Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, IN from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.

1434 South St

1910 Kossuth St

31 S 15th St

1916 Salem St

1123 Main St

205 S 6th St

516 Wabash Ave
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 | $1,137 | $750 | $1,400 |
Downtown Lafayette 3 Bedroom Homes for Rent | $1,560 | $1,095 | $2,500 |
Downtown Lafayette 4 Bedroom Homes for Rent | $2,659 | $1,600 | $3,996 |
Downtown Lafayette 5 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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
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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 $699. 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 8 ** Short Term Lease ** | 1BR,1BA | $699 |
Downtown Lafayette Living! | Studio | 1BR,1BA | $795 |
Best Value Apartments for Rent in Downtown Lafayette, IN
As of August 24, 2025 the best value apartment in the Downtown Lafayette area is the $1.13 price per square foot 808 Main St Model at 808 Main St in the in the Downtown Lafayette neighborhood starting from $1,800. The second greatest value Downtown Lafayette apartment is the Promo 1 - Jeffersonville Model at Pullman Station starting at $1,295 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
808 Main St | 808 Main St | 2BR,1BA | $1.13 |
Pullman Station | Promo 1 - Jeffersonville | 1BR,1BA | $1.05 |
1328 Ferry St, Unit 1328 Ferry St | 1328 Ferry St | 2BR,1BA | $1.00 |
320 Brown St, Unit 407 | 320 Brown St | 3BR,2BA | $1.16 |
Victory on Salisbury | 3BR/1BA | 3BR,1BA | $1.31 |
The Emerson Apartments | Brown St. - 2 Bedroom, 1 Bath | 2BR,1BA | $1.39 |
1204 North St, Unit 2 | 1204 North St | Studio ,1BA | $1.30 |
Armory Loft | 1 Bedroom | 1BR,1BA | $1.34 |
Historic Downtown Apartments II | 2x1 | 2BR,1BA | $1.28 |
1521 South St, Unit 3 | 1521 South St | 1BR,1BA | $1.08 |
Quick Rent Budget Calculator
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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
Frequently Asked Questions about Downtown Lafayette
What type of rentals are currently available in Downtown Lafayette?
There are currently 189 Apartments for Rent in Downtown Lafayette, IN with pricing that ranges from $595 to $2,967. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $725 to $3,996.
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 $725 to $3,996 with an average monthly rent of $1,656.
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 $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,600 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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.