Cheap Homes for Rent in La Fayette, IL from $700 (14 Rentals)

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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.

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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.

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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. 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 ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
Williamsburg Apartments1 Bedroom/1 Bath1BR,1BA$675
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$695
Willow Knolls ApartmentsStudioStudio,1BA$700
Hollow HillsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brighton Woods2Bed2Bath2BR,2BA$0.95
PARKWAY ESTATES3 Bedroom 2 Bath3BR,2BA$0.81
504 S Sweetbriar DrModel2BR,1BA$1.11
Crescent Creek Apartments1x11BR,1BA$0.88
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Versailles ApartmentsJewel - 1BR / 1BA1BR,1BA$1.10
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Hollow HillsStudioStudio ,1BA$1.08
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.07
Williamsburg Apartments1 Bedroom/1 Bath1BR,1BA$1.13

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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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Frequently Asked Questions about La Fayette

What type of rentals are currently available in La Fayette?

There are currently 38 Apartments for Rent in La Fayette, IL with pricing that ranges from $525 to $1,942. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in La Fayette ranging from $733 to $3,975.

What is the current price range for Rental Homes in La Fayette?

Today's rental pricing for Homes for Rent, Condos and Townhomes in La Fayette ranges from $733 to $3,975 with an average monthly rent of $1,433.

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 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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

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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.