Zumper
modified
5+ Days Ago

Location

123 Downtown Plz, Fairmont, MN 56031, USA
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Contact

Management

elitepropertiesmnllc.managebuilding.com

Leasing office

(844) 243-9393 ext. 4156

Property Overview

123 Downtown Plaza earns a commendable expert rating of 8.3 out of 10, reflecting its strong appeal for renters. The property shines with excellent scores in pricing (10/10) and location (9/10), offering tremendous value relative to its amenities (8/10) and transparency (7/10). Notably, it features 14 photos, highlighting its compelling aesthetic and standing in the 100th percentile for value for money in the area.

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.

Zumper Expert Rating

8.3
Very Good
With 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.

Things you’ll love

  • Less expensive
  • Images Available

Floor plans

123 Downtown Plaza - 41 bed1 bath650 sqft$600 /mo
123 Downtown Plaza - B2 bed1 bath699 sqft$650 /mo

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
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About 123 Downtown Plaza

Home 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 Good
With 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.
How we rated 123 Downtown Plaza
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
Oven not listed
In-unit oven not included in listing

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Rent trends in Fairmont

1-bedroom apartments here are priced 4% lower than 1-bedrooms in Fairmont.

Median rents as of Mar 21 2026.
Fairmont
A table of 1-bedroom apartment rental data trends in Fairmont
MonthMedian 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
February 2026$650
March 2026$625

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-

Southern Plains Education Cooperative

714 victoria st

fairmont, MN, 56031

PK, KPublic

Southern Plains Bridges

1200 north park st

fairmont, MN, 56031

K-12Public
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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

Explore the area around 123 Downtown Plz

Fareway
500 S State St
Lapalona Mexican Supermarket
414 N State St
Hy-Vee
907 S State St
Walmart Supercenter
1250 Goemann Rd

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