Cheap Apartments for Rent in the Downtown Faribault Neighborhood of Faribault, MN from $500 (3 Rentals)

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

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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1518 9th Ave SWFaribault, MN 55021
Senior Living
  • Utilities Included
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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1528 9th Ave SWFaribault, MN 55021

Downtown Faribault, Faribault, MN Local Guide

Best Value Apartments for Rent in Downtown Faribault, MN

As of October 31, 2025 the best value apartment in the Downtown Faribault area is the $1.36 price per square foot 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,345. The second greatest value Downtown Faribault apartment is the 3 Bedroom Model at Town's Edge Place Apartments starting at $1,350 with a $1.40 price per square foot in the Downtown Faribault neighborhood. Here is today’s list of the best values for Downtown Faribault apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.36
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
1104 3rd St SW, Unit 11104 3rd St SW2BR,1BA$0.91
The Faribo ApartmentsTwo Bedroom A2BR,1BA$1.63
Four Seasons ApartmentsBeautiful Two Bedroom Apartment Home2BR,1BA$1.62
Elmview II Apartments1 BD/1 BA1BR,1BA$2.04
Straight River Apartments, LLCStudioStudio ,1BA$2.38

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Pet Friendly Lifestyle
Downtown Faribault, Faribault, MN

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Faribault Apartments

How much is rent for a Cheap One Bedroom Downtown Faribault Apartment?

The lowest price for a Cheap One Bedroom Downtown Faribault Apartment is $975 at Four Seasons Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Faribault Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Faribault is starting from $1,145 at Town's Edge Place Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.