3

Newest Homes for Rent in Fairmont, MN

Section Image
  • 900 Hengen St Unit 202, Fairmont, MN 56031
    900 Hengen St Unit 202, Fairmont, MN 56031
    900 Hengen St Unit 202, Fairmont, MN 56031
    /14

    $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
  • 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
  • 77 Downtown Plaza, Fairmont, MN 56031
    77 Downtown Plaza, Fairmont, MN 56031
    77 Downtown Plaza, Fairmont, MN 56031
    /10

    $1,200

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,400 Sq Ft
    • House for Rent

    77 Downtown Plaza, Fairmont, MN 56031

    Fully Furnished Apartment for Rent- Downtown Fairmont. Move-in ready and perfectly located! This beautifully remodeled apartment features: One large bedroom. Open-concept kitchen and living area. In-unit washer and dryer. Off-street parking and a private one-stall garage. Updated within the last 5 years. Located in the heart of downtown Fairmont- walk to shops, restaurants, and more! Perfect for

    77 Downtown Plaza, Fairmont, MN 56031
Minnesota Martin County

Newest Homes for Rent in Fairmont, MN

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 $1,000 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 while condos 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 $40,000 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 $1,000 per month in Fairmont, MN, renters typically need to show $3,000 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 15.2, 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 3 homes available for rent in Fairmont, MN. The median rent is $1,000 per month, with single-family homes renting at $760 and condos at $1,000.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,000
Median Single Family Home Rent
$760
Median Condo Rent
$1,000
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group