
Cheap Apartments for Rent in Fairmont, MN from $400 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Fairmont.


910 Hengen St

Pheasant Run Apartments

Fairmont Square Apartments

501 W 1st St S

101 Park St N, Unit upper

Eytcheson Estates Sherburn

Eytcheson Estates Welcome

Tallgrass Village

1212 Heckman Ct
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.

442 Belgrade Ave

Hartshorn Manor

Deer Creek Apartments

Total Monthly Price
Highland Hills Apartments

Glenwood Terrace

The Shores at Spirit Lake

Ashley Estates

Valley View Apartments

Bricelyn Plaza

Kee Valley Apartments
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.

Cypress Pointe Emmetsburg

Cherry Ridge Apartments

Irish Hospital Apartments

Trimont Square Apartments

Total Monthly Price
The Grove at Mankato

Windom Landing - Under New Management

Huntington Hills Apartments & Townhomes

Commerce Apartments

Sleepy Eye Apartments Homes

Southwood Flats
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.

Total Monthly Price
Village Court Apartments

Gray Hawk Apartments

Total Monthly Price
Hoover Estates

Total Monthly Price
Woodside Apartments

Cherry Square

Total Monthly Price
The Edge Apartments

Burt 18-(Countryside Properties)

Lewis Lofts

Tanglewood Estates

119 Glenview Ave
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.

Meadow Bloom Apartments

Milwaukee Manor Apartments

Blue Ridge Apartments & Townhomes

101 N Mill St

St. James Apartments

219 6th St SW

River Bluff Townhomes

501 4th St

201 Pilgrim St

325 E Washington St
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.
Fairmont, MN Local Guide

How much does it cost to rent an apartment in Fairmont?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairmont Studio Apartments | $923 | $750 | $1,315 |
| Fairmont 1 Bedroom Apartments | $1,202 | $665 | $2,155 |
| Fairmont 2 Bedroom Apartments | $1,332 | $695 | $2,150 |
| Fairmont 3 Bedroom Apartments | $1,613 | $1,230 | $2,095 |
| Fairmont 4 Bedroom Apartments | $1,121 | $975 | $1,980 |
Browse Top Apartments in Fairmont
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Fairmont, MN Local Guide
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Cheapest Available Fairmont Apartments for Rent and Nearby
 The cheapest available apartment rental in Fairmont, MN is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. 501 W 1st St S has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Fairmont apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $425 |
| 501 W 1st St S | 2 BED/1 BATH | 2BR,1BA | $600 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $701 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $701 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $840 |
| The Shores at Spirit Lake | Studio Apartment | Studio,1BA | $880 |
| Ashley Estates | 1 Bedroom - a | 1BR,1BA | $895 |
| Bricelyn Plaza | One bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Fairmont, MN and Nearby
As of July 30, 2026 the best value apartment in the Fairmont area is the $1.15 price per square foot 3 Bed 2 Bath Townhome Model at Tallgrass Village in the starting from $1,665. The second greatest value Fairmont apartment is the 2 Bedroom - Lower Level ADA Model at Windom Landing starting at $975 with a $0.89 price per square foot . Here is today’s list of the best values for Fairmont apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tallgrass Village | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.15 |
| Windom Landing | 2 Bedroom - Lower Level ADA | 2BR,2BA | $0.89 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Trimont Square Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.66 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $1.12 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $0.93 |
| 501 W 1st St S | 1 BED/1 BATH | 1BR,1BA | $0.84 |
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 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 Fairmont, MN Rentals by Map
See the most popular apartments and homes in Fairmont, MN
Frequently Asked Questions about Cheap Fairmont Apartments
What is the Cheapest Studio apartment in Fairmont?
Currently the most affordable Cheap Studio Apartment in Fairmont is at 1212 Heckman Ct listed at $750.
How much is rent for a Cheap One Bedroom Fairmont Apartment?
The lowest price for a Cheap One Bedroom Fairmont Apartment is $425 at Burt 18-Unit (Countryside Properties).
What is the lowest price for a Cheap Two Bedroom Fairmont Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fairmont is starting from $600 at 501 W 1st St S.
What is the most affordable Fairmont Three Bedroom Apartment?
The best deal on a cheap Fairmont Three Bedroom Apartment rental is at Ashley Estates and starts from $1,230.
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.

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.

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.

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.