Cheap Apartments for Rent in Fairmount, IL from $500 (52 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

705 W Elm StUrbana, IL 61801
Corporate Housing
  • Utilities Included
close
View Me
302 W Locust St
1 Bedroom Apartments

302 W Locust St

302 W Locust StUrbana, IL 61801
close
View Me
Willow Springs
2 Bedroom Apartments

Willow Springs

1606 Willow View RdUrbana, IL 61802
Furnished
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Fairmount, IL Local Guide

Cheapest Available Fairmount Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fairmount, IL is a Studio unit found at Brookhaven priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Fairmount apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1BR1BR,1BA$783
Town & Country ApartmentsDanbury1BR,1BA$818
University ParkOne Bedroom1BR,1BA$825
Aspen CourtThe Beech1BR,1BA$825
Townway Place1 Beds, 1 Baths1BR,1BA$850
Devonshire Village1 Bed 1 Bath1BR,1BA$900
Parkside2 Bedroom 1 Bath - 850 SF2BR,1BA$1,080
The Whitney ApartmentsCharming 2 Bed, 2 Bath – Perfect for Families o...2BR,2BA$1,294

Best Value Apartments for Rent in Fairmount, IL and Nearby

As of November 06, 2025 the best value apartment in the Fairmount area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Fairmount apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Fairmount apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
200 Vine St2 Bedroom/2.5 bath2BR,2BA$1.07
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Eastland Apartments2 Bedroom2BR,2BA$1.19
Campus OaksFloorplan A - Price per person4BR,2BA$0.65
Parkside2 Bedroom 1 Bath 850 Premium Upgrade2BR,1BA$1.42
University ParkOne Bedroom1BR,1BA$1.14
The Grove2BR2BR,1BA$1.30
Town & Country ApartmentsBrentwood1BR,1BA$1.50
Townway Place1 Beds, 1 Baths1BR,1BA$1.42
The AtriumSingle (shared common area)1BR,1BA$1.33

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Fairmount, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Fairmount, IL

View Map
Fairmount, IL Apartments Map
View Map
Fairmount, IL Rental Homes Map

Getting Around Fairmount, IL

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fairmount Apartments

How much is rent for a Cheap One Bedroom Fairmount Apartment?

The lowest price for a Cheap One Bedroom Fairmount Apartment is $650 at Brookhaven.

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

Today's best deal for a Cheap Two Bedroom Apartment in Fairmount is starting from $725 at Brookhaven.

What is the most affordable Fairmount Three Bedroom Apartment?

The best deal on a cheap Fairmount Three Bedroom Apartment rental is at Brookhaven and starts from $975.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.