
Cheap Apartments for Rent in the Fair Park Neighborhood of Faribault, MN from $500 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fair Park area of Faribault.


Straight River Apartments, LLC

Four Seasons Apartments
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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.

Southgate Village

Southgate Village

River Trail Estates
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,128 | $950 | $1,219 |
| Fair Park 1 Bedroom Apartments | $1,275 | $950 | $1,419 |
| Fair Park 2 Bedroom Apartments | $1,471 | $1,170 | $1,925 |
| Fair Park 3 Bedroom Apartments | $1,536 | $1,350 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 6 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 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 $1,030. 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 | $1,030 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1,225 |
Best Value Apartments for Rent in Fair Park, MN
As of January 14, 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 $1,885. The second greatest value Fair Park apartment is the 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC starting at $1,345 with a $1.36 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 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1.63 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Elmview II Apartments | 1 BD/1 BA | 1BR,1BA | $2.04 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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
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 $1,170 at Town's Edge Place 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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!