What's the average rent in Fairmont, MN?
Rental Market Trends in Fairmont, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Fairmont, MN is $775 per month, which is 59% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$775
13.6%$93 increase month-over-month
24.0%$150 increase year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Fairmont, MN at $636 per month, while townhomes are the most expensive at $1,100 per month. Houses average $1,050 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $590 |
| 2 Bedrooms | $682 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | — |
| All | $682 |
As of May 2026, the average rent for a 1 bedroom rental in Fairmont, MN is $590 per month, followed by $682 for a 2 bedroom rental, and $1,100 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | — |
| All | $1,100 |
As of May 2026, the average rent for a 3 bedroom townhome in Fairmont, MN is $1,100 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $590 |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $590 |
As of May 2026, the average rent for a 1 bedroom apartment in Fairmont, MN is $590 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +11% compared to the previous year, which is a +$75 increase.
This year (2026)
Last year (2025)
Rent distribution
63% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $590 to $1,200.
