Cheap Apartments for Rent near Fairmount, IL from $500 (46 Rentals)

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

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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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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705 W Elm St
Studio to 4 Bedroom Apartments

705 W Elm St

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

302 W Locust St

302 W Locust StUrbana, IL 61801
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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832

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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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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106 N gregory
1 Bedroom Apartments

106 N gregory

106 N Gregory StUrbana, IL 61801

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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Showing Results 1-46, Page 1 of 1

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 Brook Haven Apartments priced from $525. The Verander has the second lowest priced unit, which is a 1 Bed apartment currently listed from $732. Here is today’s list of the most affordable Fairmount apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brook Haven ApartmentsStudioStudio,1BA$525
The Verander1Br1BR,1BA$732
2008 S Vawter St4 Beds4BR,2BA$800
Townway Place1 Beds, 1 Baths1BR,1BA$800
The Grove1BR1BR,1BA$816
Prairie Green Apartment Homes2 x 12BR,1BA$850
Town & Country ApartmentsKensington1BR,1BA$875
Urbana Estates2X1Urbana Estates2BR,1BA$900
Eastland ApartmentsStudio ApartmentStudio,1BA$995
Fairlawn Village1 Bedroom Standard1BR,1BA$1,000

Best Value Apartments for Rent in Fairmount, IL and Nearby

As of August 05, 2026 the best value apartment in the Fairmount area is the $1.09 price per square foot 2 Bed 2 Bath Sm Apt Model at Devonshire Village in the starting from $1,206. The second greatest value Fairmount apartment is the 3 Beds Model at 2008 S Vawter St starting at $1,050 with a $0.97 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.
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
2008 S Vawter St3 Beds3BR,1BA$0.97
Campus OaksFloorplan A - Price per person4BR,2BA$0.75
Stone Ridge Square2 Bedroom 1 Bath - 935 SF2BR,1BA$1.29
Parkside2 Bedroom 1 Bath 850 SF Upgrade2BR,1BA$1.42
Urbana Estates2X1Urbana Estates2BR,1BA$1.07
Prairie Green Apartment Homes2 x 12BR,1BA$1.02
The Grove2BR2BR,1BA$1.35
Townway Place1 Beds, 1 Baths1BR,1BA$1.33
The AtriumSingle (shared common area)1BR,1BA$1.33

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!

Explore Fairmount, IL Rentals by Map

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See the most popular apartments and homes in Fairmount, IL

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Frequently Asked Questions about Cheap Fairmount Apartments

What is the Cheapest Studio apartment in Fairmount?

Currently the most affordable Cheap Studio Apartment in Fairmount is at Brook Haven Apartments listed at $525.

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

The lowest price for a Cheap One Bedroom Fairmount Apartment is $717 at Brook Haven Apartments.

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 $800 at Brook Haven Apartments.

What is the most affordable Fairmount Three Bedroom Apartment?

The best deal on a cheap Fairmount Three Bedroom Apartment rental is at Urbana Estates and starts from $1,000.

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.

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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.