216 Courtland St
WaterlooIA50703
Cheap Homes for Rent in Fayette, IA from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Fayette.
313 Dearborn Ave
WaterlooIA50703
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.
147 French St
WaterlooIA50703
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
17 5th St NW
OelweinIA50662
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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 | $817 | $475 | $1,250 |
| Fayette 3 Bedroom Homes for Rent | $867 | $600 | $1,000 |
| Fayette 4 Bedroom Homes for Rent | $1,185 | $825 | $1,500 |
Browse Top Homes for Rent in Fayette
Explore Fayette
Fayette, IA Local Guide
- Nearby Cities
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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. 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 | Meadows 1Bd | 1BR,1BA | $600 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| 1106-1110 Kent Circle | Updated Cozy 1 Bedroom / 1 Bath Apartment in SW... | 1BR,1BA | $750 |
Best Value Apartments for Rent in Fayette, IA and Nearby
As of December 21, 2025 the best value apartment in the Fayette area is the $1.10 price per square foot 2 BR/ 2 BA Model at 3714 Ravenwood Cir in the starting from $1,150. The second greatest value Fayette apartment is the 3BR/2BA Model at Hawkeye Towers (new) starting at $505 with a $0.50 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. |
|---|---|---|---|
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| Hawkeye Towers (new) | 3BR/2BA | 3BR,2BA | $0.50 |
| Pineview Place Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.03 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| Lawler School Lofts | 2BR/1B | 2BR,1BA | $1.06 |
| Wild Grove Apartments - 702 NICC | 2 Bed Updated | 2BR,1BA | $1.09 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.02 |
| The Meadows Apartments | Meadows 1Bd | 1BR,1BA | $0.92 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
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 Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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 53 Apartments for Rent in Fayette, IA with pricing that ranges from $600 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette ranging from $475 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 $475 to $1,500 with an average monthly rent of $876.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.