Rentometer, Inc. | Data as of 10/23/2025
Faribault‑Northfield offers a balanced rental market that blends historic charm with vibrant college‑town energy. In Faribault, the revitalized downtown corridor and proximity to the state university provide easy access to cultural events, local eateries, and multiple parks along the Cannon River. Northfield, home to Carleton College and St. Olaf College, features a walkable town center, boutique shops, and scenic trails that attract both students and professionals. The area’s mix of historic homes and modern apartments gives renters a variety of housing styles, from cozy single‑family houses to contemporary multi‑unit complexes, all nestled within a welcoming Metro community.
Renters can expect studio apartments to average around $1250, with a median near $1330, while one‑ and two‑bedroom units typically fall in the $1200‑$1500 range, and larger three‑bedroom apartments often command prices in the $1500‑$1600 bracket. The market’s diversity supports a range of lifestyles, whether you’re seeking a quiet residence near the Rice Lake area, easy commuter routes along Highway 3, or a lively environment close to campus events and downtown entertainment. With its blend of affordable options, convenient amenities, and strong community vibe, Faribault‑Northfield remains an attractive destination for renters looking to enjoy the best of Minnesota’s Metro living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,250 | $1,320 | $1,000 - $1,425 | $1,040 - $1,400 |
| Apartment | 1 Bedroom | $1,254 | $1,200 | $900 - $1,700 | $1,100 - $1,395 |
| Apartment | 2 Bedroom | $1,459 | $1,462 | $935 - $2,000 | $1,300 - $1,700 |
| Apartment | 3 Bedroom | $1,587 | $1,550 | $870 - $2,300 | $1,250 - $1,900 |
In the current period, the average rent in Faribault-Northfield, MN was
$1,251 for Studio,
$1,262 for 1 Bedroom,
$1,460 for 2 Bedroom, and
$1,636 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.