25, 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 | $1,081 | $750 | $1,310 |
| Faribault 1 Bedroom Apartments | $1,249 | $800 | $1,425 |
| Faribault 2 Bedroom Apartments | $1,462 | $1,189 | $1,945 |
| Faribault 3 Bedroom Apartments | $1,718 | $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
See all Apartments in FaribaultExplore Faribault
Faribault, MN Local Guide
- Faribault Neighborhoods
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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 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
| Elmview Apartments | Studio | 1BR,1BA | $1,255 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of June 09, 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 |
| River Trail 901 | 2/1 | 2BR,1BA | $1.30 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| 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 |
| Midwest Flats | 1BR/1.0BA | 1BR,1BA | $1.88 |
| 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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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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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Faribault, MN
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 Hillside Apartments listed at $1,040.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.