Cheap Homes for Rent in Lafayette, IN from $600 (41 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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property at 321 S 3rd St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 14

321 S 3rd St

LafayetteIN47901
property at 1114 Cincinnati St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1114 Cincinnati St

LafayetteIN47904

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1508 Broadway St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 2 Bath Townhome for Rent

Available Now

1508 Broadway St

LafayetteIN47905
property at 525 N Russell St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

6 Bedroom, 4 Bath Home for Rent

Available Now

525 N Russell St, Unit IC House

525 N Russell St
West LafayetteIN47906

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-41, Page 1 of 1

Lafayette, IN Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 06/15/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lafayette$2,698$90011

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. Windsor West Apartments Homes 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 ListingModel NameBed/BathPriced From
Stonecrest ApartmentsStudioStudio,1BA$625
Windsor West Apartments Homes2 Bedroom 1 Bath2BR,1BA$650
Launch3B3BR,3BA$659
Armory Loft1 Bdr Triplex1BR,1BA$760
Historic Downtown Apartments II2x12BR,1BA$800
911 N 9th Street2BR/1.0BA2BR,1BA$825
Bay Pointe ApartmentsThe Cape 1 BR 1 BA1BR,1BA$841
Pheasant RunThe Quail Run 1 BR 1 BA1BR,1BA$845
Georgetown South1 Bedroom1BR,1BA$900
Bradford Place1BR 1BA1BR,1BA$908

Best Value Apartments for Rent in Lafayette, IN

As of June 15, 2026 the best value apartment in the Lafayette area is the $1.19 price per square foot 4BR - D1 Model at EVER West Lafayette in the in the Discovery Park neighborhood starting from $1,469. The second greatest value Lafayette apartment is the 4BD/4BA - D2 Model at VERVE West Lafayette starting at $1,459 with a $1.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
EVER West Lafayette4BR - D14BR,4BA$1.19
VERVE West Lafayette4BD/4BA - D24BR,4BA$1.20
631 S 16th St, Unit 631631 S 16th St3BR,1BA$1.17
3974 Amelia Ave2BD/1BR Townhouse2BR,1.5BA$1.10
Shadeland Estates(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.14
120 Twyckenham Blvd, Unit 11120 Twyckenham Blvd2BR,2BA$1.19
Victory on Salisbury3BR/1BA3BR,1BA$1.10
Windsor West Apartments Homes2 Bedroom 1 Bath2BR,1BA$0.90
2712BR/1.0BA2BR,1BA$1.07
Pierce Street Apartments2/12BR,1BA$1.00

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Best Local Schools in
Lafayette, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lafayette, IN Rentals by Map

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Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 518 Apartments for Rent in Lafayette, IN with pricing that ranges from $575 to $3,600. There are also 149 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $649 to $8,040.

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 $649 to $8,040 with an average monthly rent of $1,459.

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 $633 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $575.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.