
Cheap Homes for Rent near Fayette, IA from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Fayette.


313 Dearborn Ave

235 Madison St

128 Lafayette St

219 Madison St

249 Madison St
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.

109 Ludland Dr

307 Riehl St

269 Madison St

24 Van Buren St

2001 City View St

719 W 5th 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.

508 Mobile St

2747 E 4th St

1246 Columbia St

243 Polk St

230 Polk St

343 Albany 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.

815 2nd St SW

511 Cutler 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 | $815 | $675 | $1,000 |
| Fayette 3 Bedroom Homes for Rent | $1,135 | $850 | $1,490 |
| Fayette 4 Bedroom Homes for Rent | $1,341 | $1,100 | $1,500 |
| Fayette 5 Bedroom Homes for Rent | $1,550 | $1,550 | $1,550 |
Browse Top Homes for Rent in Fayette
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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 $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 |
| Russell Lamson | Studio | Studio,1BA | $695 |
| University Manor | 1 BR/ 1 BA (June & Aug '25) | 1BR,1BA | $815 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Fayette, IA and Nearby
As of July 16, 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 $1,017 with a $0.85 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 | $0.85 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| Prairie Rapids | 2bed/1bath | 2BR,1BA | $1.15 |
| Rolling Meadows Apartments | 3 bedroom/2bath | 3BR,2BA | $0.96 |
| 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 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.90 |
| 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 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette ranging from $525 to $1,550.
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 $525 to $1,550 with an average monthly rent of $1,105.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.