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Newest Homes for Rent in Faribault, MN

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  • /45

    Starting at $1,250 Plus Fees

    • 1 - 2 Beds

    110 Riverchase Ct, Faribault, MN 55021

    SPECIAL: One month FREE for new residents. Apply within 24 hours of your tour for a bonus $500 at move in.Upscale Living in downtown Faribault, Minnesota. Riverchase Apartments is a new 77 unit complex. Just opened in December 2023!Utilities included in the rent are Water, Sewer, and Refuse. Residents are responsible for payment of heat, electricity, internet and optional cable

    Riverchase Apartments

    110 Riverchase Ct, Faribault, MN 55021
  • /30

    Starting at $1,040 Plus Fees

    • Studio - 2 Beds

    10 Division St W, Faribault, MN 55021

    CURRENT SPECIAL: One month free for new residents - Apply within 24 hours of tour for bonus $500 at move in!Hillside Apartments is in the heart of Faribault. Conveniently located across the street from a community fitness center, library and senior center. It's surrounded by shopping and local businesses.Utilities included in the rent are Water, Sewer, Refuse, Basic Cable TV

    Hillside Apartments

    10 Division St W, 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
  • /49

    Starting at $1,255

    Total Monthly Price

    • Studio - 3 Beds

    1740 Willow St, Faribault, MN 55021

    THREE BUILDINGS NOW LEASING | ELMVIEW APARTMENTSDiscover modern apartment living at Elmview Apartments in Faribault, MN. With availability across all three buildings, Elmview offers thoughtfully designed studio, 1, 2, 3, and 4-bedroom apartment homes featuring modern finishes, premium amenities, and everyday convenience.Apartment Features• Pet friendly & smoke free•

    Elmview Apartments

    1740 Willow St, Faribault, MN 55021
  • /20

    Starting at $1,000 Plus Fees

    • Studio - 2 Beds

    601 1st Ave NE, Faribault, MN 55021

    CURRENT SPECIAL: TWO MONTHS FREE on Two Bedroom apartments - One Month FREE on Two Bedroom + Den apartments.Elegant Living in Downtown Faribault, Minnesota. Straight River Apartments is a new 111 unit apartment complex overlooking the beautiful Straight River. Opened September 2022. Utilities included in the rent are Water, Sewer, Refuse, and Internet. Residents are responsible

    Straight River Apartments, LLC

    601 1st Ave NE, Faribault, MN 55021
  • /6

    $1,250

    Total Monthly Price

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

    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
  • /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
  • /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
  • /15

    $2,900

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 2,612 Sq Ft
    • House for Rent

    1320 11th Ave NE, Faribault, MN 55021

    Open to a 6 month or month by month lease.This beautifully updated residence showcases an impressive list of recent improvements, including a brand-new roof in 2026, newer gutters, and air conditioning unit. Inside, you'll find fresh interior paint, rich, high quality laminate wood floors, newer carpet in the bedrooms, and a thoughtfully renovated kitchen designed for both style and

    1320 11th Ave NE, Faribault, MN 55021
  • /14

    $1,800

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,339 Sq Ft
    • House for Rent

    530 6th St NW, Faribault, MN 55021

    Enjoy the perfect combination of comfort and convenience in this updated 3-bedroom, 1-bath home. Centrally located, this property is within walking distance of downtown, shopping, restaurants, and other local amenities.Inside, you'll find an open-concept main level that's perfect for everyday living and entertaining. Upstairs features three comfortable bedrooms and a full bathroom. Recent

    530 6th St NW, 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
  • /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
  • /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
  • /14

    $1,800 Plus Fees

    • 2 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • House for Rent

    829 Reed Ave, Faribault, MN 55021

    Property Id: 2797150 Free month rent with 24 month lease. Free 2 weeks with 12 month lease. Must meet screening criteria to qualify. Expires August 28, 2026 Discover comfortable, low-maintenance living in this spacious, recently updated 2-bedroom, 1-bathroom apartment at 829 Reed Avenue in Faribault, MN. Located on the main level of a quiet, well-maintained four-plex built in the

    829 Reed Ave, Faribault, MN 55021
  • /32

    Starting at $1,345 Plus Fees

    • 2 - 3 Beds

    200 Heritage Place, Faribault, MN 55021

    One Months Rent Free!Get one full month of base rent free when you sign a 13 or 25-month lease. Additional monthly charges apply. Must be approved through our standard application process. Restrictions may apply.Searching for apartments in Faribault, MN? Heritage Bluff offers comfortable apartment homes in Rice County with spacious floor plans and a convenient location close to

    Heritage Bluff Apartments

    200 Heritage Place, Faribault, MN 55021
  • /21

    Starting at $1,695 Plus Fees

    • 3 Beds

    715 Central Ave N, Faribault, MN 55021

    One Months Rent Free!Get one full month of base rent free when you sign a 13 or 25-month lease. Additional monthly charges apply. Must be approved through our standard application process. Restrictions may apply.Looking for apartments for rent in Faribault, MN? Trails Edge offers comfortable apartment homes in Rice County with practical floor plans and convenient access to local

    Trails Edge Apartments

    715 Central Ave N, Faribault, MN 55021
  • /8

    $1,150

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Townhouse for Rent

    1109 1st Ave NW, Faribault, MN 55021

    2 Bedroom, 1 Bath unit in lower level of DuplexNew windows and roofQuiet Street, Large backyard and ample on site parkingNice sized bedrooms, cute kitchen with on site laundryClose to everything Faribault has to offer.Make this your next place to call home.

    1109 1st Ave NW, Faribault, MN 55021
  • /20

    Starting at $1,118

    Total Monthly Price

    • 1 - 2 Beds

    123 2nd St NW, Faribault, MN 55021

    You have heard that great things come in small packages. Well, it's true! When living at Faribo Apartments you will enjoy all the perks of living in this quaint 11-unit apartment community located near the heart of the downtown Faribault area.

    The Faribo Apartments

    123 2nd St NW, Faribault, MN 55021
  • /6

    $1,250

    Total Monthly Price

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

    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
  • /23

    $2,900 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,308 Sq Ft
    • House for Rent

    1908 Prairie Ave SW, Faribault, MN 55021

    For rent: an exquisite 4-bedroom, 3-bathroom home with a spacious 3-car garage, nestled in a sought-after southwest neighborhood. This impressive split-level residence, constructed in 2006, is ready for you to move in! As you step inside, you’ll be greeted by an inviting open floor plan that seamlessly connects the spacious kitchen, dining area, and living room, creating the perfect space for

    Michelle Jasinski Weichert, REALTORS- Heartland

    1908 Prairie Ave SW, 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
  • /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
  • /11

    Starting at $1,033 Plus Fees

    • 1 Bed

    851 Faribault Rd, Faribault, MN 55021

    Experience Faribault living at Town's Edge Place Apartments. This community is located on Faribault Rd in Faribault. From amenities to availability, the leasing staff will assist you in finding your perfect new place. Stop looking and get moving. We are Section 8 and HUD compliant. Contact or stop by the Town's Edge Place Apartments leasing office to schedule a tour.We are an equal

    Town's Edge Place Apartments

    851 Faribault Rd, Faribault, MN 55021
  • /23

    Starting at $975 Plus Fees

    • 1 - 3 Beds

    1250 Autumn Dr, Faribault, MN 55021

    Welcome to Four Seasons Apartments, your new home in the heart of Faribault, MN. Our community offers a variety of amenities designed to enhance your living experience. Enjoy the convenience of laundry facilities on each floor and the assurance of onsite management and maintenance. Our location is a commuter's dream, situated right next to a bus line, making your daily commute a breeze. For those

    Four Seasons Apartments

    1250 Autumn Dr, Faribault, MN 55021

Frequently Asked Questions

How much does it cost to rent a home in Faribault, MN?
The median rent for a home in Faribault, MN is $1,450 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 $58,000 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 $1,450 per month in Faribault, MN, renters typically need to show $4,350 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 15.8, 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 Homes for Rent
24
Median Rent
$1,450
Median Single Family Home Rent
$1,950
Median Townhouse Rent
$3,500
Median Condo Rent
$1,250
How to Rent a Home