Cheap Apartments for Rent in Lafayette, LA from $500 (132 Rentals)

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207 Lana Dr, Unit Apt. A
$675
Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675
1 Bedroom Apartment Available Now

207 Lana Dr, Unit Apt. A

207 Lana DrLafayette, LA 70503
Affordability
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property at 214 St Thomas St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Townhome for Rent

Available Now

214 St Thomas St, Unit Apt A

214 St Thomas St
LafayetteLA70506

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.

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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 304 Loire Ave

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

304 Loire Ave, Unit A-D

304 Loire Ave
LafayetteLA70507

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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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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property at 615 Madison St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

615 Madison St

LafayetteLA70501

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.

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Lafayette, LA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 06/11/2026

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$1,950$1,00011
Central Lafayette Parish$5,750$595136
North Lafayette Parish$5,750$595137

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a 1 Bed unit found at Diamond Lakes Apartment Homes in the Central Lafayette Parish neighborhood priced from $753. Lila Place in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $757. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$753
Lila PlaceLPA11BR,1BA$757
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$775
City Heights at Steeplechase1x11BR,1BA$780
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$800
Landfair Apartments2/12BR,1BA$800
Acadian CrossingAcadian - StudioStudio,1BA$810
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$814

Best Value Apartments for Rent in Lafayette, LA

As of June 11, 2026 the best value apartment in the Lafayette area is the $1.03 price per square foot B2 Model at The Highlands Lafayette in the in the Central Lafayette Parish neighborhood starting from $1,518. The second greatest value Lafayette apartment is the 2x2 Model at Loop Commons starting at $900 with a $0.64 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.
The Highlands LafayetteB22BR,2BA$1.03
Loop Commons2x22BR,2BA$0.64
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
Stonegate Apartments2x22BR,2BA$0.93
Whispering Oaks Apartments2x2 (Plan F)2BR,2BA$1.00
Eagle Run3BR/2BA Floor Plan3BR,2BA$1.04
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.83
Landfair Apartments2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
Theater Street ApartmentsB1 Floor Plan2BR,2BA$1.01

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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Real 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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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.

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Lafayette, LA

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

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Frequently Asked Questions about Cheap Lafayette Apartments

What is the Cheapest Studio apartment in Lafayette?

Currently the most affordable Cheap Studio Apartment in Lafayette is at Acadian Crossing listed at $810.

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

The lowest price for a Cheap One Bedroom Lafayette Apartment is $755 at Diamond Lakes Apartment Homes.

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 $800 at Landfair Apartments.

What is the most affordable Lafayette Three Bedroom Apartment?

The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Patriot Point of Lafayette and starts from $965.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.