Cheap Homes for Rent in Lafayette, IN from $600 (22 Rentals)

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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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property at 405 N Salisbury St

$999

5 Bedroom, 2 Bath Home for Rent

Available Aug 14

405 N Salisbury St

West LafayetteIN47906

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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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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Showing Results 1-22, Page 1 of 1

Lafayette, IN Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 01/28/2026

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$1,999$49599

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. 232 Pierce St (Pierce Street Apartments) in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. 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
232 Pierce St (Pierce Street Apartments)2/12BR,1BA$600
Stonecrest ApartmentsStudioStudio,1BA$625
Launch3A3BR,3BA$649
Waterford CourtStandard One Bedroom (SN1)1BR,1BA$735

Best Value Apartments for Rent in Lafayette, IN

As of January 28, 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 809 Vine St Model at 809 Vine St, Unit Bedroom 2 starting at $800 with a $0.56 price per square foot in the Downtown West Lafaytte 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 St3BR,1BA$0.84
809 Vine St, Unit Bedroom 2809 Vine St1BR,1BA$0.56
Windemere Apartments3 bed 2 bath Renovated3BR,2BA$1.10
2115 Main St, Unit 21152115 Main St2BR,1BA$1.05
Mayfair Village3 Bed 1 Bath3BR,1BA$1.03
Beau Jardin2 Bed Deluxe2BR,1.5BA$1.04
River Cross3 Bedroom-Standard3BR,1BA$1.11
Monon Place2 Bedroom 2 Bath2BR,2BA$1.07
Where Comfort Meets Value1 Bedroom1BR,1BA$1.14
232 Pierce St (Pierce Street Apartments)2/12BR,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.

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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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See the most popular apartments and homes in Lafayette, IN

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Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 486 Apartments for Rent in Lafayette, IN with pricing that ranges from $495 to $3,600. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $673 to $4,000.

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 $673 to $4,000 with an average monthly rent of $1,544.

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 $1,053 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $999.

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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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.

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.