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Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, IN from $400 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lafayette area of Lafayette.
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$625 - $1,000Studio to 1 Bedroom Apartments Available Now
Stonecrest Apartments
1901 Union StLafayette, IN 47904
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912 Roberts St
LafayetteIN47904
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718 Brown St
LafayetteIN47901
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.
1735 Everett St
LafayetteIN47905
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800-806 N 8th St
LafayetteIN47904
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$750 - $1,495Studio to 4 Bedroom Apartments Available Now
Downtown Lafayette Living!
1214 Columbia StLafayette, IN 47901
620-622 S 10th St
LafayetteIN47905
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$795 - $1,4951 to 4 Bedroom Apartments Available Now
Where Comfort Meets Value
522-524 S 15th StLafayette, IN 47905
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$800 - $1,3501 to 2 Bedroom Apartments Available Now
Historic Downtown Apartments II
1123 Main StLafayette, IN 47901
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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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822 N 7th St
LafayetteIN47904
521 S 9th St
LafayetteIN47901
1117 S 4th St
LafayetteIN47905
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$985 - $1,1441 to 2 Bedroom Apartments Available Now
Vantage Pointe Apartments
901 S 4th StLafayette, IN 47905
514-516 N 9th St
LafayetteIN47904
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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.
Downtown Lafayette, Lafayette, IN Local Guide
How much does it cost to rent an apartment in Downtown Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lafayette Studio Apartments | $1,469 | $625 | $1,775 |
| Downtown Lafayette 1 Bedroom Apartments | $1,595 | $595 | $9,999 |
| Downtown Lafayette 2 Bedroom Apartments | $2,027 | $800 | $9,999 |
| Downtown Lafayette 3 Bedroom Apartments | $1,484 | $1,075 | $2,400 |
| Downtown Lafayette 4 Bedroom Apartments | $1,183 | $1,025 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 53 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
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- Local Counties
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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 Stonecrest Apartments priced from $625. Wall Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonecrest Apartments | Studio | Studio,1BA | $625 |
| Wall Street | Wall Street - Unit 1 ** Short Term Lease ** | 1BR,1BA | $715 |
| 800-806 N 8th / 718 Union | 0BR/1.0BA | Studio,1BA | $725 |
| Downtown Lafayette Living! | Studio | Studio,1BA | $750 |
| Downtown Lafayette Living! | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Downtown Lafayette, IN
As of October 16, 2025 the best value apartment in the Downtown Lafayette area is the $1.05 price per square foot 2115 Main St Model at 2115 Main St, Unit 2115 in the in the Downtown Lafayette neighborhood starting from $1,300. The second greatest value Downtown Lafayette apartment is the 320 Brown St Model at 320 Brown St, Unit 407 starting at $1,200 with a $1.12 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. |
|---|---|---|---|
| 2115 Main St, Unit 2115 | 2115 Main St | 2BR,1BA | $1.05 |
| 320 Brown St, Unit 407 | 320 Brown St | 3BR,2BA | $1.12 |
| 502-524 S 15th Street | 1BR/1.0BA | 1BR,1BA | $0.90 |
| 1513 Alabama St, Unit 2 | 1513 Alabama St | 2BR,1BA | $0.99 |
| The Union Apartments | Union St. - 2 Bedroom, 1 Bath | 2BR,1BA | $1.15 |
| 900 N 10th St, Unit 900 | 900 N 10th St | 1BR,1BA | $1.10 |
| Where Comfort Meets Value | 1 Bedroom | 1BR,1BA | $1.14 |
| 1102 N 10th St, Unit 4 | 1102 N 10th St | Studio ,1BA | $1.05 |
| 624 New York St, Unit A | 624 New York St | Studio ,1BA | $1.10 |
| 703 S 4th St, Unit 1 | 703 S 4th St | 1BR,1BA | $1.24 |
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read Article
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Pet Friendly LifestyleDowntown Lafayette, Lafayette, IN
Ranked #1
Among cities in Indiana 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®
65 / 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 $750.
What is the price of a cheap apartment in Downtown Lafayette?
The cheapest apartment in Downtown Lafayette is Wall Street which is listed at $715, while the average apartment in Downtown Lafayette costs $5,530.
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 374 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 $1,195 which is $4,335 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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.
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.