Cheap Apartments for Rent near Fairmont City, IL from $500 (94 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fairmont City.

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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11th and Spruce
Rent Specials
$1,186 - $2,991
Total Monthly Price

Total Monthly Price

Base Rent
$1,186 - $2,991
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

11th and Spruce

1014 Spruce StSt. Louis, MO 63102
Student Housing
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  • Customer Reviewed
property at 5415 Dresden Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Home for Rent

Available Now

5415 Dresden Ave

St. LouisMO63116

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 701 N 1st St

$1,204 - $1,764

1 To 2 Bedroom Rentals

Available Now

701 N 1st St

St. LouisMO63102
property at 618 N 2nd St

$1,266 - $1,480

1 Bedroom Rentals

Available Now

618 N 2nd St

St. LouisMO63102

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.

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Showing Results 1-50, Page 1 of 2

Fairmont City, IL Local Guide

Cheapest Available Fairmont City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairmont City, IL is a 1 Bed unit found at Collins Terrace Apartments in the Lafayette Square neighborhood priced from $641. Downtowner Apartments in the Lafayette Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Fairmont City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Collins Terrace Apartments1 Bedroom Small1BR,1BA$641
Downtowner ApartmentsStudioStudio,1BA$775
Parsons Place2 Bdrm Garden, 885 SqFt, Tax Credit, 40% AMI2BR,1BA$801
Preservation Square1 Bdrm Garden, 669 SqFt, Tax Credit, 60% AMI1BR,1BA$850
The Gentrys Landing ApartmentsStudio UnfurnishedStudio,1BA$855
Grace Lofts1 Bed 1 Bath1BR,1BA$950
The Ely Walker Lofts1 Bedroom | 1 Bathroom2BR,1BA$950
The ShelbyPapinStudio,1BA$965

Best Value Apartments for Rent in Fairmont City, IL and Nearby

As of July 09, 2026 the best value apartment in the Fairmont City area is the $0.94 price per square foot 1101 Lucas Ave Model at 1101 Lucas Ave, Unit #200 in the in the Lafayette Square neighborhood starting from $3,100. The second greatest value Fairmont City apartment is the 2 Bedroom 2 Bath Model at Roberts Galerie Lofts starting at $1,500 with a $0.80 price per square foot in the Lafayette Square neighborhood. Here is today’s list of the best values for Fairmont City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1101 Lucas Ave, Unit #2001101 Lucas Ave1BR,1BA$0.94
Roberts Galerie Lofts2 Bedroom 2 Bath2BR,2BA$0.80
Vangard LoftsBee Hat B62BR,2BA$0.98
Pointe 400 ApartmentsOne Bedroom1BR,1BA$1.02
Fashion Square IB12BR,1BA$1.15
Syndicate BuildingStabdard 1BR1BR,1BA$1.11
Leather TradesOne Bedroom Loft1BR,1BA$1.00
Grace Lofts1 Bed 1 Bath1BR,1BA$1.02
Preservation Square2 Bdrm Garden, 889 SqFt, Tax Credit, 60% AMI2BR,1BA$1.12
1728 Saint Louis Ave, Unit 17281728 Saint Louis Ave2BR,1BA$1.07

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Fairmont City Apartments

What is the Cheapest Studio apartment in Fairmont City?

Currently the most affordable Cheap Studio Apartment in Fairmont City is at Downtowner Apartments listed at $775.

How much is rent for a Cheap One Bedroom Fairmont City Apartment?

The lowest price for a Cheap One Bedroom Fairmont City Apartment is $641 at Collins Terrace Apartments.

What is the lowest price for a Cheap Two Bedroom Fairmont City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fairmont City is starting from $784 at Collins Terrace Apartments.

What is the most affordable Fairmont City Three Bedroom Apartment?

The best deal on a cheap Fairmont City Three Bedroom Apartment rental is at Parsons Place and starts from $1,411.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.