2836 Independence Ave
WaterlooIA50707
Cheap Homes for Rent in Fayette, IA from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Fayette.
120 Harrison St
WaterlooIA50703
306 1/2 1st St SE
OelweinIA50662
216 Courtland St
WaterlooIA50703
147 French St
WaterlooIA50703
2113 Mulberry St
WaterlooIA50703
645 Wyoming St
WaterlooIA50703
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Fayette, IA Local Guide
Path through the park by UI International Programs is licensed under CC BY 2.0
How much does it cost to rent a home in Fayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fayette 2 Bedroom Homes for Rent | $775 | $425 | $950 |
| Fayette 3 Bedroom Homes for Rent | $1,059 | $775 | $1,500 |
| Fayette 4 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
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Fayette, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meadows Apartments | Meadows 1Bd | 1BR,1BA | $600 |
| Russell Lamson | Studio | Studio,1BA | $675 |
| Le Chateau | 1BR/1.0BA | 1BR,1BA | $725 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hawkeye Towers - Historical Access | 4BR/2BA | 4BR,2BA | $0.35 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| Pineview Place Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.03 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| Lawler School Lofts | 2BR/1B | 2BR,1BA | $1.06 |
| Wild Grove Apartments - 702 NICC | Wild Grove Apartments | 2BR,1BA | $1.09 |
| Meadow Ridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.93 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.02 |
| Legacy Manor of Waterloo | 1 bedroom | 1BR,1BA | $1.13 |
| The Meadows Apartments | Meadows 1Bd | 1BR,1BA | $0.92 |
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Frequently Asked Questions about Fayette
What type of rentals are currently available in Fayette?
There are currently 52 Apartments for Rent in Fayette, IA with pricing that ranges from $380 to $2,500. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette ranging from $425 to $1,500.
What is the current price range for Rental Homes in Fayette?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fayette ranges from $425 to $1,500 with an average monthly rent of $861.
How much are larger Three and Four Bedroom Rentals in Fayette?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fayette range from $750 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $380.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.