5

Fairmont, MN Homes for Rent

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  • 900 Hengen St Unit 202, Fairmont, MN 56031
    900 Hengen St Unit 202, Fairmont, MN 56031
    900 Hengen St Unit 202, Fairmont, MN 56031
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    $1,000 Per Month

    • 3 Beds
    • 1 Bath
    • 850 Sq Ft
    • Apartment for Rent

    900 Hengen St Unit 202, Fairmont, MN 56031

    Pheasant Run Apartments has 3-bedroom apartments available. Rent is based on 30% gross monthly household income. Rent for a 3-bedroom apartment ranges from $790-1000 plus a Security Deposit of $790. Rental Assistance may be available for qualified applicants. HEAT, water, sewer, and garbage are included in the rent. Amenities include off-street parking, on-site laundry facilities, and lawn

    Sara Wolhers Van Binsbergen & Associates LLC

    900 Hengen St Unit 202, Fairmont, MN 56031
  • 924 E 1st St, Fairmont, MN 56031
    924 E 1st St, Fairmont, MN 56031
    924 E 1st St, Fairmont, MN 56031
    /28

    $950

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,300 Sq Ft
    • House for Rent

    924 E 1st St, Fairmont, MN 56031

    For Rent:Single family home detached 1 stall garage $950* per month Tenant pays all utilities2 bedrooms1 bathroomUnfinished basement1300 sq ftWindow AC, stove, refrigeratorWasher and dryer hook-ups1 stall garage (detached)1 pet allowed with an additional pet deposit of $950No smokingRequirements:$950 dollar deposit (plus $950 pet deposit if

    924 E 1st St, Fairmont, MN 56031
  • 910 Hengen St Unit 402, Fairmont, MN 56031
    910 Hengen St Unit 402, Fairmont, MN 56031
    910 Hengen St Unit 402, Fairmont, MN 56031
    /12

    $1,000 Per Month

    • 3 Beds
    • 1 Bath
    • 850 Sq Ft
    • Apartment for Rent

    910 Hengen St Unit 402, Fairmont, MN 56031

    Pheasant Run Apartments has 3-bedroom apartments available. Rent is based on 30% gross monthly household income. Rent for a 3-bedroom apartment ranges from $790-1000 plus a Security Deposit of $790. Rental Assistance may be available for qualified applicants. HEAT, water, sewer, and garbage are included in the rent. Amenities include off-street parking, on-site laundry facilities, and lawn

    Sara Wolhers Van Binsbergen & Associates LLC

    910 Hengen St Unit 402, Fairmont, MN 56031
  • 1205 Victoria St Unit 213, Fairmont, MN 56031
    1205 Victoria St Unit 213, Fairmont, MN 56031
    1205 Victoria St Unit 213, Fairmont, MN 56031
    /21

    $825 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Apartment for Rent

    1205 Victoria St Unit 213, Fairmont, MN 56031

    Fairmont Square Apartments currently has 2-bedroom Tax Credit as well as Market Rate apartments available for rent. Rent for a 2-bedroom is $825. The Security Deposit is equal to 1 full month's rent. Heat, electricity, water, sewer, and garbage are included in the rent. There is an A/C charge during the months of May-September of $40/month for 1 and 2 bedroom apartments. This property features

    Sara Wolhers Van Binsbergen & Associates LLC

    1205 Victoria St Unit 213, Fairmont, MN 56031
  • 1205 Victoria St Unit 312, Fairmont, MN 56031
    1205 Victoria St Unit 312, Fairmont, MN 56031
    1205 Victoria St Unit 312, Fairmont, MN 56031
    /21

    $825 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Apartment for Rent

    1205 Victoria St Unit 312, Fairmont, MN 56031

    Fairmont Square Apartments will have a 2-bedroom apartment available for rent in September. Rent for a 2-bedroom is $825. The Security Deposit is equal to 1 full month's rent. Heat, electricity, water, sewer, and garbage are included in the rent. There is an A/C charge during the months of May-September of $40/month for 1 and 2 bedroom apartments. This property features numerous amenities

    Sara Wolhers Van Binsbergen & Associates LLC

    1205 Victoria St Unit 312, Fairmont, MN 56031
Minnesota Martin County Fairmont

Homes for Rent in Fairmont, MN

Why Live in Fairmont

Fairmont, located in rural southern Minnesota, is known for its lakeside lifestyle and strong agricultural economy. The city features a connected lake system that offers ample opportunities for swimming, boating, and water skiing, making waterfront recreation a central part of life. Fairmont's economy is bolstered by agricultural production and manufacturers like Fairmont Foods and 3M. Downtown revitalization efforts are underway, enhancing the city's amenities and quality of life. Housing options include various styles from the early 20th century to the early 2000s, with ranch-style and Minimal Traditional properties being common. The White Ridge Trail development is introducing new twin homes to the southern end of the city. Fairmont maintains 400 acres of parkland with playgrounds, sports fields, and disc golf courses, providing numerous things to do for residents. Dining often revolves around the lakes, with local favorites like Channel Inn offering burgers and beer on an outdoor patio overlooking Hall Lake. Downtown Fairmont features consignment shops, jewelry stores, diverse hometown restaurants, and the Fairmont Opera House. The Fairmont Area School District is highly rated, with a focus on STEM learning. Annual events include the Martin County Fair, Interlaken Heritage Days, a fishing tournament, a triathlon, and Fourth of July fireworks. Prairie Lakes Transit operates fixed bus routes, while Interstate 90 and Route 15 provide regional connectivity. The Mayo Clinic Fairmont Hospital offers comprehensive medical services. Crime rates in Fairmont are trending down, with a significant decrease in overall crime and narcotic-related offenses since 2018.

Learn more about living in Fairmont

Frequently Asked Questions

How much does it cost to rent a home in Fairmont, MN?
The median rent for a home in Fairmont, MN is $905 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 and townhouses are currently more expensive.
How much do you need to make to afford rent in Fairmont, MN?
To comfortably afford the median rent in Fairmont, MN, a household needs to earn roughly $36,200 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 $905 per month in Fairmont, MN, renters typically need to show $2,715 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 Fairmont, MN?
In Fairmont, MN, the price-to-rent ratio is 16.8, 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 Fairmont, MN

There are currently 5 homes available for rent in Fairmont, MN. The median rent is $905 per month, with single-family homes renting at $810, townhouses at $1,050 and condos at $825.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$905
Median Single Family Home Rent
$810
Median Townhouse Rent
$1,050
Median Condo Rent
$825
How to Rent a Home

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