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Fairmont, MN House for Rent

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    $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

Frequently Asked Questions

How much does it cost to rent a single-family home in Fairmont, MN?
The median rent for a single-family home in Fairmont, MN is $810 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 $34,400 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 $860 per month in Fairmont, MN, renters typically need to show $2,580 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 17.7, 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 Fairmont, MN

Rental Home Trends

Number of Houses for Rent
1
Median Single Family Home Rent
$810
How to Rent a Home