About This Property
Fairmont Square Apartments comprises 64 units in Fairmont, Minnesota, with 35 units designated as low-income housing. The property was placed in service in 2007 and includes 19 one-bedroom units, 39 two-bedroom units, and 6 three-bedroom units. Fairmont Square Apartments is financed through tax-exempt bonds and receives 4% LIHTC credits.
Waitlist Information
Waitlist managed by Housing and Redevelopment Authority of Fairmont, Minnesota
The FHRA has a preference for senior or disabled applicants. Eligibility is based on annual gross income, qualifying as elderly, a person with a disability, or as a family, and U.S. citizenship or eligible immigration status.
No current information found for an open waitlist.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Martin County, MN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $624 |
| 1 Bedroom | $700 |
| 2 Bedroom | $920 |
| 3 Bedroom | $1,221 |
| 4 Bedroom | $1,225 |
Income Limits - Martin County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,650
- Very Low (50%)
- $26,100
- Low (80%)
- $41,750
- Extremely Low (30%)
- $17,900
- Very Low (50%)
- $29,800
- Low (80%)
- $47,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,550
- Low (80%)
- $53,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,250
- Low (80%)
- $59,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,250
- Low (80%)
- $64,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,200
- Low (80%)
- $73,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,650 | $26,100 | $41,750 |
| 2 Persons | $17,900 | $29,800 | $47,700 |
| 3 Persons | $21,960 | $33,550 | $53,650 |
| 4 Persons | $26,500 | $37,250 | $59,600 |
| 5 Persons | $31,040 | $40,250 | $64,400 |
| 6 Persons | $35,580 | $43,250 | $69,150 |
| 7 Persons | $40,120 | $46,200 | $73,950 |
| 8 Persons | $44,660 | $49,200 | $78,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fairmont, MN?+
The Fair Market Rent (FMR) for Martin County, MN is: $624 (Studio), $700 (1BR), $920 (2BR), $1221 (3BR), $1225 (4BR). Actual rent at subsidized properties like Fairmont Square Apartments is typically 30% of household income or less.
What size apartments are available at Fairmont Square Apartments?+
Fairmont Square Apartments offers the following unit types: 19 One-Bedroom, 39 Two-Bedroom, 6 Three-Bedroom units, for a total of 64 units.
Is there a waitlist for Fairmont Square Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Martin County, MN?+
For a 4-person household in Martin County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,250, Low Income (80% AMI): $59,600. These limits are set by HUD and updated annually.
How do I apply for housing at Fairmont Square Apartments?+
Fairmont Square Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Fairmont Square Apartments?+
Fairmont Square Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Fairmont, MN?+
Based on Fair Market Rent for Martin County, the estimated price range is: 1-bedroom: $700, 2-bedroom: $920, 3-bedroom: $1221. Actual rent at Fairmont Square Apartments may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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