Cheap Apartments for Rent in Lafayette, IN from $400 (114 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lafayette.

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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.

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1626 Main St
1 Bedroom Apartments

1626 Main St

1626 Main StLafayette, IN 47904
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CNC Leasing Group
1 Bedroom Apartments

CNC Leasing Group

1031 N 6th StLafayette, IN 47904
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Monon Place
Studio to 2 Bedroom Apartments

Monon Place

510 Salem StLafayette, IN 47904
Student Housing
  • Utilities Included
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CNC Leasing Group
Studio to 1 Bedroom Apartments

CNC Leasing Group

1214 Columbia StLafayette, IN 47901
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Southpoint
1 to 2 Bedroom Apartments

Southpoint

2450 S Earl AveLafayette, IN 47905
  • Utilities Included
Showing Results 1-50, Page 1 of 3

Lafayette, IN Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 09/12/2025

Current apartment rentals in the Lafayette, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lafayette Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lafayette$3,798$83516

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, IN is a Studio unit found at Varsity in the Downtown West Lafaytte neighborhood priced from $599. Stonecrest Apartments in the Downtown Lafayette neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
VarsityThe Varsity - 109 **Short term Lease**Studio,1BA$599
Stonecrest ApartmentsStudioStudio,1BA$625
Wall StreetWall Street - Unit 1 ** Short Term Lease **1BR,1BA$715
West Lafayette ApartmentsStudio AvailableStudio,1BA$750
Downtown Lafayette Living!Studio1BR,1BA$795
Historic Downtown Apartments II2x12BR,1BA$800

Best Value Apartments for Rent in Lafayette, IN

As of September 12, 2025 the best value apartment in the Lafayette area is the $1.05 price per square foot 808 Main St Model at 808 Main St in the in the Downtown Lafayette neighborhood starting from $1,675. The second greatest value Lafayette apartment is the 2115 Main St Model at 2115 Main St, Unit 2115 starting at $1,325 with a $1.07 price per square foot in the Downtown Lafayette neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
808 Main St808 Main St2BR,1BA$1.05
2115 Main St, Unit 21152115 Main St2BR,1BA$1.07
1328 Ferry St, Unit 1328 Ferry St1328 Ferry St2BR,1BA$0.92
Chauncey Village2 Bedroom Townhome2BR,1.5BA$1.11
502-524 S 15th Street1BR/1.0BA1BR,1BA$1.00
2351 State Road 25 W(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.09
Waterford CourtTwo Bed One Bath (CN1)2BR,1BA$1.06
1018 North St, Unit 1018 12 North St1018 North St2BR,1BA$0.89
Shenandoah PropertiesWABASH II apartment1BR,1BA$0.98
1521 South St, Unit 31521 South St1BR,1BA$1.08

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Lafayette Overview

One of the top towns for individuals and families alike is Lafayette, IN. This is a town that is known for its pleasant weather, welcoming feel, and delicious food. Those who are looking for Lafayette apartments should know that affordable housing is available in this welcoming city. Anyone who is looking for apartments in Lafayette, IN must know where to live. This city sits in between Indianapolis and Chicago, providing easy access to both. The town of Lafayette, IN is also home to a strong educational system that attracts people from all over the country.

Why live in Lafayette, IN?

There are a few major reasons why people choose to live in Lafayette, IN. First, the weather is relatively stable throughout the year, never getting too hot or too cold. Second, this is an area of the country that is growing quickly, providing strong employment opportunities. Finally, the people in this town are friendly and welcoming to everyone who wants to call Lafayette, IN home.

Lafayette, IN
Population: 72,168

Ranked #499

in US Census Population by City

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Best Local Schools in
Lafayette, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lafayette, IN Rentals by Map

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See the most popular apartments and homes in Lafayette, IN

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Getting Around Lafayette, IN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lafayette Apartments

What is the Cheapest Studio apartment in Lafayette?

Currently the most affordable Cheap Studio Apartment in Lafayette is at Varsity listed at $599.

How much is rent for a Cheap One Bedroom Lafayette Apartment?

The lowest price for a Cheap One Bedroom Lafayette Apartment is $715 at Wall Street.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lafayette is starting from $800 at Historic Downtown Apartments II.

What is the most affordable Lafayette Three Bedroom Apartment?

The best deal on a cheap Lafayette Three Bedroom Apartment rental is at 2351 State Road 25 W and starts from $1,050.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.