
Cheap Apartments for Rent in the Fair Park Neighborhood of Faribault, MN from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fair Park area of Faribault.


Straight River Apartments, LLC

Town's Edge Place Apartments

Hillside Apartments

Total Monthly Price
The Faribo Apartments

Trails Edge Apartments LLC

2310 Park Ave NW
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.

Total Monthly Price
Elmview Apartments

104 8th St NW

1711 2nd St SW

Heritage Bluff Apartments LLC

Riverchase Apartments

230 Central Ave N

1805 Division St W
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.

Southgate Village

Southgate Village

838 & 848 9th Avenue

Midwest Flats

Pond Apartments

River Trail 901

31 3rd St NE
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.

1114 4th St NW

530 6th St NW
Fair Park, Faribault, MN Local Guide
How much does it cost to rent an apartment in Fair Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fair Park Studio Apartments | $1,203 | $1,000 | $1,310 |
| Fair Park 1 Bedroom Apartments | $1,239 | $975 | $1,425 |
| Fair Park 2 Bedroom Apartments | $1,453 | $1,189 | $1,945 |
| Fair Park 3 Bedroom Apartments | $1,774 | $1,350 | $1,955 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Fair Park Neighborhood of Faribault, MN.
See all Apartments in FaribaultExplore Faribault
Fair Park, Faribault, MN Local Guide
- Nearby Faribault neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 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 Fair Park 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 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1,244 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Fair Park, MN
As of July 27, 2026 the best value apartment in the Fair Park 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 Fair Park 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 Fair Park 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 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.38 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.63 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1.66 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Elmview Apartments | Alcove | Studio ,1BA | $2.69 |
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.
Read ArticleReal 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.
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 LifestyleFair Park, Faribault, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Fair Park, Faribault, MN
School data provided by Great Schools
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 Elmview Apartments listed at $1,255.
How much is rent for a Cheap One Bedroom Fair Park Apartment?
The lowest price for a Cheap One Bedroom Fair Park Apartment is $975 at Four Seasons Apartments.
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 $1,189 at Town's Edge Place Apartments.
What is the most affordable Fair Park Three Bedroom Apartment?
The best deal on a cheap Fair Park 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

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.

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.

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.