Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, IN from $900 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.

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.

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.

Downtown Lafayette, Lafayette, IN Local Guide

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 ListingModel NameBed/BathPriced From
Stonecrest ApartmentsStudioStudio,1BA$625
Wall StreetWall Street - Unit 1 ** Short Term Lease **1BR,1BA$715
800-806 N 8th / 718 Union0BR/1.0BAStudio,1BA$725

Best Value Apartments for Rent in Downtown Lafayette, IN

As of October 08, 2025 the best value apartment in the Downtown Lafayette area is the $1.05 price per square foot 808 Main St Model at 808 Main St, Unit 808 Main Street in the in the Downtown Lafayette neighborhood starting from $1,675. The second greatest value Downtown Lafayette apartment is the 2115 Main St Model at 2115 Main St, Unit 2115 starting at $1,300 with a $1.05 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 ListingModel NameBed/BathPrice Per Sq.Ft.
808 Main St, Unit 808 Main Street808 Main St2BR,1BA$1.05
2115 Main St, Unit 21152115 Main St2BR,1BA$1.05
320 Brown St, Unit 407320 Brown St3BR,2BA$1.12
502-524 S 15th Street1BR/1.0BA1BR,1BA$0.90
1513 Alabama St, Unit 21513 Alabama St2BR,1BA$0.99
900 N 10th St, Unit 900900 N 10th St1BR,1BA$1.10
311 Fountain St, Unit 311 Fountain Street Laf311 Fountain St2BR,2.5BA$0.80
1102 N 10th St, Unit 41102 N 10th StStudio ,1BA$1.05
624 New York St, Unit A624 New York StStudio ,1BA$1.10
703 S 4th St, Unit 1703 S 4th St1BR,1BA$1.24

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Lafayette, Lafayette, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown Lafayette

What type of rentals are currently available in Downtown Lafayette?

There are currently 200 Apartments for Rent in Downtown Lafayette, IN with pricing that ranges from $595 to $9,999. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $925 to $2,670.

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 $925 to $2,670 with an average monthly rent of $1,814.

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 $1,075 to $2,115, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,073 to $2,375. Four Bedroom Single-Family rentals are also available starting from $2,670 and Four Bedroom Apartments start at $1,025.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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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.