Cheap Homes for Rent in Faribault, MN from $1,400 (15 Rentals)

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Search the lowest-cost Homes available for rent right now in Faribault.

property at 910 E Rice Lake Rd

910 E Rice Lake Rd

OwatonnaMN55060
property at 501 1st St W

501 1st St W

NorthfieldMN55057
property at 20660 Holyoke Ave

20660 Holyoke Ave

LakevilleMN55044
property at 16520 Tranquility Ct

16520 Tranquility Ct

Prior LakeMN55372
property at 5325 206th St W

5325 206th St W

FarmingtonMN55024
property at 15537 Foghorn Ln

15537 Foghorn Ln

Apple ValleyMN55124
property at 884 MacBeth Cir

884 MacBeth Cir

LakevilleMN55044
property at 1180 Highland Ave W

1180 Highland Ave W

NorthfieldMN55057
property at 157 Anthony Dr

157 Anthony Dr

LakevilleMN55044
property at 835 MacBeth Cir

835 MacBeth Cir

LakevilleMN55044
property at 605 MacBeth Cir

605 MacBeth Cir

LakevilleMN55044

Faribault, MN Local Guide

Cheapest Neighborhoods for Apartments in Faribault, MN

Pricing Updated: 10/23/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Bluebird Estates$1,450$77532
Cottage Grove$1,450$77529
Downtown Faribault$1,450$77533
Fair Park$1,450$77533

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 $925. 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 $995. Here is today’s list of the most affordable Faribault apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$925
Town's Edge Place Apartments1 Bedroom1BR,1BA$995
Straight River Apartments, LLCStudioStudio,1BA$1,000
The Faribo ApartmentsOne Bedroom A1BR,1BA$1,099
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1,150

Best Value Apartments for Rent in Faribault, MN and Nearby

As of October 23, 2025 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 $1,350 with a $1.40 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.36
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
1104 3rd St SW, Unit 11104 3rd St SW2BR,1BA$0.91
Four Seasons ApartmentsBeautiful Two Bedroom Apartment Home2BR,1BA$1.52
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1.61
Elmview II Apartments1 BD/1 BA1BR,1BA$2.04
The Faribo ApartmentsOne Bedroom A1BR,1BA$1.82
Straight River Apartments, LLCStudioStudio ,1BA$2.50

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Faribault

What type of rentals are currently available in Faribault?

There are currently 47 Apartments for Rent in Faribault, MN with pricing that ranges from $775 to $1,860. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Faribault ranging from $1,400 to $4,900.

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 $1,400 to $4,900 with an average monthly rent of $2,825.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.