
Cheap Homes for Rent in the Downtown Lafayette Neighborhood of Lafayette, IN from $710 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.


118 S 6th St, Unit 1

811 N 14th St

519 S 1st St, Unit 519.5

27 S 15th St

415 N 11th St

1 Bedroom W/ Loft Area
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.

721 S 9th St

320 Brown St

714 S 5th St, Unit 714 1/2

1123 Main St

635-639 Oregon Street, Unit 637

1703 Union St

602 S 10th St, Unit B
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.
Downtown Lafayette, Lafayette, IN Local Guide

How much does it cost to rent a home in Downtown Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lafayette 2 Bedroom Homes for Rent | $1,347 | $710 | $2,500 |
| Downtown Lafayette 3 Bedroom Homes for Rent | $2,096 | $1,025 | $3,300 |
| Downtown Lafayette 4 Bedroom Homes for Rent | $2,807 | $1,800 | $3,998 |
| Downtown Lafayette 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Lafayette Neighborhood of Lafayette, IN.
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Downtown Lafayette, Lafayette, IN Local Guide
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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 Uptown West priced from $618. 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 |
|---|---|---|---|
| Uptown West | Uptown West - Studio **PROMO PRICING** | Studio,1BA | $618 |
| Stonecrest Apartments | Studio | Studio,1BA | $625 |
| 500 | 2BR/1.0BA | 2BR,1BA | $675 |
| Wall Street | Wall Street - Unit 6 | 1BR,1BA | $749 |
| Armory Loft | 1 Bdr Triplex | 1BR,1BA | $760 |
Best Value Apartments for Rent in Downtown Lafayette, IN
As of September 05, 2026 the best value apartment in the Downtown Lafayette area is the $1.27 price per square foot 2BR/2.5BA Model at Brownstone Condominiums in the in the Downtown Lafayette neighborhood starting from $2,250. The second greatest value Downtown Lafayette apartment is the 2BR/2.0BA Model at 102 N 3rd Street starting at $1,750 with a $1.20 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. |
|---|---|---|---|
| Brownstone Condominiums | 2BR/2.5BA | 2BR,2.5BA | $1.27 |
| 102 N 3rd Street | 2BR/2.0BA | 2BR,2BA | $1.20 |
| Adams Earl-900 N 21st | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| 631 S 16th St, Unit 631 | 631 S 16th St | 3BR,1BA | $1.11 |
| 122 N 3rd St | 122 N 3rd St | 2BR,1BA | $1.06 |
| Salisbury Place | Salisbury Place - 2027-28 Early Inquiry List | 3BR,2BA | $0.93 |
| 1015 Main St, Unit 11 | 1015 Main St | 1BR,1BA | $1.11 |
| Victory on Salisbury | 3BR/1BA | 3BR,1BA | $0.98 |
| 1102 N 10th St, Unit 4 | 1102 N 10th St | Studio ,1BA | $1.07 |
| Wall Street | Wall Street - Unit 6 | 1BR,1BA | $1.24 |
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.
Read ArticleNavigating 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.
Read ArticleReal 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.
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 Downtown Lafayette
What type of rentals are currently available in Downtown Lafayette?
There are currently 239 Apartments for Rent in Downtown Lafayette, IN with pricing that ranges from $535 to $9,999. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $710 to $3,998.
What is the current price range for Rental Homes in Downtown Lafayette?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lafayette ranges from $710 to $3,998 with an average monthly rent of $1,669.
How much are larger Three and Four Bedroom Rentals in Downtown Lafayette?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lafayette range from $779 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $729.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.