The 39-year-old applied for bail to allow him to deal with his drug addiction, after being charged with trafficking a large commercial quantity of drugs.
Fisher allegedly concealed one kilogram of methylamphetamine and 84 grams of cocaine while organising for it to be sent from Melbourne to Perth.
Officers searched his Sandringham home when he was arrested on May 18, seizing 13 grams of methylamphetamine and almost two litres of Butanediol.
Fisher, a past All-Australian and two-time St Kilda best and fairest, admits having a drug addiction but denies the trafficking allegations.
It's in the best interests of the community to allow Fisher to undergo a rehabilitation program to address his addiction issues, his lawyer Dermot Dann told the court last week.
Fisher's parents offered their family home as a surety, but magistrate Bernie Fitzgerald agreed to release Fisher with a $25,000 guarantee from them.
A doctor from the AFL Players' Association also provided a letter to assist in the bail application.
Fisher was released on Tuesday on strict bail conditions including that he complete a 90-day residential rehabilitation program, undergo drug testing and abide by a curfew.
It's expected he'd be able to attend another rehab program or move to a residential address after completing a 90-day program.
Fisher will return to court on September 7 for a committal mention.