Cheap Apartments for Rent in La Fayette, IL from $300 (20 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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La Fayette, IL Local Guide

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. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable La Fayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
Hollow HillsStudioStudio,1BA$700
Willow Knolls ApartmentsStudioStudio,1BA$700
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$775
The Grove ApartmentsStandard 1 Bed / 1 Bath1BR,1BA$795

Best Value Apartments for Rent in La Fayette, IL and Nearby

As of June 03, 2025 the best value apartment in the La Fayette area is the $1.14 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,550. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.14
PARKWAY ESTATES3 Bedroom 2 Bath3BR,2BA$0.81
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.19
The Grove ApartmentsSignature 2 Bed / 1.5 Bath2BR,1.5BA$1.13
504 S Sweetbriar DrModel2BR,1BA$1.11
Versailles ApartmentsRoyal - 2BR / 1BA2BR,1BA$1.05
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Brighton Woods1Bed1Bath1BR,1BA$1.06
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Hollow HillsStudioStudio ,1BA$1.08

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore La Fayette, IL Rentals by Map

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See the most popular apartments and homes in La Fayette, IL

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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 Willow Knolls Apartments listed at $700.

How much is rent for a Cheap One Bedroom La Fayette Apartment?

The lowest price for a Cheap One Bedroom La Fayette Apartment is $775 at Willow Knolls 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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.