Cheap Apartments for Rent in Lafayette, IN from $400 with Washer/Dryer (69 Rentals)

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

property at 519 S 1st St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Aug 20

519 S 1st St, Unit 519.5

519 S 1st St
LafayetteIN47905
property at 725 S 30th St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 20

725 S 30th St

LafayetteIN47904

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Ridge 2
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
2 Bedroom Apartments Available Now

The Ridge 2

1421-1423 Sunset Ridge DrLafayette, IN 47905
Student Housing
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  • Utilities Included
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property at 2100 Underwood St

$980

Total Monthly Price

Total Monthly Price

Base Rent
$980
Total Monthly Price
$980

2 Bedroom, 1 Bath Home for Rent

Available Aug 21

2100 Underwood St

LafayetteIN47904

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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616 Ferry St, Unit Apt 3
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
2 Bedroom Apartment Available Aug 8

616 Ferry St, Unit Apt 3

616 Ferry StLafayette, IN 47901
Affordability
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1123 Main St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Aug 20

1123 Main St

LafayetteIN47901
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Uptown West
Studio to 2 Bedroom Apartments

Uptown West

705-707 N 5th StLafayette, IN 47901
Student Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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911 N 9th Street
Studio to 2 Bedroom Apartments

911 N 9th Street

911 N 9th StLafayette, IN 47904
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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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Armory Loft
Studio to 2 Bedroom Apartments

Armory Loft

802 N 9th StLafayette, IN 47904
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Northfield Commons
1 to 2 Bedroom Apartments

Northfield Commons

2100-2220 Banstead CtLafayette, IN 47904
  • Utilities Included
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Overlook Pointe
1 to 4 Bedroom Apartments

Overlook Pointe

726 Elston RdLafayette, IN 47909
  • Utilities Included
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Schultz Lofts
Studio to 2 Bedroom Apartments

Schultz Lofts

216 N 4th StLafayette, IN 47901
  • Utilities Included

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

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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Lafayette, IN Local Guide

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Lafayette, IN

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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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Frequently Asked Questions about Cheap Lafayette Apartments

What is a cheap apartment in Lafayette?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette is under $760.

What is the price of a cheap apartment in Lafayette?

The cheapest apartment in Lafayette is Southfork Apartments which is listed at $499, while the average apartment in Lafayette costs $1,964.

What types of apartments are the cheapest in Lafayette?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 46 regular apartments in Lafayette that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lafayette?

Cheap apartments in Lafayette have an average cost of $1,153 which is $811 cheaper than the average rent for all rentals in Lafayette.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.