603 1st St SW
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.
416 7th St NW
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
Winter Road by Derek Bakken is licensed under CC BY 2.0
How much does it cost to rent an apartment in Rice County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rice County Studio Apartments | $1,059 | $750 | $1,400 |
| Rice County 1 Bedroom Apartments | $1,327 | $750 | $1,950 |
| Rice County 2 Bedroom Apartments | $1,523 | $1,010 | $2,100 |
| Rice County 3 Bedroom Apartments | $1,811 | $1,350 | $2,250 |
| Rice County 4 Bedroom Apartments | $2,055 | $2,055 | $2,055 |
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 Four Seasons Apartments in the Downtown Faribault neighborhood priced from $975. Hidden Valley Apartments in the Green Meadows neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,010. Here is today’s list of the most affordable Rice County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Four Seasons Apartments | Cozy One Bedroom Apartment Home | 1BR,1BA | $975 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1,010 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Rice County, MN
As of April 19, 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 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 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 |
| Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.36 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.50 |
| Hidden Valley Apartments | ** COMING SOON ** | 2BR,1BA | $1.11 |
| Dundas Apartments | 2 bed, 1 bath | 2BR,1BA | $1.78 |
| PARKWAY TOWNHOUSES | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.23 |
| Hillside Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.30 |
| Maple Trails Apartments | ** COMING SOON ** | 2BR,1BA | $1.61 |
| Riverchase Apartments | 1 Bedroom 1 Bath +Den | 1BR,1BA | $1.69 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
Frequently Asked Questions about Cheap Rice County Apartments
What is the Cheapest Studio apartment in Rice County?
Currently the most affordable Cheap Studio Apartment in Rice County is at Timberfield Apartments listed at $1,260.
How much is rent for a Cheap One Bedroom Rice County Apartment?
The lowest price for a Cheap One Bedroom Rice County Apartment is $975 at Four Seasons 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 $1,010 at Hidden Valley Apartments.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.