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Newest Homes for Rent in Fairfield, IL

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  • 505 NW 7th St, Fairfield, IL 62837
    505 NW 7th St, Fairfield, IL 62837
    505 NW 7th St, Fairfield, IL 62837
    /9

    $750 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    505 NW 7th St, Fairfield, IL 62837

    Property Id: 2792398 2 Bedroom, 1 Bath Single-Family Home for Rent in Fairfield, IL Available September 1, 2026! This charming 2-bedroom, 1-bath single-family home is located in Fairfield, IL, and features a fenced-in yard, detached garage, and private driveway. The home is conveniently located near local parks and offers comfortable living with included appliances and

    505 NW 7th St, Fairfield, IL 62837
  • 1200 SW 6th St, Fairfield, IL 62837
    1200 SW 6th St, Fairfield, IL 62837
    1200 SW 6th St, Fairfield, IL 62837
    /20

    $875 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • House for Rent

    1200 SW 6th St, Fairfield, IL 62837

    Property Id: 2710098 Why keep renting when you could own? This home offers: • Affordable monthly payment • Move in right away • No traditional bank financing required • A chance to build ownership instead of paying rent Perfect for someone ready to take the next step toward owning a home but who may not qualify for a traditional mortgage. Opportunities like

    1200 SW 6th St, Fairfield, IL 62837
Illinois Wayne County

Newest Homes for Rent in Fairfield, IL

Frequently Asked Questions

How much does it cost to rent a home in Fairfield, IL?
The median rent for a home in Fairfield, IL is $875 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Fairfield, IL?
To comfortably afford the median rent in Fairfield, IL, a household needs to earn roughly $35,000 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 $875 per month in Fairfield, IL, renters typically need to show $2,625 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, IL?
In Fairfield, IL, the price-to-rent ratio is 7.4, 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 Trends in Fairfield, IL

There are currently 2 homes available for rent in Fairfield, IL. The median rent is $875 per month, with single-family homes renting at $875.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$875
Median Single Family Home Rent
$875
How to Rent a Home

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