Cheap Homes for Rent in Fayetteville, IL from $300 (6 Rentals)

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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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Fayetteville, IL Local Guide

Cheapest Available Fayetteville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fayetteville, IL is a 1 Bed unit found at Cottonwood Village in the Mount Pleasant neighborhood priced from $695. 215 anderson lane A in the Green Mount Manor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Fayetteville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottonwood Village1 Bed, 1 bath1BR,1BA$695
215 anderson lane A1 BR / 1 BA1BR,1BA$825
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845

Best Value Apartments for Rent in Fayetteville, IL and Nearby

As of May 12, 2025 the best value apartment in the Fayetteville area is the $1.15 price per square foot Two Bedroom Model at Brookside Manor in the in the OFallon neighborhood starting from $1,275. The second greatest value Fayetteville apartment is the Two Bed One Bath Model at Linwood Apartments starting at $1,000 with a $0.91 price per square foot in the OFallon neighborhood. Here is today’s list of the best values for Fayetteville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brookside ManorTwo Bedroom2BR,1.5BA$1.15
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Northbrooke CommonsB22BR,2BA$1.36
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Winchester Place Apartments2 Bedroom / 2 Bath 980 sq ft2BR,2BA$1.20
Oaks Of Dutch Hollow1BR/1BA1BR,1BA$1.35
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$1.36
Cottonwood Village1 Bed, 1 bath1BR,1BA$1.24

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.

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Frequently Asked Questions about Fayetteville

What type of rentals are currently available in Fayetteville?

There are currently 39 Apartments for Rent in Fayetteville, IL with pricing that ranges from $635 to $3,376. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayetteville ranging from $390 to $2,995.

What is the current price range for Rental Homes in Fayetteville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fayetteville ranges from $390 to $2,995 with an average monthly rent of $1,528.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.