
Cheap Studio Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, IN from $500 (19 Rentals)


Stonecrest Apartments

Monon Place

911 N 10th St

Downtown Lafayette Living!

1222 Columbia St, Unit 1222 Columbia Street #2
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

1437 Alabama St, Unit #2

1222 Columbia St, Unit 1222 Columbia Street #1

803 Highland Ave

308 N 11th St, Unit 308 1/2

Total Monthly Price
1510 Alabama St, Unit 3, Unit 3

Uptown West
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.

CNC Leasing Group

Wall Street

Downtown Lafayette Living!

Armory Loft

800 N 8th St

214 Perrin Ave
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.

514-518 Main St
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 | $1,425 | $500 | $1,975 |
| Downtown Lafayette 1 Bedroom Apartments | $1,469 | $595 | $2,850 |
| Downtown Lafayette 2 Bedroom Apartments | $1,791 | $800 | $3,200 |
| Downtown Lafayette 3 Bedroom Apartments | $1,692 | $1,029 | $3,600 |
| Downtown Lafayette 4 Bedroom Apartments | $1,262 | $1,029 | $1,699 |
Explore Lafayette
Downtown Lafayette, Lafayette, IN Local Guide
- Nearby Lafayette neighborhoods
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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 ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
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
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 $955.
What is the price of a cheap apartment in Downtown Lafayette?
The cheapest apartment in Downtown Lafayette is Stonecrest Apartments which is listed at $625, while the average apartment in Downtown Lafayette costs $1,800.
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 62 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 $731 which is $1,069 cheaper than the average rent for all rentals in Downtown 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.