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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Property Overview
Fairhill Apartments earns a strong overall impression with a 7.5/10 Zumper Expert Rating, backed by an excellent amenities score, a strong location rating, and solid trustworthiness. It offers off-street parking, laundry in the building, extra storage lockers, 23 photos, nearby school access, and several pet-related services, making it a well-rounded choice with convenient everyday features.
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.
Things you’ll love
Elementary school nearby- Images Available
- Laundry available on site
Great for
Pet owners
Floor plans
| 2BR 1BA | 2 bed | 1 bath | 780 sqft | $1,195 /mo | 1 unit available | 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. |
Let's explore this property.
Amenities for Fairhill Apartments
Apartment Amenities
| Air Conditioning | Central Heat |
| Heating |
Appliances
| Range | Refrigerator |
| Stove |
Building
| Cats OK | Onsite Laundry |
| Water/Sewer |
Grounds
| Garage Parking | Off-Street Parking |
| Storage |
Services
| Recycling | Rubbish 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
| Units | 12 |
|---|
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About 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 GoodFairhill 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.
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:
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
- 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
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Rent trends in Waconia
2-bedroom apartments at Fairhill Apartments cost about 39% less than the average rent price for 2-bedroom apartments in Waconia.
Median rents as of Jul 25 2026.
Waconia
| Month | Median Rent |
|---|---|
| August 2024 | $1,005 |
| 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 |
Affordability calculator
Can I afford to live at 140 W 3rd St?
Bedrooms
2 bedroomsRent-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
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
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