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$1,250 - $1,695
Plus Fees
1 to 3 Bedroom Apartments Available NowHeritage Bluff Apartments LLC
200 Heritage PlFaribault, MN 55021
Cheap Apartments for Rent in the Downtown Faribault Neighborhood of Faribault, MN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Faribault area of Faribault.
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$1,250 - $1,795
Plus Fees
1 to 2 Bedroom Apartments Available NowRiverchase Apartments
110 Riverchase CtFaribault, MN 55021
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$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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$1,040 - $1,540
Plus Fees
Studio to 2 Bedroom Apartments Available NowHillside Apartments
10 Division St WFaribault, MN 55021
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$975 - $1,350
Plus Fees
1 to 3 Bedroom Apartments Available NowFour Seasons Apartments
1250 Autumn DrFaribault, 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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$1,033 - $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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$1,118
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
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The Faribo Apartments
123 2nd St NWFaribault, MN 55021
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1 to 2 Bedroom Apartments
Southgate Village
1518 9th Ave SWFaribault, MN 55021
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Studio Apartments
Real Life Co-op of Faribault
2125 7th St NWFaribault, MN 55021
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1 to 2 Bedroom Apartments
Southgate Village
1522 9th 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.
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1 to 2 Bedroom Apartments
Cardinal Ave Apartments
2610 Cardinal AveFaribault, MN 55021
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Studio to 1 Bedroom Apartments
Pine Tree
1700 14th St NEFaribault, MN 55021
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2 Bedroom Apartments
418 6th St NW
418 6th St NWFaribault, MN 55021
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2 Bedroom Apartments
1234 4th St NW
1234 4th St NWFaribault, MN 55021
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2 Bedroom Apartments
River Trail 901
901 River Trail LnFaribault, 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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1 to 2 Bedroom Apartments
31 3rd St NE
31 3rd St NEFaribault, MN 55021
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Studio Apartments
Park Central Apartments
521 4th Ave NWFaribault, MN 55021
Showing Results 1-17, Page 1 of 1
Downtown Faribault, Faribault, MN Local Guide
How much does it cost to rent an apartment in Downtown Faribault?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Faribault Studio Apartments | $1,163 | $1,000 | $1,310 |
| Downtown Faribault 1 Bedroom Apartments | $1,265 | $975 | $1,425 |
| Downtown Faribault 2 Bedroom Apartments | $1,482 | $1,189 | $1,945 |
| Downtown Faribault 3 Bedroom Apartments | $1,745 | $1,350 | $1,955 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Downtown Faribault Neighborhood of Faribault, MN.
See all Apartments in FaribaultExplore Faribault
Downtown Faribault, Faribault, MN Local Guide
- Nearby Faribault neighborhoods
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Cheapest Available Downtown Faribault Apartments for Rent
The cheapest available apartment rental in the Downtown Faribault 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 $1,033. Here are the most affordable Downtown Faribault 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 | $1,033 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| Midwest Flats | 1BR/1.0BA | 1BR,1BA | $1,175 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Downtown Faribault, MN
As of June 20, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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 | $1.71 |
| 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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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 LifestyleDowntown Faribault, Faribault, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Downtown Faribault, Faribault, and the greater Faribault area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
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 $1,189 at Town's Edge Place Apartments.
What is the most affordable Downtown Faribault Three Bedroom Apartment?
The best deal on a cheap Downtown 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
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.
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.
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.