Cheap Apartments for Rent in Fayette, IA from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fayette.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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1637 Carriage Hill Dr
2 Bedroom Apartments

1637 Carriage Hill Dr

1637 Carriage Hill DrWaterloo, IA 50701
  • Utilities Included
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Westwood Apartments
2 Bedroom Apartments

Westwood Apartments

3270-3320 W 4th StWaterloo, IA 50701
  • Utilities Included
Showing Results 1-38, Page 1 of 1

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 131 S Vine St priced from $550. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Fayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
131 S Vine St2021BR,1BA$550
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$675
Russell LamsonStudioStudio,1BA$675
The Meadows ApartmentsQuads 2Bd2BR,1BA$700
University ManorStudio ( Aug '25 )Studio,1BA$735
1106-1110 Kent CircleUpdated Cozy 1 Bedroom / 1 Bath Apartment in SW...1BR,1BA$750
124 Earl St2BR/1.0BA2BR,1BA$795
Edgemont Park Apartments1 Bedroom Efficiency @ Edgemont ParkStudio,1BA$795
Park @ Nine23A11BR,1BA$799
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$800

Best Value Apartments for Rent in Fayette, IA and Nearby

As of June 02, 2025 the best value apartment in the Fayette area is the $1.00 price per square foot Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments in the starting from $1,200. The second greatest value Fayette apartment is the 3 Beds, 3 baths Model at Lawler School Lofts starting at $969 with a $0.81 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.
Pineview Place ApartmentsBeautiful HUGE 3 Bedroom/2 Bath Apartment in Gr...3BR,2BA$1.00
Lawler School Lofts3 Beds, 3 baths3BR,3BA$0.81
West Brook 32BR/2.0BA2BR,2BA$1.10
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.10
Hawkeye Towers3/2.003BR,2BA$0.50
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Le Chateau2BR/1.5BA2BR,1.5BA$0.95
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.03
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$1.11

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fayette, IA Rentals by Map

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See the most popular apartments and homes in Fayette, IA

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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 $550 at 131 S Vine St.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.