
Cheap Homes for Rent near Fairbank, IA from $600 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Fairbank.


251 Madison St

263 Madison St

221 Madison St

348 Lamont St

406 Gable St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

525 Hope Ave

415 Adams St

816 5th Ave NE

121 Butler Ave

414 Randall St

212 Reed St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

547 Reed St

716 Fowler St

12 6th Ave NE

622 Keystone St

401 Charles St

720 W 9th St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

413 Hope Ave

136 Ricker St

1720 Logan Ave

912 3rd St SW

310 N Frederick Ave

308 Birdland Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

714 2nd Ave NW
Fairbank, IA Local Guide

How much does it cost to rent a home in Fairbank?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairbank 2 Bedroom Homes for Rent | $818 | $550 | $1,500 |
| Fairbank 3 Bedroom Homes for Rent | $999 | $795 | $1,250 |
| Fairbank 4 Bedroom Homes for Rent | $1,233 | $900 | $1,600 |
| Fairbank 5 Bedroom Homes for Rent | $1,312 | $1,250 | $1,375 |
Browse Top Homes for Rent in Fairbank
Explore Fairbank
Fairbank, IA Local Guide
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Cheapest Available Fairbank Apartments for Rent and Nearby
 The cheapest available apartment rental in Fairbank, IA is a 4 Beds unit found at The Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $299. The Meadows Apartments in the Southlawn Court neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $620. Here is today’s list of the most affordable Fairbank apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences on College Hill | 4 Bed 1 Bath-W/D In Unit | 4BR,1BA | $299 |
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $620 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| 228 Spaces | 2nd Floor Studio | Studio,1BA | $795 |
| Brentwood Estates Apartments | Brentwood Unfurnished | 1BR,1BA | $795 |
Best Value Apartments for Rent in Fairbank, IA and Nearby
As of September 07, 2026 the best value apartment in the Fairbank area is the $0.46 price per square foot Private Bedroom in 4 Bed/2 Bath Student Apt Model at Elevate Apartments in the starting from $525. The second greatest value Fairbank apartment is the 1st Month Free Model at Riverwalk Residences starting at $1,250 with a $1.19 price per square foot in the Downtown Waterloo neighborhood. Here is today’s list of the best values for Fairbank apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Elevate Apartments | Private Bedroom in 4 Bed/2 Bath Student Apt | 4BR,2BA | $0.46 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| Prairie Rapids | 2bed/1bath | 2BR,1BA | $1.15 |
| Pineview Place Apartments | Prime Waterloo Living: 2-Bedroom / 1-Bath Apart... | 2BR,1BA | $1.05 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| The Residences on College Hill | 4 Bed 1 Bath-W/D In Unit | 4BR,1BA | $0.33 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $1.16 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $1.03 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fairbank, IA Rentals by Map
See the most popular apartments and homes in Fairbank, IA
Frequently Asked Questions about Fairbank
What type of rentals are currently available in Fairbank?
There are currently 57 Apartments for Rent in Fairbank, IA with pricing that ranges from $620 to $2,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairbank ranging from $550 to $1,600.
What is the current price range for Rental Homes in Fairbank?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairbank ranges from $550 to $1,600 with an average monthly rent of $962.
How much are larger Three and Four Bedroom Rentals in Fairbank?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairbank range from $850 to $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $1,250. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,100.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.