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Fairmount Apartments offers a favorable expert rating, reflecting its overall quality and appeal. Key pros include well-maintained surroundings and proximity to essential amenities, making it an attractive choice for diverse living preferences. Notable features emphasize the property’s modern design and available services, enhancing the overall living experience.
Things you’ll love
| 1x1 | 1 bed | 1 bath | 500 sqft | $1,195 /mo | 1 unit available | This 14 unit apartment community is located just south of downtown in a well-established residential neighborhood, two blocks east of The Best Little Roadhouse restaurant on Commercial St S. Convenient access to downtown, Bush Park, Minto Brown Park, and Willamette University. We offer studio, 1, and 2 bedroom apartment homes. On-site laundry is available and assigned parking for most units. This is a breathe easy, smoke-free property, no smoking anywhere on the premises. DISCLOSURES: *THE FOLLOWING INFORMATION IS SUBJECT TO CHANGE PRIOR TO EXECUTION OF RENTAL AGREEMENT RENT: The following are MAXIMUM amounts. The actual amounts charged will depend on the unit size, screening results and other factors. Unit Rent: One Bdrm: $1,195-1,245 Monthly Utility Bill-Back Charge for W/S/G: $83 DEPOSITS: Security Deposit MINIMUM: $900 Security Deposit MAXIMUM: $1,800 (Depends on screening results and unit size) _____________________________________________________________________________________ RENTERS & LIABILITY INSURANCE: A Renters and Liability Insurance policy with SMI Property Management listed as an interested party, is required to be provided at the commencement of the lease/rental agreement and is to be maintained throughout the term of the tenancy in the amount of $100,000. No insurance will be required if: A) The household income of all of the tenants in the unit is equal to or less than fifty percent of the area median income, adjusted for family size as measured up to a five-person family; or B) If the dwelling unit has been subsidized with public funds, not including housing choice vouchers. _____________________________________________________________________________________ GOOD FAITH ESTIMATE: See listing of all available units at: https www smiproperty com vacancies Approximate number of units currently available, or which will in the foreseeable future be available, of the size and in the area requested by applicant:______ unit(s). Approximate number of applications previously accepted and currently under consideration for those units:______ application(s). If the blanks above are not filled in, then there is at least one unit available and there are no applications ahead of yours currently under consideration. Interior photos may not represent the actual unit. Apply Now |
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One-time.
One-time. Refundable.
No pets allowed.
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| Units | 14 |
|---|
This 14 unit apartment community is located just south of downtown in a well-established residential neighborhood, two blocks east of The Best Little Roadhouse restaurant on Commercial St S. Convenient access to downtown, Bush Park, Minto Brown Park, and Willamette University. We offer studio, 1, and 2 bedroom apartment homes. On-site laundry is available and assigned parking for most units.
How Fairmount Apartments compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Fairmount Apartments cost about 9% more than the average rent price for 1-bedroom apartments in South Central.
| Month | Median Rent |
|---|---|
| April 2024 | $1,181 |
| May 2024 | $1,195 |
| June 2024 | $1,188 |
| July 2024 | $1,209 |
| August 2024 | $1,217 |
| September 2024 | $1,187 |
| October 2024 | $1,196 |
| November 2024 | $1,198 |
| December 2024 | $1,196 |
| January 2025 | $1,150 |
| February 2025 | $1,156 |
| March 2025 | $1,140 |
| April 2025 | $1,100 |
| May 2025 | $1,100 |
| June 2025 | $1,137 |
| July 2025 | $1,150 |
| August 2025 | $1,150 |
| September 2025 | $1,142 |
| October 2025 | $1,150 |
| November 2025 | $1,150 |
| December 2025 | $1,130 |
| January 2026 | $1,125 |
| February 2026 | $1,142 |
| March 2026 | $1,150 |
| Month | Median Rent |
|---|---|
| April 2024 | $1,095 |
| May 2024 | $1,095 |
| June 2024 | $1,095 |
| July 2024 | $1,095 |
| August 2024 | $1,072 |
| September 2024 | $1,095 |
| October 2024 | $1,095 |
| November 2024 | $1,095 |
| December 2024 | $1,107 |
| January 2025 | $1,114 |
| February 2025 | $1,095 |
| March 2025 | $1,095 |
| April 2025 | $1,095 |
| May 2025 | $1,095 |
| June 2025 | $1,095 |
| July 2025 | $1,095 |
| August 2025 | $1,097 |
| September 2025 | $1,104 |
| October 2025 | $1,104 |
| November 2025 | $1,097 |
| December 2025 | $1,095 |
| January 2026 | $1,113 |
| February 2026 | $1,095 |
| March 2026 | $1,094 |
Can I afford to live at 1161 Fir St S?
Bedrooms
1 bedroomRent-to-income ratio
30%
$47,800/yr
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