Cheap Apartments for Rent in the Cottage Grove Neighborhood of Faribault, MN from $800 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Cottage Grove area of Faribault.

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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1234 4th St NW
2 Bedroom Apartments

1234 4th St NW

1234 4th St NWFaribault, MN 55021
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418 6th St NW
2 Bedroom Apartments

418 6th St NW

418 6th St NWFaribault, MN 55021
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River Trail 901
2 Bedroom Apartments

River Trail 901

901 River Trail LnFaribault, MN 55021
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31 3rd St NE
1 to 2 Bedroom Apartments

31 3rd St NE

31 3rd St NEFaribault, MN 55021
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Village Green
1 to 3 Bedroom Apartments

Village Green

810 Conliffe Ave SWFaribault, 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.

Cottage Grove, Faribault, MN Local Guide

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. Straight River Apartments, LLC has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Cottage Grove apartments for rent in Faribault, MN:

Apartment ListingModel NameBed/BathPriced From
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$975
Straight River Apartments, LLCStudioStudio,1BA$1,000
Town's Edge Place Apartments1 Bedroom1BR,1BA$1,033
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1,140
Midwest Flats1BR/1.0BA1BR,1BA$1,200

Best Value Apartments for Rent in Cottage Grove, MN

As of July 12, 2026 the best value apartment in the Cottage Grove area is the $1.41 price per square foot 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,695. The second greatest value Cottage Grove apartment is the Two Bedroom One Bathroom Model at Hillside Apartments starting at $1,440 with a $1.38 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.41
Hillside ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.38
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Riverchase Apartments2 Bedroom 1 Bath2BR,1BA$1.63
Town's Edge Place Apartments2 Bedroom2BR,1BA$1.40
The Faribo ApartmentsTwo Bedroom A2BR,1BA$1.66
Four Seasons ApartmentsBeautiful Two Bedroom Apartment Home2BR,1BA$1.62
Midwest Flats1BR/1.0BA1BR,1BA$1.77
Straight River Apartments, LLCStudioStudio ,1BA$2.50

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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Quick 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.

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Pet Friendly Lifestyle
Cottage Grove, Faribault, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,189 at Town's Edge Place 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

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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.

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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.

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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.

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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.