Faribault

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Faribault, MN Area Guide

Avg Rent

$1,105

Population

24,725

Renter Mix

34% Rent

Delight in small-town pride and big-city opportunities in southern Minnesota

Suburban Historic Riverside Scenic Welcoming Relaxed Affordable Convenient Diverse

Located about 50 miles south of Minneapolis and Saint Paul, Faribault sits at the confluence of the Straight and Cannon Rivers surrounded in lush lake country. Faribault is proud of its historical roots, containing the second largest number of buildings on the National Historic Register in Minnesota, right after Saint Paul. Classic brick buildings contribute an old-world charm to Faribault while housing a wide variety of restaurants, breweries, shops, and entertainment venues.

Recreation is available year round in Faribault, with 39 parks, an outdoor aquatic center, and miles of bike trails in town. Ten lakes sit within ten miles of Faribault as well. Popular activities in and around Faribault include hiking, biking, kayaking, cross-country skiing, snowmobiling, and much more. Situated within an hour’s drive to the Twin Cities, Faribault enjoys the comforts of small town Minnesota with access to the many luxuries of a major metropolitan area. Access to I-35 makes getting around from Faribault simple.

Demographics

Median Household Income

$56,035

Average: $71,410

Education

3,556

Residents Have a Degree

Job Market

10,648

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

39 Years

Largest Age Group

35-44 Years

Approximately 15% of Residents

Under 20

25%

Over 65

18%

Housing Distribution

Faribault has more homeowners than renters.

Renters
34%
Non-Renters
66%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
11%
Other Education
89%

Rent Trends

As of April 2026, the average apartment rent in Faribault, MN is $1,025 for a studio, $1,101 for one bedroom, $1,307 for two bedrooms, and $1,513 for three bedrooms. Apartment rent in Faribault has increased by 3.1% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,101/month
677 Sq Ft
See Rental Market Trends in Faribault, MN

Getting Around

Somewhat Walkable

Walkability

30 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Roosevelt Elementary

Public

Grades PK-5

425 Students

Lincoln Elementary

Public

Grades K-5

445 Students

Jefferson Elementary

Public

Grades PK-5

458 Students

Mn Academy For The Blind

Public

Grades PK-12

43 Students

Focus

Public

Grades 4-12

9 Students

Faribault Middle

Public

Grades 6-8

717 Students

Mn Academy For The Blind

Public

Grades PK-12

43 Students

Falcons Online Academy-Middle School

Public

Grades 6-8

18 Students

Focus

Public

Grades 4-12

9 Students

Laura Baker Sun Program

Public

Grades PK-12

7 Students

Faribault Senior High

Public

Grades 9-12

981 Students

Falcons Online Academy-HS

Public

Grades 9-12

50 Students

Mn Academy For The Blind

Public

Grades PK-12

43 Students

Focus

Public

Grades 4-12

9 Students

Laura Baker Sun Program

Public

Grades PK-12

7 Students

Points of Interest

Parks and Recreation

  • River Bend Nature Center
  • Nerstrand-Big Woods State Park

Top Apartments in Faribault

Houses for Rent in Faribault

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Nearby City Rentals

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.