
Cheap Homes for Rent in Fayette, IA from $500 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Fayette.


235 Madison St

269 Madison St

208 W Main St

1137 Columbia St

105 Ludland Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5900 Osage Rd

2001 City View St

1132 Ackermant St

425 Glenwood St

307 Riehl St

151 French St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1233 Logan Ave

230 Polk St

538 Sherman Ave

243 Polk St

511 S Frederick Ave

314 Conger St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2304 Lafayette St
Fayette, IA Local Guide

How much does it cost to rent a home in Fayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fayette 2 Bedroom Homes for Rent | $831 | $675 | $1,025 |
| Fayette 3 Bedroom Homes for Rent | $1,116 | $749 | $1,490 |
| Fayette 4 Bedroom Homes for Rent | $1,462 | $1,150 | $1,775 |
| Fayette 5 Bedroom Homes for Rent | $1,625 | $1,550 | $1,700 |
Browse Top Homes for Rent in Fayette
Explore Fayette
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 $620. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Fayette apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $620 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| Brookside Apartments | One-Bedroom Apartment | 1BR,1BA | $650 |
| Russell Lamson | Studio | Studio,1BA | $652 |
| Kent Circle | Updated Cozy 1 Bedroom / 1 Bath Apartment in SW... | 1BR,1BA | $760 |
Best Value Apartments for Rent in Fayette, IA and Nearby
As of May 31, 2026 the best value apartment in the Fayette area is the $1.02 price per square foot Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments in the starting from $1,220. The second greatest value Fayette apartment is the 3BR/2B 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pineview Place Apartments | Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... | 3BR,2BA | $1.02 |
| Lawler School Lofts | 3BR/2B | 3BR,2BA | $0.81 |
| Grand Crossing | 2 Bed - 1 Bath - LMI | 2BR,1BA | $1.17 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| West Brook Apartments | Brand New 2 Bedroom/2 Bathroom Units at West Br... | 2BR,2BA | $1.15 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $1.23 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
| The Meadows Apartments | Otter Creek 1Bd | 1BR,1BA | $1.03 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fayette, IA Rentals by Map
See the most popular apartments and homes in Fayette, IA
Frequently Asked Questions about Fayette
What type of rentals are currently available in Fayette?
There are currently 54 Apartments for Rent in Fayette, IA with pricing that ranges from $500 to $1,900. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette ranging from $575 to $1,775.
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 $575 to $1,775 with an average monthly rent of $1,138.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.