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  4. $212 Off
    Price Drop. $212 Off
    STUDIO
    $1,255+
    1 BED
    $1,355+
    2 BEDS
    $1,243+
    3 BEDS
    $1,955+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,183 - $1,995
    Required Monthly Fees$60
    Total Monthly Price$1,243 - $2,055

    Elmview Apartments

    1740 Willow St, Faribault, MN 55021
    (218) 332-3360
  5. Building Photo - Midwest Flats
    $175 Off
    Price Drop. $175 Off
    STUDIO
    $915+
    1 BED
    $1,215+
    2 BEDS
    $1,365+
    Total Monthly Price Total Monthly Price New
    Base Rent$875 - $1,675
    Required Monthly Fees$40
    Total Monthly Price$915 - $1,715
         - 12 Month Lease

    Midwest Flats

    429 8th Ave NW, Faribault, MN 55021
    (507) 497-1574
  10. Building Photo - The Faribo Apartments
    1 BED
    $1,118+
    2 BEDS
    $1,244+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,099 - $1,225
    Required Monthly Fees$19
    Total Monthly Price$1,118 - $1,244
         - 12 Month Lease

    The Faribo Apartments

    123 2nd St NW, Faribault, MN 55021
  11. Building Photo - 2913 2nd Ave NW
    3 BEDS, 1 BATH
    $2,100
    Total Monthly Price Total Monthly Price New
    Base Rent$2,100
    Required Monthly FeesNone
    Total Monthly Price$2,100
         - 6 Month Lease

    2913 2nd Ave NW

    2913 2nd Ave NW, Faribault, MN 55021
    Apply
  15. 2 BEDS
    $1,295
    Plus Fees - 12 Month Lease

    River Trail 901

    901 River Trail Ln, Faribault, MN 55021
  18. 1 BED
    $1,450+
    2 BEDS
    $1,800+
    Plus Fees

    31 3rd St NE

    31 3rd St NE, Faribault, MN 55021

Faribault at a Glance

Average Rent

$1,096
(All bedrooms and property types)
Learn more about
Average Rent in Faribault
4

School Rating

out of 10 Rating
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Schools in Faribault

Faribault, MN Apartments for Rent

Faribault is regarded as one of Minnesota's most historic communities, with the second largest number of buildings on the National Historic Register in the state. Located at the confluence of the Cannon and Straight Rivers about 50 miles south of Minneapolis–Saint Paul, this Rice County seat offers classic brick architecture and convenient access to Interstate 35. Those looking for apartments for rent in Faribault will find a range of options in a city that balances historic character with modern convenience, where average rents remain affordable compared to the Twin Cities metro area.

Renting in Faribault provides access to 39 parks, miles of bike trails, and an outdoor aquatic center, along with ten lakes within ten miles of the city. The downtown area features restaurants, breweries, and shops housed in historic buildings, while the location along I-35 makes commuting straightforward for those working in the Twin Cities or throughout southern Minnesota. With a population of approximately 24,000, Faribault offers a relaxed pace of life while maintaining proximity to major employment centers and metropolitan amenities within an hour's drive.

Renting in Faribault

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Faribault

(For 1 bedroom apartments)

Average Rent in Nearby Cities

(For 1 bedroom apartments)

Education

Private University
GreatSchools Rating
Faribault Senior High

Public High School

Public
Grades 9-12
981 Students
GreatSchools Rating
Falcons Online Academy-HS

Public High School

Public
Grades 9-12
50 Students
GreatSchools Rating
Faribault Middle

Public Middle School

Public
Grades 6-8
717 Students
GreatSchools Rating
Falcons Online Academy-Middle School

Public Middle School

Public
Grades 6-8
18 Students
GreatSchools Rating
Lincoln Elementary

Public Elementary School

Public
Grades K-5
445 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Faribault

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Frequently asked questions about renting in Faribault, MN

What are the average rent costs in Faribault, MN?

The average rent in Faribault, MN is $1,096.

What are the average rent costs of a studio apartment in Faribault, MN?

The average rent for a studio apartment in Faribault, MN is $1,026.

What are the average rent costs of a one bedroom apartment in Faribault, MN?

The average rent for a 1 bedroom apartment in Faribault, MN is $1,096.

What are the average rent costs of a two bedroom apartment in Faribault, MN?

The average rent for a 2 bedroom apartment in Faribault, MN is $1,305.

What are the average rent costs of a three bedroom apartment in Faribault, MN?

The average rent for a 3 bedroom apartment in Faribault, MN is $1,513.

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