265 Duffield Ave
GalesburgIL61401
Cheap Homes for Rent in La Fayette, IL from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in La Fayette.
316 E Melbourne Ave
PeoriaIL61603
2408 W Reservoir Blvd
PeoriaIL61604
903 W Brons Ave
PeoriaIL61604
1156 E Losey St
GalesburgIL61401
3912 N Atlantic Ave
Peoria HeightsIL61616
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.
201 S 1st St
AlphaIL61413
811 W Purtscher Dr
PeoriaIL61614
618 6th St
ColonaIL61241
3207 W Willow Knolls Dr
PeoriaIL61614
814 W McClure Ave
PeoriaIL61604
3500 Yorkshire
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.
4111 Blvd
PeoriaIL61614
Showing Results 1-13, 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 | $1,270 | $800 | $2,295 |
| La Fayette 3 Bedroom Homes for Rent | $1,441 | $995 | $3,500 |
| La Fayette 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| La Fayette 6 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Browse Top Homes for Rent in La Fayette
Explore La Fayette
La Fayette, IL Local Guide
- Nearby Cities
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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 | $750 |
| The Village on University | King at Village North | Studio,1BA | $760 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $805 |
Best Value Apartments for Rent in La Fayette, IL and Nearby
As of May 04, 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 HCIV2D2FB Model at Hollow Creek IV Apartments starting at $1,400 with a $1.15 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 Creek IV Apartments | HCIV2D2FB | 2BR,2BA | $1.15 |
| Hollow Hills | 3 bedroom 2 bath | 3BR,2BA | $1.33 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| Dunlap Falls Apartments | Hudson | 2BR,2BA | $1.34 |
| PARKWAY ESTATES | 2 Bedroom 1 Bath | 2BR,1BA | $0.86 |
| Kellogg Place Apartments | Standard 2 Bed / 1 Bath (875 SF) | 2BR,1BA | $1.37 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
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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 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 $525 to $2,282. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in La Fayette ranging from $700 to $3,900.
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 $3,900 with an average monthly rent of $1,962.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.