Cheap Apartments for Rent in Fairmont, MN from $400 (53 Rentals)

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

property at 401 N Dewey St

$950

2 Bedroom, 1 Bath Rentals

Available Now

401 N Dewey St

FairmontMN56031
property at 910 Hengen St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Now

910 Hengen St

FairmontMN56031
property at 101 Park St N

$700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Townhome for Rent

Available Now

101 Park St N, Unit upper

101 Park St N
Minnesota LakeMN56068

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.

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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980

Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Aug 1

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Utilities Included

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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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Aug 14

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Village Court Apartments
Rent Specials
$1,028 - $1,178
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,028 - $1,178

Total Monthly Price
$1,028 - $1,178
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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  • Customer Reviewed
  • Utilities Included
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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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  • Utilities Included
  • 3D Tour
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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15

Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
$30

Total Monthly Price
$1,080 - $1,330
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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  • Utilities Included
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included
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Tanglewood Estates
1 to 2 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
  • Utilities Included
property at 119 Glenview Ave

$600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

119 Glenview Ave

MankatoMN56001

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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St. James Apartments
1 to 3 Bedroom Apartments

St. James Apartments

131 9th Ave NSt. James, MN 56081
  • Utilities Included
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219 6th St SW
1 to 2 Bedroom Apartments

219 6th St SW

219 6th St SWMadelia, MN 56062
  • Utilities Included
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River Bluff Townhomes
3 to 4 Bedroom Apartments

River Bluff Townhomes

300-302 Highway 71 SJackson, MN 56143
  • Utilities Included
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501 4th St
2 to 3 Bedroom Apartments

501 4th St

501 4th StCourtland, MN 56021
  • Utilities Included
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201 Pilgrim St
1 to 2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
  • Utilities Included
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001

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

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 ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$425
501 W 1st St S2 BED/1 BATH2BR,1BA$600
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
1212 Heckman CtStudioStudio,1BA$750
442 Belgrade AveOne Bedroom1BR,1BA$835
Hartshorn Manor1 Bed, 1 bath1BR,1BA$840
The Shores at Spirit LakeStudio ApartmentStudio,1BA$880
Ashley Estates1 Bedroom - a1BR,1BA$895
Bricelyn PlazaOne bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Tallgrass Village3 Bed 2 Bath Townhome3BR,2BA$1.15
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
1212 Heckman CtStudioStudio ,1BA$0.83
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.66
Hartshorn Manor1 Bed, 1 bath1BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
501 W 1st St S1 BED/1 BATH1BR,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.

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

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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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.