Cheap Apartments for Rent in La Fayette, IL from $300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in La Fayette.

PARKWAY ESTATES

Woods + Meadow Apartments
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.

Willow Knolls Apartments

Hollow Hills

Crescent Creek Apartments

The Grove Apartments
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.

824 W Mac Queen Ave

109 E Jackson St

409 N Murphy Rd

1001 6th St
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.

265 Duffield Ave

5917 W Plank Rd

2051 N Gale Ave

305 N Pleasant View St
La Fayette, IL Local Guide

How much does it cost to rent an apartment in La Fayette?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
La Fayette Studio Apartments | $778 | $695 | $1,102 |
La Fayette 1 Bedroom Apartments | $1,040 | $655 | $1,622 |
La Fayette 2 Bedroom Apartments | $1,336 | $525 | $1,855 |
La Fayette 3 Bedroom Apartments | $1,228 | $880 | $1,942 |
Browse Top Apartments in La Fayette
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La Fayette, IL Local Guide
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Cheapest Available La Fayette Apartments for Rent and Nearby
 The cheapest available apartment rental in La Fayette, IL is a 2 Beds unit found at Mayfair Manor priced from $525. Williamsburg Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable La Fayette apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mayfair Manor | 2x1 | 2BR,1BA | $525 |
Williamsburg Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $675 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $695 |
Willow Knolls Apartments | Studio | Studio,1BA | $700 |
Hollow Hills | Studio | Studio,1BA | $700 |
Best Value Apartments for Rent in La Fayette, IL and Nearby
As of September 12, 2025 the best value apartment in the La Fayette area is the $0.95 price per square foot 2Bed2Bath Model at Brighton Woods in the in the Oakbrook neighborhood starting from $1,050. The second greatest value La Fayette apartment is the 3 Bedroom 2 Bath Model at PARKWAY ESTATES starting at $880 with a $0.81 price per square foot . Here is today’s list of the best values for La Fayette apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Brighton Woods | 2Bed2Bath | 2BR,2BA | $0.95 |
PARKWAY ESTATES | 3 Bedroom 2 Bath | 3BR,2BA | $0.81 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Crescent Creek Apartments | 1x1 | 1BR,1BA | $0.88 |
Haymeadow Apartments | Farmstead | 2BR,1BA | $1.16 |
Versailles Apartments | Jewel - 1BR / 1BA | 1BR,1BA | $1.10 |
Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
Hollow Hills | Studio | Studio ,1BA | $1.08 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.07 |
Williamsburg Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.13 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore La Fayette, IL Rentals by Map
See the most popular apartments and homes in La Fayette, IL
Frequently Asked Questions about Cheap La Fayette Apartments
What is the Cheapest Studio apartment in La Fayette?
Currently the most affordable Cheap Studio Apartment in La Fayette is at Woods + Meadow Apartments listed at $695.
How much is rent for a Cheap One Bedroom La Fayette Apartment?
The lowest price for a Cheap One Bedroom La Fayette Apartment is $675 at Williamsburg Apartments.
What is the lowest price for a Cheap Two Bedroom La Fayette Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in La Fayette is starting from $525 at Mayfair Manor.
What is the most affordable La Fayette Three Bedroom Apartment?
The best deal on a cheap La Fayette Three Bedroom Apartment rental is at PARKWAY ESTATES and starts from $880.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.