
Cheap Homes for Rent in La Fayette, IL from $500 (13 Rentals)
Cheap Homes in La Fayette.


908 W Mac Queen Ave

2051 N Gale Ave

1016 N Maple St

824 W Mac Queen Ave

109 E Jackson St
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.

305 N Pleasant View St

445 Elm Pl

109 Elite St

611 W Matthews St

1213 N Haven Ct

5012 N Ogden Ave
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.

1133 E North St
La Fayette, IL Local Guide

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 | $959 | $550 | $1,600 |
La Fayette 3 Bedroom Homes for Rent | $1,383 | $850 | $1,750 |
La Fayette 4 Bedroom Homes for Rent | $3,125 | $2,500 | $3,750 |
La Fayette 5 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Top Homes for Rent in La Fayette
Explore La Fayette
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. 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 | $700 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $775 |
The Grove Apartments | Classic 1 Bed 1 Bath | 1BR,1BA | $800 |
Best Value Apartments for Rent in La Fayette, IL and Nearby
As of May 08, 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 $1,250 with a $1.19 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.14 |
Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.19 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
Haymeadow Apartments | Farmstead | 2BR,1BA | $1.10 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
The Grove Apartments | Modern 1 Bed, 1 Bath | 1BR,1BA | $1.26 |
Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
Hollow Hills | Studio | Studio ,1BA | $1.08 |
Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.19 |
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Frequently Asked Questions about La Fayette
What type of rentals are currently available in La Fayette?
There are currently 36 Apartments for Rent in La Fayette, IL with pricing that ranges from $525 to $2,282. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in La Fayette ranging from $550 to $3,750.
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 $550 to $3,750 with an average monthly rent of $1,623.
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.

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.

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.

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.

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.