4

Fairfield, IA Homes for Rent

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  • /10

    $410 Per Month

    • 1 Bed
    • 1 Bath
    • 192 Sq Ft
    • House for Rent

    200 N 28th St, Fairfield, IA 52556

    Property Id: 2830634 Affordable RV Opportunity! Looking for a simple and affordable place to stay? This RV unit at 200 N 28th St. Lot 21, Fairfield, IA 52556 features a 192 sq. ft. layout and is available for purchase at $5,000. This home is located in a friendly community with amenities including playground, dog park, and covered picnic area. Sheds are optional and available for rent

    200 N 28th St, Fairfield, IA 52556
  • /2

    $575 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    505 1/2 W Broadway Ave Unit 2, Fairfield, IA 52556

    Completely renovated upstairs apartment. All new kitchen, bathroom, new carpet, and windows. Street parking only. No Animals/Pets allowed.

    505 1/2 W Broadway Ave Unit 2, Fairfield, IA 52556
  • /8

    $749 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    56 E Burlington Ave Unit . 02, Fairfield, IA 52556

    Spacious one bedroom/ one bathroom located ideally within downtown Fairfield. Unit features granite countertops along with a washer and dryer within the kitchen. The bathroom has recently been refurnished, featuring a gorgeous vanity, deep cabinet space, as well as a new tile tub/shower combo. Beautiful views come standard with this space, as well as the lovely convenience of being walking

    56 E Burlington Ave Unit . 02, Fairfield, IA 52556
  • /11

    $900 Per Month

    • Studio
    • 1 Bath
    • 1,432 Sq Ft
    • Townhouse for Rent

    602 W Burlington Ave, Fairfield, IA 52556

    COMMERCIAL PROPERTY for LEASE in Fairfield! Busy Central Location Video Walk through: $900/mo Includes Water/Trash Tenant pays Electric and Heat Low Cost Wireless Internet Available Rear and Front Entrances Reception Area Private parking area Forced Heat/Central Air Conference Room Apply Here: $900/mo, Deposit the Same, + Last

    602 W Burlington Ave, Fairfield, IA 52556

Why Live in Fairfield

Fairfield, located in southeast Iowa, is a culturally diverse community with a strong foundation in financial services, education, healthcare, and manufacturing. The city is known for its sustainability efforts, including a significant solar field at Maharishi International University. Downtown Fairfield features a variety of international dining options and unique shops, reflecting the town's dynamic nature. The city’s architecture ranges from early-1900s bungalows and folk-style homes to modern Vastu homes. Fairfield hosts several attractions, such as the Fairfield First Fridays Art Walk and the Fairfield Arts and Convention Center, which includes the Stephen Sondheim Theater for the Performing Arts. The Fairfield Loop Trail offers 16 miles of gravel paths connecting various parks, including Waterworks Park with its large swimming hole, Bonnifield Lake. Fairfield residents primarily rely on cars for transportation, with the nearest Amtrak stations 20 miles away in Ottumwa and Mount Pleasant. The city is over 100 miles from both Quad Cities International Airport and Des Moines International Airport. Despite past tensions between different community groups, Fairfield has evolved into a harmonious and integrated community.

Frequently Asked Questions

How much does it cost to rent a home in Fairfield, IA?
The median rent for a home in Fairfield, IA is $900 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Fairfield, IA?
To comfortably afford the median rent in Fairfield, IA, a household needs to earn roughly $36,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $900 per month in Fairfield, IA, renters typically need to show $2,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Fairfield, IA?
In Fairfield, IA, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$900
Median Single Family Home Rent
$959
Median Condo Rent
$662
How to Rent a Home