416 7th St NW
FaribaultMN55021
Cheap Apartments for Rent in the Fair Park Neighborhood of Faribault, MN from $500 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fair Park area of Faribault.
603 1st St SW
FaribaultMN55021
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 to 2 Bedroom Apartments
Southgate Village
1518 9th Ave SWFaribault, MN 55021
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1 to 2 Bedroom Apartments
Southgate Village
1528 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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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 | $1,081 | $750 | $1,310 |
| Fair Park 1 Bedroom Apartments | $1,247 | $800 | $1,425 |
| Fair Park 2 Bedroom Apartments | $1,466 | $1,189 | $1,945 |
| Fair Park 3 Bedroom Apartments | $1,722 | $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 4 rentals with your search options within a 2 mile radius of the Fair Park Neighborhood of Faribault, MN.
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Fair Park, Faribault, MN Local Guide
- Nearby Faribault neighborhoods
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Best Value Apartments for Rent in Fair Park, MN
As of June 12, 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 2/1 Model at River Trail 901 starting at $1,295 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Straight River Apartments, LLC | 2 Bedroom 2 Bath + Den | 2BR,2BA | $1.50 |
| 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 |
| Trails Edge Apartments LLC | 2 bedroom 2 bathroom | 2BR,2BA | $1.40 |
| 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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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 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
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
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.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.