4

Fairfield, IA Homes for Rent

Section Image
  • /12

    $691 Per Month

    • 2 Beds
    • 1.5 Baths
    • 728 Sq Ft
    • House for Rent

    200 N 28th St, Fairfield, IA 52556

    Property Id: 2362557TAX SEASON IS HERE! Ask about our limited-time special and receive up to $4,000 toward your purchase. (Incentive equals up to 5% of the sale price, varies by home. Terms and restrictions apply.)Affordable Home Opportunity! Looking for a budget-friendly option? This home at 200 N 28th St #8, Fairfield, IA 52556 is priced at $22,650, with financing available.

    (816) 895-6437

    200 N 28th St, Fairfield, IA 52556
  • /4

    $550

    Total Monthly Price

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

    302 W Washington Ave Unit C, Fairfield, IA 52556

    302 W Washington Ave Unit C, 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
  • /7

    $799 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1851 St Francis Ct Unit . 02, Fairfield, IA 52556

    1851 St Francis Ct 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 $691 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos 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 $27,640 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 $691 per month in Fairfield, IA, renters typically need to show $2,073 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 21.3, 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 in Fairfield, IA

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$691
Median Single Family Home Rent
$691
Median Condo Rent
$723
How to Rent a Home