
Cheap Homes for Rent in Lafayette, IN from $600 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.


1910 Kossuth St

2836 Plaza Ln

1941 Echo St

1300 Morton St

612 Robinson 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

732 S 26th St

31 S 15th St

525 N Russell St, Unit IC House
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.

512 S 1st St

1916 Salem St

1150 Windsor Dr

131 S 28th St

612 New York St

726 S 31st St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1513 Mitch Daniels Blvd, Unit 309B

1123 Main St
Lafayette, IN Local Guide

How much does it cost to rent a home in Lafayette?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lafayette 2 Bedroom Homes for Rent | $1,364 | $750 | $2,745 |
Lafayette 3 Bedroom Homes for Rent | $1,897 | $1,095 | $3,500 |
Lafayette 4 Bedroom Homes for Rent | $2,426 | $900 | $4,000 |
Lafayette 5 Bedroom Homes for Rent | $2,150 | $1,750 | $2,500 |
Lafayette 6 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Browse Top Homes for Rent in Lafayette
Explore Lafayette
Lafayette, IN Local Guide
- Lafayette Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Neighborhoods for Apartments in Lafayette, IN
Pricing Updated: 07/21/2025Current apartment rentals in the Lafayette, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lafayette Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Downtown Lafayette | $2,200 | $750 | 10 |
Cheapest Available Lafayette Apartments for Rent
 The cheapest available apartment rental in Lafayette, IN is a Studio unit found at Stonecrest Apartments in the Downtown Lafayette neighborhood priced from $625. Launch in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Lafayette apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stonecrest Apartments | Studio | Studio,1BA | $625 |
Launch | 2A | 2BR,2BA | $650 |
Downtown Lafayette Living! | Studio | 1BR,1BA | $795 |
Historic Downtown Apartments II | 2x1 | 2BR,1BA | $800 |
The Luna Flats | Luna Flats - 2-bed/2-bath (2C) **limited time o... | 2BR,2BA | $850 |
Best Value Apartments for Rent in Lafayette, IN
As of July 21, 2025 the best value apartment in the Lafayette area is the $1.16 price per square foot 3x2.5TH R Model at Village Square Apartments in the starting from $1,490. The second greatest value Lafayette apartment is the 4x3 D Model at Hub on Campus West Lafayette starting at $1,145 with a $0.93 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Village Square Apartments | 3x2.5TH R | 3BR,2.5BA | $1.16 |
Hub on Campus West Lafayette | 4x3 D | 4BR,3BA | $0.93 |
1109 Brown St, Unit 1109 1/2 Brown | 1109 Brown St | 2BR,1BA | $0.86 |
The Ravine Apartment Homes | 2 BR UPGRA | 2BR,1.5BA | $1.23 |
Crosswalk Commons | 4 Bedroom 2 Bath | 4BR,2BA | $0.71 |
1930 Salem St | 1930 Salem St | 1BR,1BA | $0.95 |
Ashley Oaks Apartments | D-2BR-1.5B | 2BR,1.5BA | $1.14 |
The Luna Flats | Luna Flats - 2-bed/2-bath (2C) **limited time o... | 2BR,2BA | $0.94 |
Cross Winds Apartments | 1x1 800 Sq Ft | 1BR,1BA | $1.25 |
415 N Chauncey Ave, Unit A | 415 N Chauncey Ave | 1BR,1BA | $1.06 |
Quick 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.
Frequently Asked Questions about Lafayette
What type of rentals are currently available in Lafayette?
There are currently 469 Apartments for Rent in Lafayette, IN with pricing that ranges from $625 to $4,481. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $685 to $4,000.
What is the current price range for Rental Homes in Lafayette?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette ranges from $685 to $4,000 with an average monthly rent of $1,628.
How much are larger Three and Four Bedroom Rentals in Lafayette?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette range from $830 to $3,492, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,500. Four Bedroom Single-Family rentals are also available starting from $900 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.