Cheap Apartments for Rent in Faribault, MN from $500 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in Faribault.

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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1518 9th Ave SWFaribault, MN 55021
Senior Living
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The Ponds
2 Bedroom Apartments

The Ponds

2805 Cardinal AveFaribault, MN 55021
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Village Green
1 to 3 Bedroom Apartments

Village Green

810 Conliffe Ave SWFaribault, MN 55021
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Southgate Village
1 to 2 Bedroom Apartments

Southgate Village

1522 9th Ave SWFaribault, MN 55021
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Park Place Apartments
1 to 2 Bedroom Apartments

Park Place Apartments

2310 Park AveFaribault, MN 55021
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1234 4th St NW
2 Bedroom Apartments

1234 4th St NW

1234 4th St NWFaribault, MN 55021
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418 6th St NW
2 Bedroom Apartments

418 6th St NW

418 6th St NWFaribault, MN 55021
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Pine Tree
Studio to 1 Bedroom Apartments

Pine Tree

1700 14th St NEFaribault, MN 55021

Faribault, MN Local Guide

Cheapest Neighborhoods for Apartments in Faribault, MN

Pricing Updated: 03/02/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Cottage Grove$1,455$650134
Downtown Faribault$1,455$650134
Fair Park$1,455$650134
Bluebird Estates$1,465$650129

Cheapest Available Faribault Apartments for Rent

 

The cheapest available apartment rental in Faribault, MN is a 1 Bed unit found at Southgate Village in the Fair Park neighborhood priced from $780. Town's Edge Place Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Faribault apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southgate Village1 Bedroom1BR,1BA$780
Town's Edge Place Apartments1 Bedroom1BR,1BA$975
Elmview Apartments1740 1 bed1BR,1BA$1,295
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1,300
Straight River Apartments, LLC2 Bedroom 1 Bath2BR,1BA$1,375

Best Value Apartments for Rent in Faribault, MN

As of March 03, 2025 the best value apartment in the Faribault area is the $1.18 price per square foot 19385 Elkridge Trail Model at 19385 Elkridge Trail in the in the Mystic Meadows neighborhood starting from $2,949. The second greatest value Faribault apartment is the 2 Bedroom 2 Bath Model at Riverchase Apartments starting at $1,560 with a $1.24 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 ListingModel NameBed/BathPrice Per Sq.Ft.
19385 Elkridge Trail19385 Elkridge Trail4BR,2BA$1.18
Riverchase Apartments2 Bedroom 2 Bath2BR,2BA$1.24
Straight River Apartments, LLC2 Bedroom 2 Bath + Den2BR,2BA$1.50
4045 Willowwood St SE4045 Willowwood St SE4BR,2BA$2.25
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Town's Edge Place Apartments3 Bedroom3BR,2BA$1.40
1109 1st Ave NW, Unit 21109 1st Ave NW2BR,1BA$1.28
Elmview Apartments1740 1 bed1BR,1BA$2.00
Southgate Village1 Bedroom1BR,1BA$1.25

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Faribault, MN Rentals by Map

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Getting Around Faribault, MN

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Faribault Apartments

How much is rent for a Cheap One Bedroom Faribault Apartment?

The lowest price for a Cheap One Bedroom Faribault Apartment is $780 at Southgate Village.

What is the lowest price for a Cheap Two Bedroom Faribault Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Faribault is starting from $1,075 at Town's Edge Place Apartments.

What is the most affordable Faribault Three Bedroom Apartment?

The best deal on a cheap Faribault Three Bedroom Apartment rental is at Town's Edge Place Apartments and starts from $1,350.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.