603 1st St SW
FaribaultMN55021
Cheap Apartments for Rent in Faribault, MN from $500 (4 Rentals)
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306 State Ave
OwatonnaMN55060
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Faribault, MN Local Guide
Minnesota Flags by Tony Webster is licensed under CC BY 2.0
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 | $1,242 | $850 | $1,325 |
| Faribault 2 Bedroom Apartments | $1,493 | $1,075 | $1,895 |
| Faribault 3 Bedroom Apartments | $1,782 | $1,350 | $1,895 |
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Faribault, MN Local Guide
- Faribault Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Faribault, MN
Pricing Updated: 04/24/2025Current 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 | 8 |
| Cottage Grove | $1,895 | $850 | 9 |
| Downtown Faribault | $1,895 | $850 | 9 |
| Fair Park | $1,895 | $850 | 9 |
Best Value Apartments for Rent in Faribault, MN and Nearby
As of April 24, 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 $1,350 with a $1.37 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 | $1.37 |
| Town's Edge Place Apartments | 3 Bedroom | 3BR,2BA | $1.40 |
| 1109 1st Ave NW, Unit 2 | 1109 1st Ave NW | 2BR,1BA | $1.23 |
| Riverchase Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.49 |
| Southgate Village | 1 Bedroom | 1BR,1BA | $1.25 |
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Best Local Schools in Faribault, MN
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Faribault, MN Apartments MapFaribault, MN Rental Homes MapGetting 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
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.