Zumper
modified
Updated 5+ Days Ago

Highlights

  • Off street parking
  • Laundry in building
  • Extra storage lockers

Location

140 W 3rd St, Waconia, MN 55387, USA
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Tour Fairhill Apartments

Contact

Management

Marathon Management

Leasing office

(952) 446-9974

Property Overview

Fairhill Apartments has a strong overall rating, supported by excellent amenities and a highly convenient location, along with solid trustworthiness. It stands out for off-street parking, laundry in the building, extra storage lockers, nearby pet services, and close access to top-rated schools and a large photo set for renters to review.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.5
Very Good
Fairhill Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • Middle school nearby

Great for

  • Pet owners

Floor plans

2BR 1BA2 bed1 bath780 sqft$1,195 /mo1 unit availableLarge spacious two bedroom, one bath apartment homes in a beautifully cleaned and maintained building. Heat, water, trash is FREE! Cat friendly Building (with one time fee) -- meow! Off street parking, laundry in building, extra storage lockers and so much more!!! Schedule a tour today! Only minutes from schools, lakes, and parks.

Let's explore this property.

Amenities for Fairhill Apartments

Apartment Amenities

Air ConditioningCentral Heat
Heating

Appliances

RangeRefrigerator
Stove

Building

Cats OKOnsite Laundry
Water/Sewer

Grounds

Garage ParkingOff-Street Parking
Storage

Services

RecyclingRubbish Removal
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Dog Policy

Not allowed

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units12
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About Fairhill Apartments

HomeApartments in Waconia Fairhill Apartments

Large spacious two bedroom, one bath apartment homes in a beautifully cleaned and maintained building. Heat, water, trash is FREE! Cat friendly Building (with one time fee) -- meow! Off street parking, laundry in building, extra storage lockers and so much more!!! Schedule a tour today! Only minutes from schools, lakes, and parks.


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.
7.5
/10
Very Good
Fairhill Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated Fairhill Apartments
Price·6A 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.
Fairhill Apartments is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·10A 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.
Fairhill Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—cats allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Fairhill Apartments 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 Fairhill Apartments 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.
Fairhill Apartments 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.

Fairhill Apartments is great for:

Pet owners

  • 2 pet grooming services nearby
  • 3 pet supply stores near the property
  • 1 pet hospital in the area

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 Fairhill Apartments compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.1 mile away
High school nearby
There is a high school 1 mile away
Middle school nearby
There is a middle school 2 miles away
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Waconia

2-bedroom apartments at Fairhill Apartments cost about 42% less than the average rent price for 2-bedroom apartments in Waconia.

Median rents as of Sep 12 2026.
Waconia
A table of 1-bedroom apartment rental data trends in Waconia
MonthMedian Rent
January 2025$1,493
February 2025$1,080
March 2025$1,031
August 2025$1,055
September 2025$1,440
October 2025$1,415
November 2025$1,383
December 2025$1,443
January 2026$1,520
February 2026$1,421
March 2026$1,441
April 2026$1,469
May 2026$1,475
June 2026$1,459
July 2026$1,448
August 2026$1,499
September 2026$1,591

Affordability calculator

Can I afford to live at 140 W 3rd St?

Bedrooms

2 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

$47,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $47,800 annually to afford this 2-bedrooms monthly rent price of $1,195.
For more information on rent affordability, visit our rent calculator.

Schools near Fairhill Apartments

Southview Elementary School

225 w 4th st

waconia, MN, 55387

K-5Public
B+

Early Childhood Special Education

504 industrial blvd

waconia, MN, 55387

PKPublic

Laketown Elementary School

960 airport rd

waconia, MN, 55387

K-5Public
A-

Carver Elementary School

1717 ironwood dr

carver, MN, 55315

K-5Public
A-

SW Metro Online Learning

401 e 4th st

chaska, MN, 55318

2-12Public
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Internet available near Fairhill Apartments

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Waconia near 140 W 3rd St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 140 W 3rd St, Waconia

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

6/10
At least one high school within a 30-minute walk

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 140 W 3rd St

ALDI
10620 10th St W
Mackenthun's
851 Marketplace Dr
Mackenthuns Meats & Deli Inc
4275 County Road 92

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