101 Elm St
ClaremontMN55924
Cheap Homes for Rent in Faribault, MN from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Faribault.
240 E Rice St
OwatonnaMN55060
94 Viking Terrace
NorthfieldMN55057
416 State St
West ConcordMN55985
51 Viking Terrace
NorthfieldMN55057
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
538 2nd St NW
FaribaultMN55021
501 1st St W
NorthfieldMN55057
20577 Erin Ct
FarmingtonMN55024
9830 Upper 161st St W
LakevilleMN55044
15539 Float Ln
Apple ValleyMN55124
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.
Showing Results 1-10, 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 | $1,808 | $875 | $2,725 |
| Faribault 3 Bedroom Homes for Rent | $2,364 | $1,120 | $3,550 |
| Faribault 4 Bedroom Homes for Rent | $3,181 | $2,195 | $3,990 |
| Faribault 5 Bedroom Homes for Rent | $3,972 | $3,195 | $4,750 |
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: 04/24/2026Current 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 | $1,350 | $1,350 | 1 |
| Downtown Faribault | $1,350 | $1,350 | 1 |
| Fair Park | $1,350 | $1,350 | 1 |
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 | $1,118 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of April 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 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 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 LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Riverchase Apartments | 1 Bedroom 1 Bath +Den | 1BR,1BA | $1.69 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Elmview Apartments | 1 BD/1 BA ADA | 1BR,1BA | $2.08 |
| The Faribo Apartments | One Bedroom A | 1BR,1BA | $1.85 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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.
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.
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Best Local Schools in Faribault, MN
School data provided by Great Schools
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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 $750 to $2,055. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Faribault ranging from $875 to $4,750.
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 $4,750 with an average monthly rent of $2,831.
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 $1,955, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,120 to $3,550. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $2,055.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.