Cheap Homes for Rent in Lafayette, IN from $800 (53 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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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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property at 1015 Courtland Ave

$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 Now

1015 Courtland Ave

LafayetteIN47905

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.

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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.

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Showing Results 1-50, Page 1 of 2

Lafayette, IN Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 04/29/2026

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$2,005$85010

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 3 Beds apartment currently listed from $649. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonecrest ApartmentsStudioStudio,1BA$625
Launch3A3BR,3BA$649
VarsityThe Varsity - 109 **Short term Lease**Studio,1BA$699
Salisbury PlaceSalisbury Place - 130 #4 **Individual Lease Pri...3BR,2BA$699
Downtown Lafayette Living!StudioStudio,1BA$750
Pheasant RunThe Retriever StudioStudio,1BA$766
Waterford CourtStandard One Bedroom (SN1)1BR,1BA$775

Best Value Apartments for Rent in Lafayette, IN

As of April 29, 2026 the best value apartment in the Lafayette area is the $0.84 price per square foot 122 N 3rd St Model at 122 N 3rd St, Unit 230 in the in the Downtown Lafayette neighborhood starting from $1,800. The second greatest value Lafayette apartment is the 2BR/2.5BA Model at 102 N 3rd Street starting at $1,995 with a $1.16 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.
122 N 3rd St, Unit 230122 N 3rd St2BR,1BA$0.84
102 N 3rd Street2BR/2.5BA2BR,2.5BA$1.16
The Press1 Bedroom1BR,1BA$0.77
2115 Main St, Unit 21152115 Main St2BR,1BA$0.97
Village Square Apartments2x1.5TH R2BR,1.5BA$1.07
631 S 16th St, Unit 631631 S 16th St3BR,1BA$1.14
Where Comfort Meets Value1 Bedroom1BR,1BA$1.14
1102 N 10th St, Unit 11102 N 10th St1BR,1BA$1.02
1321 Morton St, Unit 21321 Morton St1BR,1BA$1.17
Pierce Street Apartments2/12BR,1BA$1.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 512 Apartments for Rent in Lafayette, IN with pricing that ranges from $500 to $3,600. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $850 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 $850 to $8,040 with an average monthly rent of $1,622.

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 $649 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $1,029.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.