
Cheap Homes for Rent in La Fayette, IL from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in La Fayette.


1022 Greenleaf St

824 W Mac Queen Ave

109 E Jackson St

305 N Pleasant View St

2051 N Gale Ave

908 W Mac Queen Ave
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.

577 Irwin St

1121 W Gift Ave

5012 N Ogden Ave

1133 E North St
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.

3119 W Willow Knolls Dr

306 East St

716 W Nebraska Ave
La Fayette, IL Local Guide

How much does it cost to rent a home in La Fayette?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
La Fayette 2 Bedroom Homes for Rent | $1,047 | $750 | $1,250 |
La Fayette 3 Bedroom Homes for Rent | $1,449 | $900 | $2,399 |
La Fayette 5 Bedroom Homes for Rent | $1,795 | $1,795 | $1,795 |
Browse Top Homes for Rent in La Fayette
Explore La Fayette
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. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mayfair Manor | 2x1 | 2BR,1BA | $525 |
Hollow Hills | Studio | Studio,1BA | $700 |
Willow Knolls Apartments | Studio | Studio,1BA | $700 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $775 |
The Grove Apartments | Standard 1 Bed / 1 Bath | 1BR,1BA | $795 |
Best Value Apartments for Rent in La Fayette, IL and Nearby
As of May 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.14 |
PARKWAY ESTATES | 3 Bedroom 2 Bath | 3BR,2BA | $0.81 |
The Flats at Dunlap | 2B2B-Original | 2BR,2BA | $1.05 |
The Grove Apartments | Signature 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.13 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Haymeadow Apartments | Farmstead | 2BR,1BA | $1.16 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $1.10 |
Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
Hollow Hills | Studio | Studio ,1BA | $1.08 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Frequently Asked Questions about La Fayette
What type of rentals are currently available in La Fayette?
There are currently 36 Apartments for Rent in La Fayette, IL with pricing that ranges from $525 to $2,247. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in La Fayette ranging from $700 to $2,399.
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 $700 to $2,399 with an average monthly rent of $1,247.
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 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.

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.

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.

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.