Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, IN from $700 (5 Rentals)

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

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.

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.

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. 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 ListingModel NameBed/BathPriced From
Stonecrest ApartmentsStudioStudio,1BA$625
Downtown Lafayette Living!Studio1BR,1BA$795
Historic Downtown Apartments II2x12BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
MARQTwo Bedroom H2BR,2BA$1.81
502-524 S 15th Street1BR/1.0BA1BR,1BA$1.00
1311 Richards St, Unit B1311 Richards St3BR,1BA$1.00
Nova2BR/2.0BA2BR,2BA$1.57
The Luna FlatsLuna Flats - 2Bed/2Bath (2C)2BR,2BA$0.99
610 South St, Unit 8610 South St2BR,1BA$1.71
1416 South St, Unit A1416 South St2BR,1BA$1.53
Victory on Salisbury3BR/1BA3BR,1BA$1.31
Historic Downtown Apartments II2x12BR,1BA$1.28
930 N 6th St, Unit 4930 N 6th St1BR,1BA$1.45

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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.

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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.

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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.

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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.

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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.