Cheap Apartments for Rent in Fayette, IA from $300 (28 Rentals)

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131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
  • Utilities Included
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124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707
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Fayette, IA Local Guide

Cheapest Available Fayette Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fayette, IA is a 1 Bed unit found at The Meadows Apartments in the Southlawn Court neighborhood priced from $600. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Fayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meadows ApartmentsMeadows 1Bd1BR,1BA$600
Russell LamsonStudioStudio,1BA$675
Le Chateau1BR/1.0BA1BR,1BA$725
Meadow Ridge Apartments2 BR/ 1 BA2BR,1BA$775
228 Spaces - Furnished Micro-Living Apartments1st Floor StudioStudio,1BA$795
1150 Home Park Blvd2BR/1.0BA2BR,1BA$795
Falls Edge StudiosStudio B REVStudio,1BA$800
Rolling Meadows ApartmentsCharming 1 Bedroom/1 Bathroom Apartment1BR,1BA$800
1637 Carriage Hill2BR/1.0BA2BR,1BA$825
Legacy Manor of Waterloo1 bedroom1BR,1BA$836

Best Value Apartments for Rent in Fayette, IA and Nearby

As of October 31, 2025 the best value apartment in the Fayette area is the $0.35 price per square foot 4BR/2BA Model at Hawkeye Towers - Historical Access in the starting from $380. The second greatest value Fayette apartment is the 2 BR/ 2 BA Model at 3714 Ravenwood Cir starting at $1,150 with a $1.10 price per square foot . Here is today’s list of the best values for Fayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hawkeye Towers - Historical Access4BR/2BA4BR,2BA$0.35
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.10
Pineview Place Apartments2 Bedroom/1 Bath2BR,1BA$1.03
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Lawler School Lofts2BR/1B2BR,1BA$1.06
Wild Grove Apartments - 702 NICCWild Grove Apartments2BR,1BA$1.09
Meadow Ridge Apartments2 BR/ 1 BA2BR,1BA$0.93
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.02
Legacy Manor of Waterloo1 bedroom1BR,1BA$1.13
The Meadows ApartmentsMeadows 1Bd1BR,1BA$0.92

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Getting Around Fayette, IA

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fayette Apartments

What is the Cheapest Studio apartment in Fayette?

Currently the most affordable Cheap Studio Apartment in Fayette is at Russell Lamson listed at $675.

How much is rent for a Cheap One Bedroom Fayette Apartment?

The lowest price for a Cheap One Bedroom Fayette Apartment is $600 at The Meadows Apartments.

What is the lowest price for a Cheap Two Bedroom Fayette Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fayette is starting from $700 at The Meadows Apartments.

What is the most affordable Fayette Three Bedroom Apartment?

The best deal on a cheap Fayette Three Bedroom Apartment rental is at The Meadows Apartments and starts from $750.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.