Cheap Apartments for Rent near Fayetteville, IL from $400 (32 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lakewood Estates
1 to 2 Bedroom Apartments

Lakewood Estates

1114 E 3rd StO'Fallon, IL 62269
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215 anderson lane A
1 to 2 Bedroom Apartments

215 anderson lane A

215-223 Anderson LnShiloh, IL 62221
  • Utilities Included

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.

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Showing Results 1-32, Page 1 of 1

Fayetteville, IL Local Guide

Cheapest Available Fayetteville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fayetteville, IL is a 2 Beds unit found at Cedars of Lebanon Apartments in the Metro East neighborhood priced from $200. McKay Manor in the Clinton County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $486. Here is today’s list of the most affordable Fayetteville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedars of Lebanon ApartmentsTwo Bedroom2BR,1BA$200
McKay Manor1 Bdrm1BR,1BA$486
Cottonwood Village1 Bed, 1 bath1BR,1BA$695
Storyboard on RogerRoger A11BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845
500 E A St1 Bed, 1 bath1BR,1BA$950
Linwood ApartmentsTwo Bed One Bath2BR,1BA$1,000
Shadow Ridge Apartments1 Bed- 600 sq ft1BR,1BA$1,025
The Meadows at Shadow Ridge1.1- 612 sq ft1BR,1BA$1,050
The Oaks of Dutch Hollow5784 2 bedroom 1 bath2BR,1BA$1,125

Best Value Apartments for Rent in Fayetteville, IL and Nearby

As of July 31, 2026 the best value apartment in the Fayetteville area is the $1.34 price per square foot Carol Ann B2 Model at Storyboard on Carol Ann in the in the O'Fallon neighborhood starting from $1,610. The second greatest value Fayetteville apartment is the 2 Beds, 1 bath Model at 1118 E 3rd St starting at $1,295 with a $1.18 price per square foot in the O'Fallon neighborhood. Here is today’s list of the best values for Fayetteville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on Carol AnnCarol Ann B22BR,2BA$1.34
1118 E 3rd St2 Beds, 1 bath2BR,1BA$1.18
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.09
Brookside Manor- O'Fallon, ILErin Lee- 2 bedroom2BR,1.5BA$1.39
Storyboard on Lake ChristineLake Christine B12BR,1BA$1.16
McKay Manor1 Bdrm1BR,1BA$0.66
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$1.36
Cottonwood Village1 Bed, 1 bath1BR,1BA$1.24
Cedars of Lebanon ApartmentsStudioStudio ,1BA$0.44

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.

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Real 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.

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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 Fayetteville, IL Rentals by Map

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Frequently Asked Questions about Cheap Fayetteville Apartments

How much is rent for a Cheap One Bedroom Fayetteville Apartment?

The lowest price for a Cheap One Bedroom Fayetteville Apartment is $200 at Cedars of Lebanon Apartments.

What is the lowest price for a Cheap Two Bedroom Fayetteville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fayetteville is starting from $200 at Cedars of Lebanon Apartments.

What is the most affordable Fayetteville Three Bedroom Apartment?

The best deal on a cheap Fayetteville Three Bedroom Apartment rental is at McKay Manor and starts from $587.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.