Cheap Apartments for Rent in Lafayette, LA from $500 (82 Rentals)

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property at 702 Bonin Rd

702 Bonin Rd

LafayetteLA70508

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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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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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.

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Lafayette, LA Local Guide

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Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 06/13/2025

Current apartment rentals in the Lafayette, LA 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$3,300$7805
Central Lafayette Parish$5,150$775107
North Lafayette Parish$5,150$750103

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a Studio unit found at Acadian Crossing/Utilities Included in the Central Lafayette Parish neighborhood priced from $695. Chateau Lafayette Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$695
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$700
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Lila PlaceLPA21BR,1BA$757
Stonegate Apartments1x11BR,1BA$760
City Heights Steeplechase C.H.A.M.1x11BR,1BA$765
Diamond Lakes Apartment Homes1 Bedroom1BR,1BA$787
Holly PlaceHPA11BR,1BA$795
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Brookwood (Patriot Point of Lafayette)2 Bed 1 Bath2BR,1BA$825

Best Value Apartments for Rent in Lafayette, LA

As of June 13, 2025 the best value apartment in the Lafayette area is the $0.91 price per square foot 3 Bed 3 Bath Model at Maison Bocage Apartments in the in the Central Lafayette Parish neighborhood starting from $1,645. The second greatest value Lafayette apartment is the 3 Bedroom Model at Brooke Pointe starting at $1,250 with a $0.99 price per square foot in the Central Lafayette Parish 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.
Maison Bocage Apartments3 Bed 3 Bath3BR,3BA$0.91
Brooke Pointe3 Bedroom3BR,2BA$0.99
Holly PlaceHPC13BR,2BA$1.10
Riverside At Oakbourne TownhomesTwo Bedroom2BR,1.5BA$1.11
Bayou Shadows Apartment Homes2br2ba 962 Sq.Ft.2BR,2BA$1.14
Park Place Apartments2 Bedrooms/ 1.5 Bath2BR,1.5BA$0.96
Brookwood (Patriot Point of Lafayette)3 Bed 1 Bath3BR,1BA$1.04
Gallery Apartments2 Bedroom / 2 Bath - Plan C2BR,2BA$1.04
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$0.93
Stonegate Apartments1x11BR,1BA$1.15

Quick Rent Budget Calculator

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Lafayette Overview

Whether your interest lies in music, sports, art, or culture, Lafayette, Louisiana has something for you. Located in the southern part of the state, Lafayette is known for its diverse festivals, music, food, and cultural activities. Enjoy all the city has to offer in your very own Lafayette apartment.

Why live in Lafayette, LA?

What makes Lafayette so special is the diverse culture of the town. With a variety of cultures that provide the ethnic makeup of the town, you are able to find a range of music, food, and events to fill your days. The town hosts a variety of events throughout the year, such as Cajun Fairs, Creole Festivals, and Art walks. The area is also home to museums, clubs, and music venues that can fit anyone’s taste. Due to the variety of cuisine Lafayette has now been listed as one of the top foodie destinations.

Best Local Schools in
Lafayette, LA

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lafayette, LA Rentals by Map

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See the most popular apartments and homes in Lafayette, LA

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Getting Around Lafayette, LA

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lafayette Apartments

How much is rent for a Cheap One Bedroom Lafayette Apartment?

The lowest price for a Cheap One Bedroom Lafayette Apartment is $750 at Garden Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Lafayette Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lafayette is starting from $700 at Chateau Lafayette Apartments.

What is the most affordable Lafayette Three Bedroom Apartment?

The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Brookwood (Patriot Point of Lafayette) and starts from $950.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.