Cheap Apartments for Rent in Faribault, MN

32 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 decreased in Sep 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
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
May 2026$1,250
Jun 2026$1,150
Jul 2026$1,200
Aug 2026$1,250
Sep 2026$1,175
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Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,000$1,250$1,800$2,350$1,200
Townhomes—$1,425——$1,425
Apartments and Condos$980$1,250$1,800$2,900$1,175
Houses—$1,800$1,800$2,350$1,895
See more information about local market trends in Faribault, MN

Frequently Asked Questions about Rentals in Faribault, MN

  • What is the average rent of an apartment in Faribault, MN?
    The average rent of an apartment in Faribault, MN is $1,152 per month. This is about 41% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Faribault, MN?
    Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $975 per month.
  • How many cheap apartments are available in Faribault, MN?
    There are 17 apartments to rent that are cheaper than the city’s average rent of $1,200.
  • When is the average rent most expensive in Faribault, MN?
    In the last year, the average rent in Faribault, MN was highest in May 2025 when it was $1,850 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Faribault, MN?
    The average rent of a 1 bedroom apartment in Faribault, MN is $1,000 per month. That is about $100 less than the cost of a studio apartment.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Faribault, MN - 76 Rentas | Trulia