Cheap Apartments for Rent in La Fayette, IL from $300 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in La Fayette.

Willow Knolls Apartments

Tiffany Pointe

PARKWAY ESTATES

Hollow Hills

Woods + Meadow Apartments

Timberlane Apartments

Kellogg Place Apartments

Haymeadow Apartments

The Grove Apartments

400 N Main St

1016 N Maple St

109 E Jackson St

305 N Pleasant View St

1145 E North St
La Fayette, IL Local Guide

How much does it cost to rent an apartment in La Fayette?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
La Fayette Studio Apartments | $710 | $610 | $903 |
La Fayette 1 Bedroom Apartments | $1,061 | $655 | $1,545 |
La Fayette 2 Bedroom Apartments | $1,306 | $525 | $2,225 |
La Fayette 3 Bedroom Apartments | $1,294 | $880 | $1,887 |
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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 $525. Willow Knolls Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $610. 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 |
Willow Knolls Apartments | Studio | Studio,1BA | $610 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $725 |
Hollow Hills | 1 bedroom | 1BR,1BA | $725 |
Haymeadow Apartments | Springhouse | 1BR,1BA | $799 |
Best Value Apartments for Rent in La Fayette, IL and Nearby
As of March 26, 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 Beds, 2 baths Model at River Oaks Trails starting at $917 with a $0.83 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 |
River Oaks Trails | 2 Beds, 2 baths | 2BR,2BA | $0.83 |
Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.14 |
Woodsage Apartments | 2 Bedroom Unit | 2BR,2BA | $1.17 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Hollow Hills | 1 bedroom | 1BR,1BA | $0.84 |
Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.09 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
Haymeadow Apartments | Springhouse | 1BR,1BA | $1.11 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.12 |
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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 $610.
How much is rent for a Cheap One Bedroom La Fayette Apartment?
The lowest price for a Cheap One Bedroom La Fayette Apartment is $675 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 River Oaks Trails and starts from $1,051.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.