5917 W Plank Rd
BellevueIL61604
Cheap Homes for Rent in La Fayette, IL from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in La Fayette.
824 W Mac Queen Ave
PeoriaIL61604
1016 N Maple St
PrincetonIL61356
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.
611 W Matthews St
ChillicotheIL61523
811 E Lake Ave
Peoria HeightsIL61616
5812 W Farmington Rd
PeoriaIL61604
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.
9 N Randolph St
PrincetonIL61356
Showing Results 1-7, Page 1 of 1
La Fayette, IL Local Guide
Corn at the farmers market by Gemma Billings is licensed under CC BY 2.0
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 | $1,320 | $733 | $2,400 |
| La Fayette 3 Bedroom Homes for Rent | $1,572 | $850 | $3,500 |
| La Fayette 4 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
| La Fayette 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent 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 $550. 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 | $550 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in La Fayette, IL and Nearby
As of June 19, 2026 the best value apartment in the La Fayette area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. The second greatest value La Fayette apartment is the 3 bedroom 2 bath Model at Hollow Hills starting at $1,400 with a $1.33 price per square foot in the Windchime neighborhood. 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 | $1.18 |
| Hollow Hills | 3 bedroom 2 bath | 3BR,2BA | $1.33 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| The Grove Apartments | Signature 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.32 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| Nordic Villa Apartments | Townhouse | 2BR,1.5BA | $1.28 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Versailles Apartments | Tradition - 1BR / 1BA | 1BR,1BA | $1.13 |
| Haymeadow Apartments | Springhouse | 1BR,1BA | $1.32 |
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.
Read Article
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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See the most popular apartments and homes in La Fayette, IL
Frequently Asked Questions about La Fayette
What type of rentals are currently available in La Fayette?
There are currently 40 Apartments for Rent in La Fayette, IL with pricing that ranges from $550 to $2,137. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in La Fayette ranging from $650 to $3,500.
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 $650 to $3,500 with an average monthly rent of $1,520.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.