Cheap Homes for Rent in Rice County, MN from $1,300 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in Rice County.

property at 51 Viking Terrace

$1,320

Total Monthly Price

Total Monthly Price

Base Rent
$1,320

Total Monthly Price
$1,320

3 Bedroom, 2 Bath Home for Rent

Available Now

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.

property at 501 1st St W

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

2 Bedroom, 1 Bath Home for Rent

Available Now

501 1st St W

NorthfieldMN55057
property at 1707 Western Ave NW

$1,560

Total Monthly Price

Total Monthly Price

Base Rent
$1,560

Total Monthly Price
$1,560

2 Bedroom, 2 Bath Home for Rent

Available Aug 1

1707 Western Ave NW

FaribaultMN55021

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.

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trails Edge Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.41
Heritage Bluff Apartments LLC3 bedroom 2 bathroom3BR,2BA$1.53
Hillside ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.38
Timberfield ApartmentsTwo Bedroom/ Two Bathroom2BR,2BA$1.73
Dundas Apartments2 bed, 1 bath2BR,1BA$1.78
Riverchase Apartments2 Bedroom 1 Bath2BR,1BA$1.63
Town's Edge Place Apartments2 Bedroom2BR,1BA$1.40
Southgate Village2 Bedroom2BR,1BA$1.08
Four Seasons ApartmentsBeautiful Two Bedroom Apartment Home2BR,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

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.