Cheap Homes for Rent in Fair Park Neighborhood of Faribault, MN from $1,300 (5 Rentals)

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

property at 538 2nd St NW

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Now

538 2nd St NW

FaribaultMN55021

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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
Midwest Flats0 Beds, 1 BathsStudio,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 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
Midwest Flats1 Beds, 1 Baths1BR,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.

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The 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.

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Cash 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.

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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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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

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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.

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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!