416 7th St NW
FaribaultMN55021
Cheap Apartments for Rent in Rice County, MN from $500 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in Rice County.
603 1st St SW
FaribaultMN55021
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1 to 2 Bedroom Apartments
Southgate Village
1518 9th Ave SWFaribault, MN 55021
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.
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1 to 2 Bedroom Apartments
Southgate Village
1528 9th Ave SWFaribault, MN 55021
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2 Bedroom Apartments
Hidden Valley Road
2113-2123 Hidden Valley RdNorthfield, MN 55057
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Studio to 3 Bedroom Apartments
Summerfield Apartments
951 Ensley AveNorthfield, MN 55057
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.
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Rice County, MN Local Guide
How much does it cost to rent an apartment in Rice County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rice County Studio Apartments | $1,162 | $750 | $1,475 |
| Rice County 1 Bedroom Apartments | $1,293 | $800 | $1,925 |
| Rice County 2 Bedroom Apartments | $1,488 | $952 | $2,100 |
| Rice County 3 Bedroom Apartments | $1,770 | $1,350 | $2,250 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Cheapest Available Rice County Apartments for Rent
The cheapest available apartment rental in Rice County, MN is a 1 Bed unit found at Woodridge Apartments in the Green Meadows neighborhood priced from $910. Northfield Estates in the Wood Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $952. Here is today’s list of the most affordable Rice County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $910 |
| Northfield Estates | COMING SOON | 2BR,1BA | $952 |
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
Best Value Apartments for Rent in Rice County, MN
As of June 04, 2026 the best value apartment in the Rice County 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 Rice County 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 Rice County 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 |
| River Trail 901 | 2/1 | 2BR,1BA | $1.30 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1.11 |
| PARKWAY TOWNHOUSES | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.23 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Northfield Estates | COMING SOON | 2BR,1BA | $1.19 |
| Riverview Manor | 1 BD 1 BA | 1BR,1BA | $1.27 |
| Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $1.36 |
Frequently Asked Questions about Cheap Rice County Apartments
How much is rent for a Cheap One Bedroom Rice County Apartment?
The lowest price for a Cheap One Bedroom Rice County Apartment is $910 at Woodridge Apartments.
What is the lowest price for a Cheap Two Bedroom Rice County Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Rice County is starting from $952 at Northfield Estates.
What is the most affordable Rice County Three Bedroom Apartment?
The best deal on a cheap Rice County Three Bedroom Apartment rental is at Four Seasons Apartments and starts from $1,350.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.