
Cheap Homes for Rent in Lafayette, IN from $800 (31 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.


118 S 6th St, Unit 1

1437 Alabama St, Unit #2

820 S 19th St

1910 Kossuth St

422 Asher St

1008 North St
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.

Studio- PRIME LOCATION

2814 Plaza Ln

217 Pierce St, Unit 217 Pierce St

519 S 1st St, Unit 519.5

725 S 30th St

2823 Plaza Ln

1 Bedroom W/ Loft Area
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.

2100 Underwood St

502-524 S 15th Street, Unit 504

721 S 9th St

549 S 3rd St

1123 Main St

120 Twyckenham Blvd, Unit 10

1426 Kossuth St, Unit #B
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.

401 Brunswick Dr, Unit 3

1609 Grove St

1611 Grove St

635-639 Oregon Street, Unit 637

2 Bed 1 Bath Single Family Home

612 New York St

2026 Vinton St
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.

1819 N 18th St

906 Eastwich Dr

1609 Arlington Rd
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 | $1,375 | $840 | $2,500 |
| Lafayette 3 Bedroom Homes for Rent | $1,813 | $1,195 | $2,600 |
| Lafayette 4 Bedroom Homes for Rent | $2,502 | $1,500 | $3,998 |
Browse Top Homes for Rent in Lafayette
Explore Lafayette
Lafayette, IN Local Guide
- Lafayette Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Neighborhoods for Apartments in Lafayette, IN
Pricing Updated: 07/30/2026Current 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 | $1,964 | $565 | 91 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southfork Apartments | 1BR/1.0BA | 1BR,1BA | $499 |
| Stonecrest Apartments | Studio | Studio,1BA | $625 |
| Launch | 3B | 3BR,3BA | $659 |
| 911 N 9th Street | 0BR/1.0BA | Studio,1BA | $695 |
| 1214 Columbia Street | Studio | Studio,1BA | $735 |
| Monon Place | 2 Bedroom 1 Bath | 2BR,1BA | $760 |
| Armory Loft | 1 Bdr Triplex | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 204 S 6th St, Unit Upstairs Unit | 204 S 6th St | 2BR,1BA | $0.47 |
| 122 N 3rd St | 122 N 3rd St | 2BR,1BA | $0.84 |
| Waterford Court | Two Bed Townhome (T1) | 2BR,2.5BA | $1.03 |
| 631 S 16th St, Unit 631 | 631 S 16th St | 3BR,1BA | $1.13 |
| 3974 Amelia Ave | 2 Bedroom, 1.5 Bath Townhouse | 2BR,1.5BA | $1.10 |
| The Ridge 2 | 2 Bed / 1 Bath | 2BR,1BA | $0.96 |
| Windsor West Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
| Victory on Salisbury | 3BR/1BA | 3BR,1BA | $0.98 |
| Monon Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.00 |
| 271 | 2BR/1.0BA | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Lafayette, IN
Glen Acres Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lafayette, IN Rentals by Map
See the most popular apartments and homes in Lafayette, IN
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

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.

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.

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.

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.