Cheap Apartments for Rent in La Fayette, IL from $300 (21 Rentals)

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Cheap Apartments in La Fayette.

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.

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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.

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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. 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 ListingModel NameBed/BathPriced From
Mayfair Manor2x12BR,1BA$525
Hollow HillsStudioStudio,1BA$700
Willow Knolls ApartmentsStudioStudio,1BA$700
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$750
The Grove ApartmentsClassic 1 Bed 1 Bath1BR,1BA$800

Best Value Apartments for Rent in La Fayette, IL and Nearby

As of May 03, 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 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,200 with a $1.14 price per square foot in the Northmoor Knolls neighborhood. 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.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.14
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.14
504 S Sweetbriar DrModel2BR,1BA$1.11
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.12
Haymeadow ApartmentsFarmstead2BR,1BA$1.10
Brighton Woods1Bed1Bath1BR,1BA$1.06
Woodsage Apartments1 Bedroom Unit1BR,1BA$1.25
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.19
Hollow HillsStudioStudio ,1BA$1.08

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Explore La Fayette, IL Rentals by Map

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Frequently Asked Questions about Cheap La Fayette Apartments

What is the Cheapest Studio apartment in La Fayette?

Currently the most affordable Cheap Studio Apartment in La Fayette is at Willow Knolls Apartments listed at $700.

How much is rent for a Cheap One Bedroom La Fayette Apartment?

The lowest price for a Cheap One Bedroom La Fayette Apartment is $775 at Willow Knolls Apartments.

What is the lowest price for a Cheap Two Bedroom La Fayette Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in La Fayette is starting from $525 at Mayfair Manor.

What is the most affordable La Fayette Three Bedroom Apartment?

The best deal on a cheap La Fayette Three Bedroom Apartment rental is at Hollow Hills and starts from $1,100.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.