5+ Days Ago
Location
123 Downtown Plz, Fairmont, MN 56031, USA
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Management
elitepropertiesmnllc.managebuilding.com
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Property Overview
123 Downtown Plaza features an impressive overall expert rating of 8.3, with a perfect price rating reflecting its strong value proposition. Residents can enjoy a well-rounded living experience, highlighted by excellent amenities, a prime location, and transparency in management, all contributing to elevated quality of life. With an array of visuals available, this property ranks in the top percentile for value for money in the area, making it a standout choice for prospective renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Images Available
Floor plans
| 123 Downtown Plaza - 4 | 1 bed | 1 bath | 650 sqft | $600 /mo | |||
| 123 Downtown Plaza - B | 2 bed | 1 bath | 699 sqft | $650 /mo |
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Policies and fees
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About 123 Downtown Plaza
123 Downtown Plaza cost $600–$650 per month. Located at 123 Downtown Plz, Fairmont, MN 56031, USA, 123 Downtown Plaza has 1 — 2 bedroom units available.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 123 Downtown Plaza is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 123 Downtown Plaza has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
123 Downtown Plaza offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 123 Downtown Plaza is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
123 Downtown Plaza is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 123 Downtown Plaza does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
123 Downtown Plaza provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 123 Downtown Plaza compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
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Rent trends in Fairmont
1-bedroom apartments here are priced 23% lower than 1-bedrooms in Fairmont.
Median rents as of Jul 12 2025.
Fairmont
| Month | Median Rent |
|---|---|
| September 2024 | $600 |
| October 2024 | $600 |
| November 2024 | $600 |
| January 2025 | $600 |
| February 2025 | $600 |
| March 2025 | $600 |
| May 2025 | $625 |
| June 2025 | $775 |
| July 2025 | $775 |
Affordability calculator
Can I afford to live at 123 Downtown Plz?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$24,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $24,000 annually to afford this 1-bedroom monthly rent price of $600.
For more information on rent affordability, visit our rent calculator.
Schools near 123 Downtown Plaza
Fairmont Elementary School
714 victoria st ste 101
fairmont, MN, 56031
PK, K-6Public
B-
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Internet available near 123 Downtown Plaza
Getting around Fairmont near 123 Downtown Plz
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 123 Downtown Plz, Fairmont
Groceries
4/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 20-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Nightlife
4/10
Few or no bars within walking distance
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- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry