
Cheap Apartments for Rent in Faribault, MN from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Faribault.


Straight River Apartments, LLC

Hillside Apartments

Heritage Bluff Apartments LLC

Town's Edge Place Apartments

The Faribo Apartments
Faribault, MN Local Guide

How much does it cost to rent an apartment in Faribault?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Faribault Studio Apartments | $1,020 | $1,000 | $1,040 |
Faribault 1 Bedroom Apartments | $1,257 | $950 | $1,325 |
Faribault 2 Bedroom Apartments | $1,544 | $1,075 | $1,895 |
Faribault 3 Bedroom Apartments | $1,796 | $1,250 | $1,895 |
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Faribault, MN Local Guide
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Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 03/26/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Bluebird Estates | $1,895 | $950 | 201 |
Cottage Grove | $1,895 | $950 | 201 |
Downtown Faribault | $1,895 | $950 | 201 |
Fair Park | $1,895 | $950 | 201 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Southgate Village | 1 Bedroom | 1BR,1BA | $780 |
Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $975 |
Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1,300 |
Riverchase Apartments | 1 Bedroom 1 Bath +Den | 1BR,1BA | $1,325 |
Straight River Apartments, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1,375 |
Best Value Apartments for Rent in Faribault, MN
As of March 26, 2025 the best value apartment in the Faribault area is the $1.31 price per square foot 2 bedroom 1 bathroom Model at Heritage Bluff Apartments LLC in the in the Downtown Faribault neighborhood starting from $1,300. The second greatest value Faribault apartment is the 2 Bedroom 1 Bath Model at Straight River Apartments, LLC starting at $1,375 with a $1.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Heritage Bluff Apartments LLC | 2 bedroom 1 bathroom | 2BR,1BA | $1.31 |
Straight River Apartments, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1.40 |
Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.40 |
Riverchase Apartments | 1 Bedroom 1 Bath +Den | 1BR,1BA | $1.63 |
Southgate Village | 1 Bedroom | 1BR,1BA | $1.25 |
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Best Local Schools in Faribault, MN
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.

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.