
Cheap Homes for Rent in Rice County, MN from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Rice County.


51 Viking Terrace
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.

501 1st St W

1707 Western Ave NW
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.
Rice County, MN Local Guide

How much does it cost to rent a home in Rice County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rice County 2 Bedroom Homes for Rent | $1,742 | $1,475 | $2,010 |
| Rice County 3 Bedroom Homes for Rent | $1,685 | $1,320 | $2,050 |
| Rice County 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in Rice County
Explore Rice County
Best Value Apartments for Rent in Rice County, MN
As of July 03, 2026 the best value apartment in the Rice County area is the $1.41 price per square foot 3 bedroom 2 bathroom Model at Trails Edge Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,695. The second greatest value Rice County apartment is the 3 bedroom 2 bathroom Model at Heritage Bluff Apartments LLC 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 Rice County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Trails Edge Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.41 |
| Heritage Bluff Apartments LLC | 3 bedroom 2 bathroom | 3BR,2BA | $1.53 |
| Hillside Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.38 |
| Timberfield Apartments | Two Bedroom/ Two Bathroom | 2BR,2BA | $1.73 |
| Dundas Apartments | 2 bed, 1 bath | 2BR,1BA | $1.78 |
| Riverchase Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.63 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| Southgate Village | 2 Bedroom | 2BR,1BA | $1.08 |
| Four Seasons Apartments | Beautiful Two Bedroom Apartment Home | 2BR,1BA | $1.62 |
| Woodridge Apartments | ** COMING SOON ** Surround yourself with nature. | 1BR,1BA | $1.36 |
Frequently Asked Questions about Rice County
What type of rentals are currently available in Rice County?
There are currently 99 Apartments for Rent in Rice County, MN with pricing that ranges from $850 to $2,250. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rice County ranging from $1,320 to $2,600.
What is the current price range for Rental Homes in Rice County?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rice County ranges from $1,320 to $2,600 with an average monthly rent of $2,009.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.