Cheap Apartments for Rent in the Fair Park Neighborhood of Faribault, MN from $500 (6 Rentals)

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

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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1518 9th Ave SWFaribault, MN 55021
Senior Living
  • Utilities Included
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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1528 9th Ave SWFaribault, MN 55021

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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 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 ListingModel NameBed/BathPriced From
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$975
Town's Edge Place Apartments1 Bedroom1BR,1BA$1,030
The Faribo ApartmentsTwo Bedroom A2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Straight River Apartments, LLC2 Bedroom 2 Bath + Den2BR,2BA$1.50
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.36
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.50
The Faribo ApartmentsTwo Bedroom A2BR,1BA$1.63
Four Seasons ApartmentsBeautiful Two Bedroom Apartment Home2BR,1BA$1.62
Elmview II Apartments1 BD/1 BA1BR,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.

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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

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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!