4

Fairfield, IA Homes for Rent

Section Image
  • /15

    $1,344 Per Month

    • 3 Beds
    • 2 Baths
    • 1,152 Sq Ft
    • House for Rent

    200 N 28th St, Fairfield, IA 52556

    Property Id: 2615073Affordable Home Opportunity! Looking for a modern home with plenty of space? This 3-bedroom, 2-bath home at 200 N 28th St. Lot 19, Fairfield, IA 52556 features a spacious 24x48 layout and is priced at $75,000. Estimated monthly payment is $1,344 with an estimated down payment of $3,750. This community offers a playground, dog park, and covered picnic area.

    200 N 28th St, Fairfield, IA 52556
  • /6

    $850

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    703 W Briggs Ave Unit W Briggs Duplex, Fairfield, IA 52556

    This unit is a 2 bedroom 1 bath, duplex apartment.

    703 W Briggs Ave Unit W Briggs Duplex, Fairfield, IA 52556
  • /4

    $895

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,450 Sq Ft
    • Condo for Rent

    105 N 5th St Unit 101, Fairfield, IA 52556

    Two bedroom, 1 bath furnished apartment for rent. Nice quite neighborhood, close to the university, schools, square and other amenities.

    105 N 5th St Unit 101, Fairfield, IA 52556
  • /8

    $699 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

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

    56 E Burlington Ave Unit . 02, 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 $872 per month, though prices vary by neighborhood, size, and property type. As of July 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 $34,880 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 $872 per month in Fairfield, IA, renters typically need to show $2,616 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 16.5, 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
$872
Median Single Family Home Rent
$1,344
Median Condo Rent
$850
How to Rent a Home