2333 IN-25
LafayetteIN47909
Cheap Homes for Rent in Lafayette, IN from $500 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.
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$5351 Bedroom Apartments Available Now
124 S 6th St, Unit 1
124 S 6th StLafayette, IN 47901
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$5351 Bedroom Apartments Available Now
118 S 6th St, Unit 1
118 S 6th StLafayette, IN 47901
519 S 1st St, Unit 519.5
519 S 1st St
LafayetteIN47905
27 S 15th St
LafayetteIN47905
1429 South St
LafayetteIN47905
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.
415 N 11th St
LafayetteIN47904
525 N Russell St, Unit IC House
525 N Russell St
West LafayetteIN47906
1123 Main St
LafayetteIN47901
612 New York St
LafayetteIN47901
1606 N 18th St
LafayetteIN47904
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$1,1952 Bedroom Apartments Available Oct 9
635-639 Oregon Street, Unit 637
635-639 Oregon StLafayette, IN 47901
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.
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$1,2002 Bedroom Apartments Available Now
1410 Joseph St, Unit 1412
1410 Joseph StLafayette, IN 47905
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$1,2002 Bedroom Apartments Available Now
602 S 10th St, Unit B
602 S 10th StLafayette, IN 47905
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$1,2002 Bedroom Apartments Available Now
1410 Joseph St, Unit 1420
1410 Joseph StLafayette, IN 47905
1722 Vinton St
LafayetteIN47904
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$1,2502 Bedroom Apartments Available Nov 6
1426 Kossuth St, Unit #B
1426 Kossuth StLafayette, IN 47905
3310 Elmwood Ave
LafayetteIN47904
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.
4 Strawhat Dr
LafayetteIN47909
4518 Chisholm Trail
LafayetteIN47909
132 S 31st St
LafayetteIN47904
4405 W Wagonwheel Trail
LafayetteIN47909
60 Strawhat Dr
LafayetteIN47909
410 Vineyards Ct
LafayetteIN47905
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.
906 Eastwich Dr
LafayetteIN47905
2849 Plaza Ct
LafayetteIN47909
499 Littleton St
West LafayetteIN47906
Showing Results 1-27, Page 1 of 1
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 | $1,348 | $900 | $2,500 |
| Lafayette 3 Bedroom Homes for Rent | $1,826 | $1,300 | $2,625 |
| Lafayette 4 Bedroom Homes for Rent | $2,810 | $1,795 | $5,200 |
| Lafayette 5 Bedroom Homes for Rent | $2,707 | $2,000 | $3,500 |
| Lafayette 6 Bedroom Homes for Rent | $1,100 | $1,100 | $1,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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: 09/13/2026Current apartment rentals in the Lafayette, IN area range in price from $535 to $9,999 with an overall median price of $1,680. 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 | $1,680 | $535 | 171 |
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. 401 N Salisbury in the Downtown West Lafaytte neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $499. 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 |
| 401 N Salisbury | 1BR/1.0BA | 1BR,1BA | $499 |
| Leslie Manor Apartments | 3 Bedroom-Floorplan C | 3BR,1BA | $533 |
| Uptown West | Uptown West - Studio **PROMO PRICING** | Studio,1BA | $618 |
| Stonecrest Apartments | Studio | Studio,1BA | $625 |
| 420 S Chauncey Avenue | 1BR/1.0BA | 1BR,1BA | $649 |
| Varsity | The Varsity - Studio #100 | Studio,1BA | $660 |
| 271 | 2 bedroom/1 bath- rent by the room (female & ma... | 2BR,1BA | $675 |
| 500 | 2BR/1.0BA | 2BR,1BA | $675 |
Best Value Apartments for Rent in Lafayette, IN
As of September 13, 2026 the best value apartment in the Lafayette area is the $0.85 price per square foot 2BR/1.5BA Model at Adams Earl-900 N 21st in the in the Downtown Lafayette neighborhood starting from $1,195. The second greatest value Lafayette apartment is the 122 N 3rd St Model at 122 N 3rd St starting at $1,250 with a $1.06 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. |
|---|---|---|---|
| Adams Earl-900 N 21st | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| 122 N 3rd St | 122 N 3rd St | 2BR,1BA | $1.06 |
| 1015 N 6th St, Unit 103-3 | 1015 N 6th St | 4BR,2BA | $0.97 |
| Downtown Lafayette Living! | 2 Bedroom | 2BR,1BA | $1.05 |
| Settlement Apartments | Four Bedroom, One Bath | 4BR,1BA | $0.85 |
| Salisbury Place | Salisbury Place - 2027-28 Early Inquiry List | 3BR,2BA | $0.72 |
| Beau Jardin | 2 Bed Grand | 2BR,1BA | $1.00 |
| Shadeland Estates | 3BR/1.0BA | 3BR,1BA | $1.08 |
| Windsor West Apartments | 2BR/1.0BA | 2BR,1BA | $1.03 |
| 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.
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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 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.
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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
Amelia Earhart Elementary School
Lafayette School Corporation
Public School - Grades K-5 (455)
7 out of 10
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 540 Apartments for Rent in Lafayette, IN with pricing that ranges from $499 to $9,999. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $900 to $5,200.
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 $900 to $5,200 with an average monthly rent of $1,974.
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 $9,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,625. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $889.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.