
Cheap Apartments for Rent in the Cottage Grove Neighborhood of Faribault, MN from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Cottage Grove area of Faribault.


Straight River Apartments, LLC

Town's Edge Place Apartments

Total Monthly Price
Midwest Flats

Hillside Apartments
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.

The Faribo Apartments

416 7th St NW

Trails Edge Apartments LLC

1402 Division St W

River Trail Estates
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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.

838 & 848 9th Avenue
Cottage Grove, Faribault, MN Local Guide
How much does it cost to rent an apartment in Cottage Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cottage Grove Studio Apartments | $1,133 | $1,000 | $1,219 |
| Cottage Grove 1 Bedroom Apartments | $1,283 | $975 | $1,425 |
| Cottage Grove 2 Bedroom Apartments | $1,470 | $1,170 | $1,925 |
| Cottage Grove 3 Bedroom Apartments | $1,523 | $1,350 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Cottage Grove Neighborhood of Faribault, MN.
See all Apartments in FaribaultExplore Faribault
Cottage Grove, Faribault, MN Local Guide
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Cheapest Available Cottage Grove Apartments for Rent
 The cheapest available apartment rental in the Cottage Grove area of Faribault, MN is a 1 Bed unit found at Four Seasons Apartments priced from $975. Town's Edge Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,030. Here are the most affordable Cottage Grove apartments for rent in Faribault, MN:
| 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 | $1,030 |
| Midwest Flats | 0 Beds, 1 Baths | Studio,1BA | $1,039 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1,225 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1,345 |
Best Value Apartments for Rent in Cottage Grove, MN
As of January 24, 2026 the best value apartment in the Cottage Grove 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 Cottage Grove apartment is the 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC starting at $1,345 with a $1.36 price per square foot in the Downtown Faribault neighborhood. Here is today’s list of the best values for Cottage Grove 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 LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1.63 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
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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Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleCottage Grove, Faribault, MN
Ranked #4
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Cottage Grove, Faribault, MN
School data provided by Great Schools
Lifestyle Ratings
This website is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Faribault. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Cottage Grove Apartments
How much is rent for a Cheap One Bedroom Cottage Grove Apartment?
The lowest price for a Cheap One Bedroom Cottage Grove Apartment is $975 at Four Seasons Apartments.
What is the lowest price for a Cheap Two Bedroom Cottage Grove Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cottage Grove is starting from $1,170 at Town's Edge Place Apartments.
What is the most affordable Cottage Grove Three Bedroom Apartment?
The best deal on a cheap Cottage Grove 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.