Cheap Apartments for Rent in Lafayette, LA from $500 (184 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lafayette.

property at 409 Scotsdale St
$675
2 Bedroom Rentals
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409 Scotsdale St

LafayetteLA70506

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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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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Lafayette, LA Local Guide

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Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 09/10/2026

Current apartment rentals in the Lafayette, LA area range in price from $595 to $5,000 with an overall median price of $1,688. Here is today’s list neighborhoods with the lowest median pricing for Lafayette Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lafayette$1,400$70015
North Lafayette Parish$1,695$595212
Central Lafayette Parish$1,700$595218

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a 1 Bed unit found at 610 Delhomme in the Central Lafayette Parish neighborhood priced from $715. River Oaks Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
610 Delhomme1BR/1.0BA1BR,1BA$715
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$745
Acadian Crossing / Utilities IncludedAcadian - StudioStudio,1BA$750
Lila PlaceLPA11BR,1BA$757
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$775
Landfair Complex2BR/1.0BA2BR,1BA$775
Santa RosaSRSMRStudio,1BA$800
Eagle Run1BR Floor Plan1BR,1BA$805
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$825

Best Value Apartments for Rent in Lafayette, LA

As of September 10, 2026 the best value apartment in the Lafayette area is the $0.55 price per square foot 2 Beds, 2 baths Model at Beau Maison Estates in the in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Lafayette apartment is the Vermillion Model at Cottage Landing starting at $800 with a $0.51 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.
Beau Maison Estates2 Beds, 2 baths2BR,2BA$0.55
Cottage LandingVermillion3BR,3BA$0.51
The Highlands LafayetteB42BR,2BA$0.87
The Commons at Ridge and Loop3x23BR,2BA$1.00
Brooke Pointe2 Bedroom2BR,2BA$0.92
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
The QuartersB3 Floor Plan (Dauphine)2BR,2BA$0.88
Landfair Complex2/12BR,1BA$0.92
Theater Street ApartmentsB1 Floor Plan2BR,2BA$0.99
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$1.03

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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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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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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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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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!

Explore Lafayette, LA Rentals by Map

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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 / Utilities Included listed at $750.

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

The lowest price for a Cheap One Bedroom Lafayette Apartment is $695 at Patriot Point of Lafayette.

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 $775 at Landfair Complex.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.