
Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, IN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.


1941 Echo St
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.

417 N 11th St

415 N 11th St
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.

31 S 15th St
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 | $1,090 | $750 | $1,800 |
Downtown Lafayette 3 Bedroom Homes for Rent | $1,798 | $1,595 | $2,000 |
Downtown Lafayette 4 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
Downtown Lafayette 5 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Lafayette Neighborhood of Lafayette, IN.
Explore Lafayette
Downtown Lafayette, Lafayette, IN Local Guide
- Nearby Lafayette neighborhoods
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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. Downtown Lafayette Living! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. 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 |
Downtown Lafayette Living! | Studio | 1BR,1BA | $795 |
Historic Downtown Apartments II | 2x1 | 2BR,1BA | $800 |
Best Value Apartments for Rent in Downtown Lafayette, IN
As of June 20, 2025 the best value apartment in the Downtown Lafayette area is the $1.81 price per square foot Two Bedroom H Model at MARQ in the in the Downtown Lafayette neighborhood starting from $2,239. The second greatest value Downtown Lafayette apartment is the 1BR/1.0BA Model at 502-524 S 15th Street starting at $995 with a $1.00 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. |
---|---|---|---|
MARQ | Two Bedroom H | 2BR,2BA | $1.81 |
502-524 S 15th Street | 1BR/1.0BA | 1BR,1BA | $1.00 |
1311 Richards St, Unit B | 1311 Richards St | 3BR,1BA | $1.00 |
Nova | 2BR/2.0BA | 2BR,2BA | $1.57 |
The Luna Flats | Luna Flats - 2Bed/2Bath (2C) | 2BR,2BA | $0.99 |
610 South St, Unit 8 | 610 South St | 2BR,1BA | $1.71 |
1416 South St, Unit A | 1416 South St | 2BR,1BA | $1.53 |
Victory on Salisbury | 3BR/1BA | 3BR,1BA | $1.31 |
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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Frequently Asked Questions about Downtown Lafayette
What type of rentals are currently available in Downtown Lafayette?
There are currently 182 Apartments for Rent in Downtown Lafayette, IN with pricing that ranges from $625 to $2,664. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $750 to $2,200.
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 $750 to $2,200 with an average monthly rent of $1,621.
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 $941 to $1,899, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $897.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.