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from $595Studio to 4 Bedroom Apartments Available Now
Downtown Lafayette Living!
635-639 Oregon StLafayette, IN 47901
Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, IN from $400 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lafayette area of Lafayette.
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from $625Studio to 1 Bedroom Apartments Available Now
Stonecrest Apartments
1901 Union StLafayette, IN 47904
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1617 Ferry St
LafayetteIN47901
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from $8001 to 2 Bedroom Apartments Available Now
Historic Downtown Apartments II
1123 Main StLafayette, IN 47901
1024 N 8th St
LafayetteIN47904
1116-1118 Holloway St
LafayetteIN47905
521 S 9th St
LafayetteIN47901
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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.
811-813 Union St
LafayetteIN47904
1023-1025 Cincinnati St
LafayetteIN47904
504 S 4th St
LafayetteIN47901
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214 S 16th St
LafayetteIN47905
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from $9931 to 2 Bedroom Apartments Available Jun 6
Vantage Pointe Apartments
901 S 4th StLafayette, IN 47905
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
1012-1014 Hartford St
LafayetteIN47904
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from $1,0003 Bedroom Apartment Available Now
1311 Richards St, Unit B
1311 Richards StLafayette, IN 47904
1014-1016 N 7th St
LafayetteIN47904
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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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from $9403 to 4 Bedroom Apartments Available Now
Victory on Salisbury
300 N Salisbury StWest Lafayette, IN 47906
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Rent Specials
from $975Studio to 1 Bedroom Apartments Available Aug 15
Waldron - 221
221 Waldron StWest Lafayette, IN 47906
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Showing Results 1-40, Page 1 of 1
Downtown Lafayette, Lafayette, IN Local Guide
Lafayette downtown by Qsthomson is licensed under CCO 1.0
How much does it cost to rent an apartment in Downtown Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lafayette Studio Apartments | $1,583 | $595 | $1,850 |
| Downtown Lafayette 1 Bedroom Apartments | $1,545 | $725 | $2,299 |
| Downtown Lafayette 2 Bedroom Apartments | $1,647 | $800 | $2,664 |
| Downtown Lafayette 3 Bedroom Apartments | $1,319 | $879 | $2,330 |
| Downtown Lafayette 4 Bedroom Apartments | $1,058 | $940 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Downtown Lafayette Neighborhood of Lafayette, IN.
See all Apartments in LafayetteExplore Lafayette
Downtown Lafayette, Lafayette, IN Local Guide
- Nearby Lafayette neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Lafayette Apartments for Rent
The cheapest available apartment rental in the Downtown Lafayette area of Lafayette, IN is a Studio unit found at Downtown Lafayette Living! priced from $595. Stonecrest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Downtown Lafayette Living! | Studio | Studio,1BA | $595 |
| Stonecrest Apartments | Studio | Studio,1BA | $625 |
| Historic Downtown Apartments II | 2x1 | 2BR,1BA | $800 |
| Pheasant Run | The Retriever Studio | Studio,1BA | $865 |
| Crestview Apartments | Crestview III | Studio,1BA | $870 |
| The Luna Flats | Luna Flats - 2Bed/2Bath (2C) | 2BR,2BA | $899 |
| Victory on Salisbury | 4BR/1BA | 4BR,1BA | $940 |
| 502-524 S 15th Street | 1BR/1.0BA | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown Lafayette, IN
As of June 03, 2025 the best value apartment in the Downtown Lafayette area is the $1.38 price per square foot 1BR/1.0BA Model at The Press in the in the Downtown Lafayette neighborhood starting from $1,450. The second greatest value Downtown Lafayette apartment is the 2 Bed/2 Bath B Model at Sagamore Winds Apartments starting at $1,450 with a $1.38 price per square foot in the Downtown Lafayette neighborhood. Here is today’s list of the best values for Downtown Lafayette apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Press | 1BR/1.0BA | 1BR,1BA | $1.38 |
| Sagamore Winds Apartments | 2 Bed/2 Bath B | 2BR,2BA | $1.38 |
| Lahr Apartments | 2.1 I | 2BR,1BA | $1.44 |
| 502-524 S 15th Street | 1BR/1.0BA | 1BR,1BA | $1.00 |
| 1311 Richards St, Unit B | 1311 Richards St | 3BR,1BA | $1.00 |
| The Luna Flats | Luna Flats - 2Bed/2Bath (2C) | 2BR,2BA | $0.99 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.16 |
| Victory on Salisbury | 3BR/1BA | 3BR,1BA | $1.37 |
| Historic Downtown Apartments II | 2x1 | 2BR,1BA | $1.28 |
| 930 N 6th St, Unit 4 | 930 N 6th St | 1BR,1BA | $1.45 |
Quick Rent Budget Calculator
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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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Pet Friendly LifestyleDowntown Lafayette, Lafayette, IN
Ranked #1
Among neighborhoods in Lafayette, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Lafayette Neighborhood in Lafayette, IN
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
66 / 100
Bikeable
Some bike infrastructure
Transit Score®
50 / 100
Good Transit
Many 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 Downtown Lafayette Apartments
What is a cheap apartment in Downtown Lafayette?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lafayette is under $995.
What is the price of a cheap apartment in Downtown Lafayette?
The cheapest apartment in Downtown Lafayette is Downtown Lafayette Living! which is listed at $795, while the average apartment in Downtown Lafayette costs $1,764.
What types of apartments are the cheapest in Downtown 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 37 regular apartments in Downtown 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 Downtown Lafayette?
Cheap apartments in Downtown Lafayette have an average cost of $523 which is $1,241 cheaper than the average rent for all rentals in Downtown Lafayette.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
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.