
Cheap Homes for Rent in Lafayette, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.


1941 Echo St

1300 Morton St

908 S 24th St
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.

417 N 11th St

31 S 15th St

1106 Potomac Ave

525 N Russell St, Unit IC House
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.
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 | $1,451 | $750 | $2,745 |
Lafayette 3 Bedroom Homes for Rent | $2,080 | $1,200 | $3,500 |
Lafayette 4 Bedroom Homes for Rent | $1,957 | $1,500 | $2,700 |
Lafayette 5 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
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
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Cheapest Neighborhoods for Apartments in Lafayette, IN
Pricing Updated: 06/02/2025Current 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 | $1,764 | $595 | 140 |
Cheapest Available Lafayette Apartments for Rent
 The cheapest available apartment rental in Lafayette, IN is a Studio unit found at Downtown Lafayette Living! in the Downtown Lafayette neighborhood priced from $595. 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 |
---|---|---|---|
Downtown Lafayette Living! | Studio | Studio,1BA | $595 |
Stonecrest Apartments | Studio | Studio,1BA | $625 |
Brampton Apartments | 1 bed 1 bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Lafayette, IN
As of June 03, 2025 the best value apartment in the Lafayette area is the $1.13 price per square foot 4x3 D Model at Hub on Campus West Lafayette in the in the Downtown West Lafaytte neighborhood starting from $1,395. The second greatest value Lafayette apartment is the 2 Bedroom Townhome -FALL -AVAILABLE TO SECURE~ ... Model at West Lafayette Apartments starting at $1,375 with a $1.20 price per square foot . 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. |
---|---|---|---|
Hub on Campus West Lafayette | 4x3 D | 4BR,3BA | $1.13 |
West Lafayette Apartments | 2 Bedroom Townhome -FALL -AVAILABLE TO SECURE~ ... | 2BR,1.5BA | $1.20 |
502-524 S 15th Street | 1BR/1.0BA | 1BR,1BA | $1.00 |
1311 Richards St, Unit B | 1311 Richards St | 3BR,1BA | $1.00 |
The Luna Flats | Luna Flats - 2Bed/2Bath (2C) | 2BR,2BA | $0.99 |
Georgetown South | 2 Bedroom | 2BR,1BA | $1.16 |
Portledge Commons | 1 BR 1 bath | 1BR,1BA | $1.01 |
Cross Winds Apartments | 1x1 800 Sq Ft | 1BR,1BA | $1.25 |
Village Square Apartments | 1X1B R | 1BR,1BA | $1.22 |
Brampton Apartments | 1 bed 1 bath | 1BR,1BA | $1.25 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Lafayette
What type of rentals are currently available in Lafayette?
There are currently 463 Apartments for Rent in Lafayette, IN with pricing that ranges from $595 to $4,780. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $750 to $3,500.
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 $750 to $3,500 with an average monthly rent of $1,670.
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 $985 to $3,497, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $940.
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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.