501 1st St W
NorthfieldMN55057
Cheap Homes for Rent in Faribault, MN from $875 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Faribault.
1109 1st Ave NW
FaribaultMN55021
946 Willow St
FaribaultMN55021
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.
16505 Timber Crest Dr SE
Prior LakeMN55372
528 2nd St NE
FaribaultMN55021
530 6th St NW
FaribaultMN55021
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.
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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 | $1,878 | $1,150 | $2,395 |
| Faribault 3 Bedroom Homes for Rent | $2,284 | $1,800 | $2,749 |
| Faribault 4 Bedroom Homes for Rent | $2,809 | $2,499 | $3,000 |
| Faribault 5 Bedroom Homes for Rent | $2,981 | $2,195 | $4,250 |
| Faribault 6 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
| Faribault 7 Bedroom Homes for Rent | $4,364 | $4,364 | $4,364 |
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: 09/07/2026Current apartment rentals in the Faribault, MN area range in price from $975 to $1,945 with an overall median price of $1,320. Here is today’s list neighborhoods with the lowest median pricing for Faribault Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Faribault | $1,310 | $975 | 70 |
| Fair Park | $1,310 | $975 | 70 |
| Bluebird Estates | $1,327 | $975 | 68 |
| Cottage Grove | $1,345 | $975 | 35 |
Cheapest Available Faribault Apartments for Rent and Nearby
The cheapest available apartment rental in Faribault, MN is a 1 Bed unit found at Southgate Village in the Fair Park neighborhood priced from $800. Four Seasons Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Faribault apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southgate Village | 1 Bedroom | 1BR,1BA | $800 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of September 07, 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 BD/2 BA Model at Heritage Bluff Apartments starting at $1,695 with a $1.53 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 |
| Heritage Bluff Apartments | 3 BD/2 BA | 3BR,2BA | $1.53 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.63 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Trails Edge Apartments | 1 BD/1 BA (714 sq ft) | 1BR,1BA | $1.61 |
| Southgate Village | 1 Bedroom | 1BR,1BA | $1.28 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1.85 |
| Elmview Apartments | Studio | Studio ,1BA | $3.32 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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Best Local Schools in Faribault, MN
Roosevelt Elementary School
Faribault Public School District
Public School - Grades PK-5 (473)
7 out of 10
Faribault Senior High School
Faribault Public School District
Public School - Grades 9-12 (956)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Faribault, MN Rentals by Map
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Frequently Asked Questions about Faribault
What type of rentals are currently available in Faribault?
There are currently 52 Apartments for Rent in Faribault, MN with pricing that ranges from $975 to $1,945. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Faribault ranging from $875 to $4,364.
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 $4,364 with an average monthly rent of $2,431.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.