
Cheap Apartments for Rent in the Fair Park Neighborhood of Faribault, MN from $595 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fair Park area of Faribault.


Total Monthly Price
Straight River Apartments, LLC

327 8th St NW

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Town's Edge Place Apartments

Total Monthly Price
Hillside Apartments

Total Monthly Price
The Faribo Apartments
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.

104 8th St NW

Total Monthly Price
Trails Edge Apartments

2310 Park Ave NW

Total Monthly Price
Elmview Apartments

956 6th Ave SW

2300 Park Ave NW
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.

4 2nd St NW

Total Monthly Price
Riverchase Apartments

415 9th St NW

Total Monthly Price
Heritage Bluff Apartments

610 Central Ave N

Southgate Village
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.

Southgate Village

838 & 848 9th Avenue

1109 1st Ave NW

Midwest Flats

Pond Apartments

River Trail 901
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.

31 3rd St NE

530 6th St NW

528 2nd St NE
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 | $1,226 | $1,000 | $1,310 |
| Fair Park 1 Bedroom Apartments | $1,234 | $975 | $1,375 |
| Fair Park 2 Bedroom Apartments | $1,470 | $1,125 | $1,945 |
| Fair Park 3 Bedroom Apartments | $1,522 | $1,350 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 27 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
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southgate Village | 1 Bedroom | 1BR,1BA | $800 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Straight River Apartments, LLC | Studio | Studio,1BA | $1,000 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1,118 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,140 |
| Trails Edge Apartments | 1 BD/1 BA (714 sq ft) | 1BR,1BA | $1,150 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,250 |
| Heritage Bluff Apartments | 2 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Heritage Bluff Apartments | 3 BD/2 BA | 3BR,2BA | $1.53 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.55 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Trails Edge Apartments | 1 BD/1 BA (714 sq ft) | 1BR,1BA | $1.61 |
| Southgate Village | 1 Bedroom | 1BR,1BA | $1.28 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1.85 |
| Straight River Apartments, LLC | Studio | Studio ,1BA | $2.50 |
| 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.
Read ArticleNavigating 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.
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
Lincoln Elementary School
Faribault Senior High School
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 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

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.

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.

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.

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.