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Faribault, MN Condos for Rent

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  • /6

    $1,250

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 725 Sq Ft
    • 2 Bedroom 1 Bathroom upstairs apartment

    4 2nd St NW Unit MCP 1711-#4, Faribault, MN 55021

    Welcome to your new home in Faribault, MN! This 2-bedroom, 1-bathroom upstairs apartment offers spacious rooms and a convenient location. The apartment is part of a 4-plex, providing a sense of community while maintaining your personal space. The large rooms are perfect for those who appreciate a generous living area. The apartment is also pet-friendly, so your furry friends are more than

    4 2nd St NW Unit MCP 1711-#4, Faribault, MN 55021
  • /6

    $1,250

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Large Upstairs 2 Bedroom in Faribault

    1711 2nd St SW Unit MCP 1711-#3, Faribault, MN 55021

    Large 2 Bedroom in Faribault offers a comfortable two-bedroom, one-bath layout with convenient on-site washer and dryer access. The property includes off-street parking and a large yard and is pet friendly. Located close to shopping, this apartment provides practical, easy living in Faribault. Wall AC. Upstairs.For more information visit or Call We Require Renters

    1711 2nd St SW Unit MCP 1711-#3, Faribault, MN 55021
  • /11

    $2,000

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 1,518 Sq Ft
    • Condo for Rent

    230 Central Ave N Unit 7, Faribault, MN 55021

    Classy, clean, industrial, modern, spacious 4 bedroom, 3 bathroom apartment in newly renovated historic Masonic building. Secured entrance to your apartment that has extra high exposed ceilings, ceiling fans, central air conditioning, fresh air-to-air exchange system, stainless steel appliances, soft-close cabinets, luxury vinyl flooring throughout apartment. High-speed internet, water, sewer,

    230 Central Ave N Unit 7, Faribault, MN 55021
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    $1,250

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    104 8th St NW Unit 1, Faribault, MN 55021

    104 8th St NW Unit 1, Faribault, MN 55021
  • /8

    $1,250

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Spacious 2 Bedroom 1 Bath

    2310 Park Ave NW Unit 303, Faribault, MN 55021

    Park Place Apartments – Faribault, MN2 Bedroom | 1 Bath | $1,250/monthWelcome to Park Place Apartments, where comfort meets convenience in the heart of Faribault! This spacious 2-bedroom, 1-bath unit offers modern living at an affordable price.Features include:Bright, open floor plan with plenty of natural lightFully equipped kitchen with ample cabinet spaceCozy

    2310 Park Ave NW Unit 303, Faribault, MN 55021
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    $1,175

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • 1 Bedroom Apartment at Park Place Apartments

    2310 Park Ave NW Unit 403, Faribault, MN 55021

    Park Place is a locked building that is conveniently located near off HWY 21 & 35W and within walking distances to gas stations, restaurants, hotels, parks, walking trails and more.This unit feature's an open living concept with a large living room, a kitchen that has lots of cabinet space with a dishwasher included. a large bedroom with walk in closets and plenty of closet/storage space

    2310 Park Ave NW Unit 403, Faribault, MN 55021

Frequently Asked Questions

How much does it cost to rent a condo in Faribault, MN?
The median rent for a condo in Faribault, MN is $1,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Faribault, MN?
To comfortably afford the median rent in Faribault, MN, a household needs to earn roughly $61,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,537 per month in Faribault, MN, renters typically need to show $4,611 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Faribault, MN?
In Faribault, MN, the price-to-rent ratio is 15.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Condos for Rent
6
Median Condo Rent
$1,250
Median 1 Bedroom Condo Rent
$1,175
Median 2 Bedroom Condo Rent
$1,250
How to Rent a Home