Cheap Homes for Rent in Fair Park Neighborhood of Faribault, MN from $1,300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Fair Park area of Faribault.

538 2nd St NW
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.

1402 Division St W

26 6th St NW
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.

616 2nd St NE
Fair Park, Faribault, MN Local Guide
How much does it cost to rent a home in Fair Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fair Park 2 Bedroom Homes for Rent | $1,350 | $1,350 | $1,350 |
| Fair Park 3 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| Fair Park 4 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 |
| Midwest Flats | 0 Beds, 1 Baths | Studio,1BA | $1,039 |
Best Value Apartments for Rent in Fair Park, MN
As of December 26, 2025 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 |
| Midwest Flats | 1 Beds, 1 Baths | 1BR,1BA | $2.27 |
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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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
Frequently Asked Questions about Fair Park
What type of rentals are currently available in Fair Park?
There are currently 45 Apartments for Rent in Fair Park, MN with pricing that ranges from $950 to $1,925. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fair Park ranging from $1,350 to $2,150.
What is the current price range for Rental Homes in Fair Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fair Park ranges from $1,350 to $2,150 with an average monthly rent of $1,800.
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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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!
