6

Faribault, MN Condos for Rent

Section Image
  • /12

    $775 Per Month

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

    1104 3rd St SW Unit 1, Faribault, MN 55021

    We have one and two bedroom apartments available in a fourplex setting.All utilities except electric are included.No smoking.No pets.Garages Available.Our one bedroom apartments are $725 per month and our two bedroom apartments range from $775 to $800

    1104 3rd St SW Unit 1, Faribault, MN 55021
  • /15

    $1,000

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    327 8th St NW Unit RHS 327-#B UP, Faribault, MN 55021

    Cute Upstairs 1 bedroom 1 bathroom with new carpet and vinyl. New Stove and over the range microwave.Private Entrance. Lots of Windows for natural light. Pet Friendly. Off Street parking. Hot water heat. Close to Stores and Parks.Utilities Included: Lawn Care and Snow Removal.Utilities Not Included: Water, Gas, Electric and GarbageWe require Renters InsuranceFor more

    327 8th St NW Unit RHS 327-#B UP, Faribault, MN 55021
  • /28

    $1,125

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    104 8th St NW Unit 2, Faribault, MN 55021

    Welcome to the Updated 2 Bedroom home in the heart of Faribault, MN. This charming residence boasts two spacious bedrooms and a full bathroom, perfect for comfortable living. The private entrance ensures your privacy, while the shared washer and dryer add convenience to your daily routine. The home is bathed in natural lighting, creating a warm and inviting atmosphere. The large rooms provide

    104 8th St NW Unit 2, Faribault, MN 55021
  • /11

    $1,275

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,092 Sq Ft
    • Condo for Rent

    415 9th St NW Unit RHS 415-#3, Faribault, MN 55021

    This beautiful upstairs 2-bedroom 1 bathroom home has so many features! Plenty of light, Updated Flooring, Large rooms, Coin-op laundry on-site, off-street parking, Wall AC in unit. Located in a great location and much more! Includes garageUtilities paid by Resident: Gas and Electric, Water/SewerRenters Insurance required2 Pets Allowed$50/month pet rent$350 non-refundable

    415 9th St NW Unit RHS 415-#3, Faribault, MN 55021
  • /6

    $1,250

    Total Monthly Price

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

    1711 2nd St SW 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

    1711 2nd St SW Unit MCP 1711-#4, Faribault, MN 55021
  • /8

    $1,250

    Total Monthly Price

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

    2300 Park Ave NW Unit 103, Faribault, MN 55021

    2 Bedroom - 1 Bath apartment available at Park Place Apartments.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. 1

    2300 Park Ave NW Unit 103, 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 September 2026, condos tend to be the most affordable option while single-family homes 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 $50,480 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 $1,262 per month in Faribault, MN, renters typically need to show $3,786 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 18.2, 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
$1,000
Median 2 Bedroom Condo Rent
$1,250
How to Rent a Home