Cheap Apartments for Rent in Lafayette, LA from $500 (78 Rentals)

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Fairway Apartments
1 to 2 Bedroom Apartments

Fairway Apartments

156 Verona DrLafayette, LA 70507
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Lafayette, LA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 09/12/2025

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$1,2502
Central Lafayette Parish$5,000$65087
North Lafayette Parish$5,000$650101

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a 1 Bed unit found at Whispering Oaks Apartments in the Central Lafayette Parish neighborhood priced from $725. Gallery Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Whispering Oaks Apartments1x1 500sf downstairs1BR,1BA$725
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$725
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$779
City Heights Steeplechase C.H.A.M.1x11BR,1BA$780
Holly PlaceHPA11BR,1BA$795
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$817
BasswoodLarge 1x1 Main Level Classic1BR,1BA$825
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$825

Best Value Apartments for Rent in Lafayette, LA

As of September 12, 2025 the best value apartment in the Lafayette area is the $1.07 price per square foot 2br2ba 1166 Sq.Ft. Model at Bayou Shadows Apartment Homes in the in the Central Lafayette Parish neighborhood starting from $1,252. The second greatest value Lafayette apartment is the HPC1 Model at Holly Place starting at $1,269 with a $1.10 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.
Bayou Shadows Apartment Homes2br2ba 1166 Sq.Ft.2BR,2BA$1.07
Holly PlaceHPC13BR,2BA$1.10
Brooke Pointe2 Bedroom2BR,2BA$1.00
Bridgeway Apartments II2 Bed 2 Bath A2BR,2BA$1.06
Canterbury Square2 Bedroom2BR,2BA$0.99
River Oaks Apartments2x2A2BR,2BA$1.01
Elora PlaceA21BR,1BA$1.04
Park Place Apartments2 Bedrooms/ 1.5 Bath2BR,1.5BA$1.06
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
City Heights Steeplechase C.H.A.M.1x11BR,1BA$1.04

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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.

Lafayette, LA
Population: 126,143

Ranked #219

in US Census Population by City

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Best Local Schools in
Lafayette, LA

School data provided by Great Schools

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

Explore Lafayette, LA Rentals by Map

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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

What is the Cheapest Studio apartment in Lafayette?

Currently the most affordable Cheap Studio Apartment in Lafayette is at Acadian Crossing/Utilities Included 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 $725 at Whispering Oaks 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 $825 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 The Bradford and starts from $1,041.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.

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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.

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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.