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Newest Homes for Rent in Fairfield, IA

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    $691 Per Month

    • 2 Beds
    • 1.5 Baths
    • 728 Sq Ft
    • House for Rent

    200 N 28th St, Fairfield, IA 52556

    Property Id: 2362557TAX SEASON IS HERE! Ask about our limited-time special and receive up to $4,000 toward your purchase. (Incentive equals up to 5% of the sale price, varies by home. Terms and restrictions apply.)Affordable Home Opportunity! Looking for a budget-friendly option? This home at 200 N 28th St #8, Fairfield, IA 52556 is priced at $22,650, with financing available.

    200 N 28th St, Fairfield, IA 52556
  • /4

    $895

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,450 Sq Ft
    • Condo for Rent

    105 N 5th St Unit 101, Fairfield, IA 52556

    Two bedroom, 1 bath furnished apartment for rent. Nice quite neighborhood, close to the university, schools, square and other amenities.

    105 N 5th St Unit 101, Fairfield, IA 52556
  • /4

    $550

    Total Monthly Price

    • Studio
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    302 W Washington Ave Unit C, Fairfield, IA 52556

    302 W Washington Ave Unit C, Fairfield, IA 52556

Frequently Asked Questions

How much does it cost to rent a home in Fairfield, IA?
The median rent for a home in Fairfield, IA is $691 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 are currently more expensive.
How much do you need to make to afford rent in Fairfield, IA?
To comfortably afford the median rent in Fairfield, IA, a household needs to earn roughly $27,640 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 $691 per month in Fairfield, IA, renters typically need to show $2,073 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, IA?
In Fairfield, IA, the price-to-rent ratio is 21.4, 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, IA

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$691
Median Single Family Home Rent
$691
Median Condo Rent
$723
How to Rent a Home