Cheap Homes for Rent in Lafayette, IN from $800 (31 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 401 N Salisbury St

$599 - $5,900

Studio To 10 Bedroom Rentals

Available Aug 20

Studio- PRIME LOCATION

401 N Salisbury St
West LafayetteIN47906
property at 519 S 1st St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Aug 20

519 S 1st St, Unit 519.5

519 S 1st St
LafayetteIN47905
property at 725 S 30th St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 20

725 S 30th St

LafayetteIN47904

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 2100 Underwood St

$980

Total Monthly Price

Total Monthly Price

Base Rent
$980

Total Monthly Price
$980

2 Bedroom, 1 Bath Home for Rent

Available Aug 21

2100 Underwood St

LafayetteIN47904
property at 1123 Main St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Aug 20

1123 Main St

LafayetteIN47901

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.

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.

Lafayette, IN Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 07/30/2026

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$1,964$56591

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, IN is a 1 Bed unit found at Southfork Apartments in the Discovery Park neighborhood priced from $499. Stonecrest Apartments in the Downtown Lafayette neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southfork Apartments1BR/1.0BA1BR,1BA$499
Stonecrest ApartmentsStudioStudio,1BA$625
Launch3B3BR,3BA$659
911 N 9th Street0BR/1.0BAStudio,1BA$695
1214 Columbia StreetStudioStudio,1BA$735
Monon Place2 Bedroom 1 Bath2BR,1BA$760
Armory Loft1 Bdr Triplex1BR,1BA$760

Best Value Apartments for Rent in Lafayette, IN

As of July 30, 2026 the best value apartment in the Lafayette area is the $0.47 price per square foot 204 S 6th St Model at 204 S 6th St, Unit Upstairs Unit in the in the Downtown Lafayette neighborhood starting from $1,400. The second greatest value Lafayette apartment is the 122 N 3rd St Model at 122 N 3rd St starting at $1,800 with a $0.84 price per square foot in the Downtown Lafayette 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.
204 S 6th St, Unit Upstairs Unit204 S 6th St2BR,1BA$0.47
122 N 3rd St122 N 3rd St2BR,1BA$0.84
Waterford CourtTwo Bed Townhome (T1)2BR,2.5BA$1.03
631 S 16th St, Unit 631631 S 16th St3BR,1BA$1.13
3974 Amelia Ave2 Bedroom, 1.5 Bath Townhouse2BR,1.5BA$1.10
The Ridge 22 Bed / 1 Bath2BR,1BA$0.96
Windsor West Apartments2BR/1.0BA2BR,1BA$1.06
Victory on Salisbury3BR/1BA3BR,1BA$0.98
Monon Place2 Bedroom 1 Bath2BR,1BA$1.00
2712BR/1.0BA2BR,1BA$1.07

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

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

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Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 529 Apartments for Rent in Lafayette, IN with pricing that ranges from $499 to $3,600. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $800 to $3,998.

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 $800 to $3,998 with an average monthly rent of $1,489.

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 $533 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $499.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.