Cheap Homes for Rent in Lafayette, IN from $600 (65 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
property at 1629 N 15th St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

1629 N 15th St

LafayetteIN47904

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.

Read Article

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.

Read Article
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
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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 2

Lafayette, IN Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 03/15/2026

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$1,989$595129

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, IN is a Studio unit found at Varsity in the Downtown West Lafaytte neighborhood priced from $599. 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
VarsityThe Varsity - 109 **Short term Lease**Studio,1BA$599
Stonecrest ApartmentsStudioStudio,1BA$625
Launch3A3BR,3BA$649
Downtown Lafayette Living!StudioStudio,1BA$750
Pheasant RunThe Pheasant 1 BR 1 BA1BR,1BA$764
Waterford CourtStandard One Bedroom (SN1)1BR,1BA$775
Where Comfort Meets Value1 Bedroom1BR,1BA$795
AnandaAnanda - Economy - Unit 47 **Available Now**Studio,1BA$799
Historic Downtown Apartments II2x12BR,1BA$800

Best Value Apartments for Rent in Lafayette, IN

As of March 15, 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 in the in the Downtown Lafayette neighborhood starting from $1,800. The second greatest value Lafayette apartment is the 1831 N 13th St Model at 1831 N 13th St, Unit Unit A starting at $1,700 with a $0.89 price per square foot . 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 St122 N 3rd St2BR,1BA$0.84
1831 N 13th St, Unit Unit A1831 N 13th St2BR,2BA$0.89
102 N 3rd Street2Br, 2.5Ba2BR,2.5BA$1.16
2115 Main St, Unit 21152115 Main St2BR,1BA$1.05
633 S 16th St, Unit 633633 S 16th St3BR,1BA$1.07
Hawthorne PropertiesCYPRESS Apartment2BR,2BA$0.93
The Ravine Apartment Homes2 BR UPGRA2BR,1.5BA$1.11
Monon Place2 Bedroom 2 Bath2BR,2BA$1.07
Where Comfort Meets Value1 Bedroom1BR,1BA$1.14
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Lafayette, IN

View Map
Lafayette, IN Apartments Map
View Map
Lafayette, IN Rental Homes Map

Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 474 Apartments for Rent in Lafayette, IN with pricing that ranges from $595 to $3,600. There are also 114 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $675 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 $675 to $3,500 with an average monthly rent of $1,709.

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 $950 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,044.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.