101 Elm St
ClaremontMN55924
Cheap Homes for Rent in Faribault, MN from $800 (6 Rentals)
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515 10th St SW
FaribaultMN55021
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$1,4503 Bedroom Apartments Available Now
24 6th St NW
24 6th St NWFaribault, MN 55021
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.
501 1st St W
NorthfieldMN55057
728 Colonial Cir
FaribaultMN55021
720 10th St SW
Pine IslandMN55963
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.
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Faribault, MN Local Guide
Minnesota Flags by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Faribault?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Faribault 2 Bedroom Homes for Rent | $1,576 | $875 | $1,865 |
| Faribault 3 Bedroom Homes for Rent | $2,281 | $1,800 | $3,295 |
| Faribault 4 Bedroom Homes for Rent | $2,837 | $2,300 | $3,475 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Faribault, MN Local Guide
- Faribault Neighborhoods
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Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 03/10/2026Current apartment rentals in the Faribault, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Faribault Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Cottage Grove | $1,450 | $975 | 33 |
| Bluebird Estates | $1,995 | $975 | 46 |
| Downtown Faribault | $1,995 | $975 | 46 |
| Fair Park | $1,995 | $975 | 46 |
Cheapest Available Faribault Apartments for Rent and Nearby
The cheapest available apartment rental in Faribault, MN is a 1 Bed unit found at Four Seasons Apartments in the Downtown Faribault neighborhood priced from $975. Town's Edge Place Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,030. Here is today’s list of the most affordable Faribault apartments for rent:
| 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 | One Bedroom A | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of March 10, 2026 the best value apartment in the Faribault area is the $1.36 price per square foot 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,345. The second greatest value Faribault apartment is the 3 Bedroom Model at Town's Edge Place Apartments starting at $1,450 with a $1.50 price per square foot in the Downtown Faribault neighborhood. Here is today’s list of the best values for Faribault apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.69 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Straight River Apartments, LLC | 1 Bedroom 1 Bath | 1BR,1BA | $1.64 |
| Elmview Apartments | 1 BD/1 BA ADA | 1BR,1BA | $2.04 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1.82 |
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.
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.
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Best Local Schools in Faribault, MN
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Frequently Asked Questions about Faribault
What type of rentals are currently available in Faribault?
There are currently 46 Apartments for Rent in Faribault, MN with pricing that ranges from $750 to $1,995. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Faribault ranging from $875 to $3,475.
What is the current price range for Rental Homes in Faribault?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Faribault ranges from $875 to $3,475 with an average monthly rent of $2,231.
How much are larger Three and Four Bedroom Rentals in Faribault?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Faribault range from $1,350 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,995.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.