Cheap Apartments for Rent in the Fair Park Neighborhood of Faribault, MN from $595 (27 Rentals)

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

property at 327 8th St NW
$1,000

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
1 Bedroom, 1 Bath Home for Rent
Available Oct 10
Cost Per Sq.Ft.

327 8th St NW

FaribaultMN55021
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Hillside Apartments
Rent Specials
$1,040 - $1,540

Total Monthly Price

Base Rent$1,040 - $1,540

Total Monthly Price$1,040 - $1,540
Studio to 2 Bedroom Apartments Available Now

Hillside Apartments

10 Division St WFaribault, MN 55021
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  • Utilities Included
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The Faribo Apartments
$1,118 - $1,244

Total Monthly Price

Base Rent$1,099 - $1,225
Required Monthly Fees$19

Total Monthly Price$1,118 - $1,244
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

The Faribo Apartments

123 2nd St NWFaribault, MN 55021
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 104 8th St NW
$1,125

Total Monthly Price

Base Rent$1,125

Total Monthly Price$1,125
2 Bedroom, 1 Bath Home for Rent
Available Now

104 8th St NW

FaribaultMN55021
property at 2310 Park Ave NW
$1,175 - $1,250

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 To 2 Bedroom Rentals
Available Oct 10

2310 Park Ave NW

FaribaultMN55021
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Elmview Apartments
$1,243 - $1,655

Total Monthly Price

Base Rent$1,183 - $1,595
Required Monthly Fees$60

Total Monthly Price$1,243 - $1,655
Studio to 2 Bedroom Apartments Available Now

Elmview Apartments

1740 Willow StFaribault, MN 55021
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  • Utilities Included
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property at 956 6th Ave SW
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
2 Bedroom, 1 Bath Home for Rent
Available Oct 1

956 6th Ave SW

FaribaultMN55021
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property at 2300 Park Ave NW
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
2 Bedroom, 1 Bath Home for Rent
Available Now

2300 Park Ave NW

FaribaultMN55021

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 4 2nd St NW
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
2 Bedroom, 1 Bath Home for Rent
Available Now

4 2nd St NW

FaribaultMN55021
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Riverchase Apartments
Rent Specials
$1,250 - $1,795

Total Monthly Price

Base Rent$1,250 - $1,795

Total Monthly Price$1,250 - $1,795
1 to 2 Bedroom Apartments Available Now

Riverchase Apartments

110 Riverchase CtFaribault, MN 55021
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  • Utilities Included
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property at 415 9th St NW
$1,275

Total Monthly Price

Base Rent$1,275

Total Monthly Price$1,275
2 Bedroom, 1 Bath Home for Rent
Available Oct 10
Cost Per Sq.Ft.

415 9th St NW

FaribaultMN55021
property at 610 Central Ave N
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
2 Bedroom, 1 Bath Home for Rent
Available Now

610 Central Ave N

FaribaultMN55021
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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1518 9th Ave SWFaribault, MN 55021
Senior Living
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1528 9th Ave SWFaribault, MN 55021
property at 1109 1st Ave NW
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
2 Bedroom, 1 Bath Townhome for Rent
Available Now

1109 1st Ave NW

FaribaultMN55021
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Midwest Flats
Studio to 2 Bedroom Apartments

Midwest Flats

429 8th Ave NWFaribault, MN 55021
  • Utilities Included
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Pond Apartments
Studio to 2 Bedroom Apartments

Pond Apartments

2805 Cardinal AveFaribault, MN 55021
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River Trail 901
2 Bedroom Apartments

River Trail 901

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

31 3rd St NE

31 3rd St NEFaribault, MN 55021
property at 530 6th St NW
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
3 Bedroom, 1 Bath Home for Rent
Available Now

530 6th St NW

FaribaultMN55021
property at 528 2nd St NE
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
2 Bedroom, 1 Bath Home for Rent
Available Now

528 2nd St NE

FaribaultMN55021

Fair Park, Faribault, MN Local Guide

Cheapest Available Fair Park Apartments for Rent

 

The cheapest available apartment rental in the Fair Park area of Faribault, MN is a 1 Bed unit found at Southgate Village priced from $800. Four Seasons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Fair Park apartments for rent in Faribault, MN:

Apartment ListingModel NameBed/BathPriced From
Southgate Village1 Bedroom1BR,1BA$800
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
The Faribo ApartmentsOne Bedroom A1BR,1BA$1,118
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1,140
Trails Edge Apartments1 BD/1 BA (714 sq ft)1BR,1BA$1,150
Elmview Apartments2 BD/1 BA2BR,1BA$1,243
Riverchase Apartments1 Bedroom 1 Bath1BR,1BA$1,250
Heritage Bluff Apartments2 BD/1 BA (990 sq ft)2BR,1BA$1,345

Best Value Apartments for Rent in Fair Park, MN

As of September 10, 2026 the best value apartment in the Fair Park area is the $1.53 price per square foot 3 BD/2 BA Model at Heritage Bluff Apartments in the in the Downtown Faribault neighborhood starting from $1,695. The second greatest value Fair Park apartment is the One Bedroom One Bathroom Model at Hillside Apartments starting at $1,140 with a $1.30 price per square foot in the Downtown Faribault neighborhood. Here is today’s list of the best values for Fair Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Bluff Apartments3 BD/2 BA3BR,2BA$1.53
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1.30
Riverchase Apartments1 Bedroom 1 Bath1BR,1BA$1.55
Four Seasons ApartmentsBeautiful Two Bedroom Apartment Home2BR,1BA$1.62
Town's Edge Place Apartments1 Bedroom1BR,1BA$1.40
Trails Edge Apartments1 BD/1 BA (714 sq ft)1BR,1BA$1.61
Southgate Village1 Bedroom1BR,1BA$1.28
The Faribo ApartmentsOne Bedroom A1BR,1BA$1.85
Straight River Apartments, LLCStudioStudio ,1BA$2.50
Elmview ApartmentsStudioStudio ,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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Lifestyle
Fair Park, 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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Lifestyle Ratings

Our team works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Minnesota, including Faribault. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fair Park Apartments

What is the Cheapest Studio apartment in Fair Park?

Currently the most affordable Cheap Studio Apartment in Fair Park is at Straight River Apartments, LLC listed at $1,000.

How much is rent for a Cheap One Bedroom Fair Park Apartment?

The lowest price for a Cheap One Bedroom Fair Park Apartment is $800 at Southgate Village.

What is the lowest price for a Cheap Two Bedroom Fair Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fair Park is starting from $1,200 at Four Seasons 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.