Cheap Apartments for Rent in Faribault, MN

31 rentals

Apartments For Rent Near Faribault, MN

We found 30 more apartments matching your filters just outside Faribault

Average Rent Trends in Faribault, MN

Rent in Faribault, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Apr 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
May 2025$1,850
Jun 2025$975
Jul 2025$1,376
Aug 2025$1,375
Sep 2025$1,300
Oct 2025$1,300
Nov 2025$1,500
Dec 2025$1,443
Jan 2026$1,500
Feb 2026$1,350
Mar 2026$1,350
Apr 2026$1,350
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$931$1,400$1,500$2,650$1,350
Townhomes—$1,400—$2,650$2,650
Apartments and Condos$918$1,350$1,500—$1,295
Houses——$1,995—$1,995
See more information about local market trends in Faribault, MN

Frequently Asked Questions about Rentals in Faribault, MN

  • What is the average rent in Faribault, MN?
    The average rent in Faribault, MN is $1,295. Rent prices range from $700 to as much as $2,200, depending on the type of rental.
  • How does the rent in Faribault, MN compare to the national average?
    Average rent in Faribault, MN is about 32% lower than the national average rent of $1,910. That means it is less expensive to rent in Faribault compared to the U.S. average.
  • What is the average rent in Faribault, MN, by number of bedrooms?
    The average rent in Faribault, MN is $750 for a studio, $913 for a 1 bedroom, $1,350 for a 2 bedroom, $1,575 for a 3 bedroom, and $ for a 4 bedroom.
  • How have rent prices in Faribault, MN changed compared to last year?
    In the past year, the average rent price in Faribault, MN has decreased by $530. That means the average rent is 41% lower than last year.
  • How many available rental listings are in Faribault, MN?
    There are 29 available rental listings in Faribault, MN.
  • What are some zip codes in Faribault, MN?
    Faribault, MN includes zip codes such as: 55021.
  • What are some cities near Faribault, MN?
    Some nearby cities include: Warsaw, Dundas, Medford, Morristown, Nerstrand. These cities may have more rental options to explore.