Last updated on August 2, 2026

Average rent in
Faribault, MN

Median rent

Median rent in Faribault

$1,250/mo

decreased by3%

vs previous year

The average rent in Faribault is $1,250 per month as of August 2026. This is 36% below the national average rent, or $690 less per month.

$1.52

average price per square foot

Total rentals

Available rentals in Faribault

20

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Faribault rentals at each price point

75%56%38%19%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Faribault, MN

Average rent prices in Faribault have remained the same over the last month and have decreased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Faribault, MN

Rent prices in Faribault vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Faribault is $1,250, whereas a house costs $2,000. 1-bedroom apartments in Faribault run $1,112 on average, while 2-bedroom apartments are $1,250.

Listings

Studio

$1,260

8%

-

1 bedroom

$1,112

2%

4%

2 bedroom

$1,250

4%

2%

3 bedroom

$1,850

No Change

1%

4 bedroom

$3,000

20%

48%

Studio

Average rent

$1,260

Last 30 days

8%

1 bedroom

Average rent

$1,112

Last 30 days

2%

Last year

4%

2 bedroom

Average rent

$1,250

Last 30 days

4%

Last year

2%

3 bedroom

Average rent

$1,850

Last 30 days

No Change

Last year

1%

4 bedroom

Average rent

$3,000

Last 30 days

20%

Last year

48%

The table above reflects average rent prices in Faribault, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Faribault, MN compare to other cities?

Compare median rent prices in Faribault and Austin by all bedroom counts and property types.

Faribault

Median rent price$1,250
decreased by36%

lower than the national median

Median rent price$1,150
decreased by41%

lower than the national median

Takeaway

The median rent for all rentals in Faribault, MN is 9% higher than the median rent in Austin, MN.

Discover rentals in Faribault, MN

Four Seasons Apartments - Photo 1 of 1

1d ago

7.9

Very good

Four Seasons Apartments

1250 Autumn Dr, Faribault, MN 55021

1–3 beds

1 bath

$975–$1,350

Apartment for rent

1109 1st Ave Nw #1 - Photo 1 of 1

2d ago

Apartment for rent in Faribault

2BR/1.0BA

1109 1st Ave Nw #1, Faribault, MN 55021

2 beds

1 bath

$1,150

Apartment for rent

104 8th St NW APT - Photo 1 of 1

3d ago

8.8

Very good

104 8th St NW APT

104 8th St Nw, Faribault, MN 55021

2 beds

1 bath

$1,250

Apartment for rent

1711 2nd St Sw #4 - Photo 1 of 1

5d+ ago

Apartment for rent in Faribault

2 beds

1 bath

$1,250

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Faribault, MN

Quick answers to common questions about the Faribault rental market.

How much is rent in Faribault?

The average rent in Faribault is $1,250 per month as of August 1, 2026.

Is rent up or down in Faribault?

Average rent prices in Faribault have remained the same over the last month and have decreased by 3% since last year.

How does Faribault rent compare to the national average?

Rent in Faribault is 36% below the national average, which means renters are paying approximately $690 less per month.

What salary do I need to afford rent in Faribault?

To comfortably afford rent in Faribault, you'd need to earn approximately $50,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Faribault?

Based on our current listings, Faribault welcomes pet owners with 24% of rental apartments being pet-friendly. With an average of 51 listings available monthly, this works out to about 12 pet-welcoming apartments each month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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