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 May 2026, the average rent in Faribault, MN is $1,295 per month, which is 32% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,295

0.0%No change month over month

-29.0%-$530 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,038

HOUSES

$1,995

TOWNHOUSES

$1,400

As of May 2026, apartments are the most affordable rental option in Faribault, MN at $1,038 per month, while houses are the most expensive at $1,995 per month. Townhomes average $1,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$931
2 Bedrooms	$1,400
3 Bedrooms	$1,500
4 Bedrooms	$2,650
All	$1,350

As of May 2026, the average rent for a 1 bedroom rental in Faribault, MN is $931 per month, followed by $1,400 for a 2 bedroom rental, $1,500 for a 3 bedroom rental, and $2,650 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,400
3 Bedrooms	—
4 Bedrooms	$2,650
All	$2,650

As of May 2026, the average rent for a 2 bedroom townhome in Faribault, MN is $1,400 per month, followed by $2,650 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$918
2 Bedrooms	$1,350
3 Bedrooms	$1,500
4 Bedrooms	—
All	$1,295

As of May 2026, the average rent for a 1 bedroom apartment in Faribault, MN is $918 per month, followed by $1,350 for a 2 bedroom apartment, and $1,500 for a 3 bedroom apartment.