416 State St
West ConcordMN55985
Cheap Homes for Rent in Faribault, MN from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Faribault.
101 Elm St
ClaremontMN55924
501 1st St W
NorthfieldMN55057
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1114 4th St NW
FaribaultMN55021
9830 Upper 161st St W
LakevilleMN55044
504 Juliet Dr
LakevilleMN55044
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
530 6th St NW
FaribaultMN55021
Showing Results 1-7, Page 1 of 1
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 | $1,876 | $1,200 | $2,500 |
| Faribault 3 Bedroom Homes for Rent | $2,223 | $1,250 | $3,850 |
| Faribault 4 Bedroom Homes for Rent | $3,470 | $2,795 | $4,495 |
| Faribault 5 Bedroom Homes for Rent | $2,795 | $2,195 | $3,395 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Faribault
Explore Faribault
Faribault, MN Local Guide
- Faribault Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 07/24/2026Current 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 | $1,695 | $975 | 37 |
| Downtown Faribault | $1,825 | $975 | 74 |
| Fair Park | $1,825 | $975 | 75 |
| Bluebird Estates | $1,955 | $975 | 73 |
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 $1,033. 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 | $1,033 |
| Elmview Apartments | 2 BD/1 BA | 2BR,1BA | $1,243 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of July 24, 2026 the best value apartment in the Faribault 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 $1,875. The second greatest value Faribault apartment is the 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC starting at $1,695 with a $1.41 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. |
|---|---|---|---|
| Straight River Apartments, LLC | 2 Bedroom 2 Bath + Den | 2BR,2BA | $1.50 |
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.38 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.63 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1.66 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Elmview Apartments | Alcove | Studio ,1BA | $2.69 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Let everyone know!
Do you know the Faribault area?
If you’re an expert on all things Faribault, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Faribault, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Faribault, MN Rentals by Map
See the most popular apartments and homes in Faribault, MN
Frequently Asked Questions about Faribault
What type of rentals are currently available in Faribault?
There are currently 49 Apartments for Rent in Faribault, MN with pricing that ranges from $975 to $1,955. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Faribault ranging from $1,200 to $4,495.
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 $1,200 to $4,495 with an average monthly rent of $2,591.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.