What's the average rent in Faribault, MN?
Rental Market Trends in Faribault, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in Faribault, MN is $1,250 per month, which is 36% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,250
8.7%$100 increase month-over-month
-3.8%-$50 decrease year-over-year
AVAILABLE RENTALS
31
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Faribault, MN at $1,192 per month, while houses are the most expensive at $1,800 per month. Townhomes average $1,350 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,625 |
| 4 Bedrooms | $2,000 |
| All | $1,250 |
As of August 2026, the average rent for a 1 bedroom rental in Faribault, MN is $980 per month, followed by $1,250 for a 2 bedroom rental, $1,625 for a 3 bedroom rental, and $2,000 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,350 |
As of August 2026, the average rent for a 1 bedroom townhome in Faribault, MN is $980 per month, followed by $1,350 for a 2 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,163 |
| 3 Bedrooms | $1,575 |
| 4 Bedrooms | $2,000 |
| All | $1,163 |
As of August 2026, the average rent for a 1 bedroom apartment in Faribault, MN is $960 per month, followed by $1,163 for a 2 bedroom apartment, $1,575 for a 3 bedroom apartment, and $2,000 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,625 |
| 4 Bedrooms | $1,995 |
| All | $1,800 |
As of August 2026, the average rent for a 3 bedroom house in Faribault, MN is $1,625 per month, followed by $1,995 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -9% compared to the previous year, which is a $125 decrease.
This year (2026)
Last year (2025)
Rent distribution
56% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $700 to $2,900.
