919 N Elm Ave
OwatonnaMN55060
Cheap Homes for Rent in Faribault, MN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Faribault.
437 Romeo Dr
LakevilleMN55044
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538 2nd St NW
FaribaultMN55021
20660 Holyoke Ave
LakevilleMN55044
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
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$1,450
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3 Bedroom Apartments Available Jan 1, 202626 6th St NW
26 6th St NWFaribault, MN 55021
28662 W Lake Dr
Madison LakeMN56063
20505 Erin Ct
FarmingtonMN55024
415 Romeo Dr
LakevilleMN55044
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.
616 2nd St NE
FaribaultMN55021
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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 | $1,753 | $1,350 | $2,650 |
| Faribault 3 Bedroom Homes for Rent | $2,195 | $895 | $3,000 |
| Faribault 4 Bedroom Homes for Rent | $3,110 | $2,200 | $4,900 |
| Faribault 5 Bedroom Homes for Rent | $3,947 | $3,795 | $4,099 |
| Faribault 6 Bedroom Homes for Rent | $3,595 | $3,595 | $3,595 |
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
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 12/08/2025Current 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 |
|---|---|---|---|
| Bluebird Estates | $1,475 | $950 | 90 |
| Cottage Grove | $1,475 | $950 | 86 |
| Downtown Faribault | $1,475 | $950 | 90 |
| Fair Park | $1,475 | $950 | 90 |
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. Midwest Flats in the Downtown Faribault neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. 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 |
| Midwest Flats | 0 Beds, 1 Baths | Studio,1BA | $999 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,030 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1,225 |
| Elmview II Apartments | 1 BD/1 BA | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of December 08, 2025 the best value apartment in the Faribault area is the $1.50 price per square foot 1935 7th St NW Model at 1935 7th St NW, Unit A in the in the Downtown Faribault neighborhood starting from $1,500. 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. |
|---|---|---|---|
| 1935 7th St NW, Unit A | 1935 7th St NW | 3BR,1BA | $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 |
| The Faribo Apartments | Two Bedroom A | 2BR,1BA | $1.63 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Straight River Apartments, LLC | 1 Bedroom 1 Bath | 1BR,1BA | $1.53 |
| Elmview II Apartments | 1 BD/1 BA | 1BR,1BA | $2.04 |
| Midwest Flats | 1 Beds, 1 Baths | 1BR,1BA | $2.20 |
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.
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Best Local Schools in Faribault, MN
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 46 Apartments for Rent in Faribault, MN with pricing that ranges from $950 to $1,875. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Faribault ranging from $600 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 $600 to $4,900 with an average monthly rent of $2,533.
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.