Cheap Homes for Rent in Lafayette, IN from $600 (19 Rentals)

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Lafayette, IN Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 09/08/2025

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$1,800$75020

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. Varsity in the Downtown West Lafaytte neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonecrest ApartmentsStudioStudio,1BA$625
VarsityThe Varsity - 109 **Short term Lease**Studio,1BA$699
Wall StreetWall Street - Unit 1 ** Short Term Lease **1BR,1BA$715
Waterford CourtStandard One Bedroom (SN1)1BR,1BA$715
West Lafayette ApartmentsStudio AvailableStudio,1BA$750

Best Value Apartments for Rent in Lafayette, IN

As of September 08, 2025 the best value apartment in the Lafayette area is the $1.05 price per square foot 808 Main St Model at 808 Main St in the in the Downtown Lafayette neighborhood starting from $1,675. The second greatest value Lafayette apartment is the 3x2 R Model at Village Square Apartments starting at $1,427 with a $1.13 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.
808 Main St808 Main St2BR,1BA$1.05
Village Square Apartments3x2 R3BR,2BA$1.13
2115 Main St, Unit 21152115 Main St2BR,1BA$1.07
1328 Ferry St, Unit 1328 Ferry St1328 Ferry St2BR,1BA$0.92
320 Brown St, Unit 407320 Brown St3BR,2BA$1.16
The Ravine Apartment Homes2BR2BR,2BA$1.11
502-524 S 15th Street1BR/1.0BA1BR,1BA$1.00
1018 North St, Unit 1018 12 North St1018 North St2BR,1BA$0.89
Shenandoah PropertiesWABASH II apartment1BR,1BA$0.98
1521 South St, Unit 31521 South St1BR,1BA$1.08

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Lafayette, IN
Population: 72,168

Ranked #499

in US Census Population by City

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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 471 Apartments for Rent in Lafayette, IN with pricing that ranges from $625 to $6,200. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $685 to $3,860.

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 $685 to $3,860 with an average monthly rent of $1,654.

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 $799 to $2,241, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,449 and Four Bedroom Apartments start at $1,025.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.