Cheap Apartments for Rent in Lafayette, LA from $500 (73 Rentals)

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

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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Fairway Apartments
1 Bedroom Apartments

Fairway Apartments

156 Verona DrLafayette, LA 70507
  • Utilities Included
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Villa's at Angel Point
Studio to 2 Bedroom Apartments

Villa's at Angel Point

323 Patterson StLafayette, LA 70501
Senior Living
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Village Dulac Apartments
Studio to 2 Bedroom Apartments

Village Dulac Apartments

1404 Carmel DrLafayette, LA 70501
Senior Living
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Lafayette, LA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 07/28/2025

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$1,125$54077
North Lafayette Parish$1,750$540342
Central Lafayette Parish$1,760$540360

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a 2 Beds unit found at Chateau Lafayette Apartments in the Central Lafayette Parish neighborhood priced from $700. 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
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$700
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$755
Lila PlaceLPA21BR,1BA$757
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$774
Diamond Lakes Apartment Homes1 Bedroom1BR,1BA$786
The Arts Apartments At Broussard CrossingA11BR,1BA$791
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810

Best Value Apartments for Rent in Lafayette, LA

As of July 28, 2025 the best value apartment in the Lafayette area is the $0.99 price per square foot 3 Bedroom Model at Brooke Pointe in the in the Central Lafayette Parish neighborhood starting from $1,250. The second greatest value Lafayette apartment is the 3 Bedroom/ 2 Bathroom Model at Park Place Apartments starting at $1,295 with a $1.08 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.
Brooke Pointe3 Bedroom3BR,2BA$0.99
Park Place Apartments3 Bedroom/ 2 Bathroom3BR,2BA$1.08
Holly PlaceHPC13BR,2BA$1.10
River Oaks Apartments2x2B2BR,2BA$0.96
Whispering Oaks Apartments2x2 950sf upstairs2BR,2BA$0.94
Elora PlaceA11BR,1BA$1.15
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$0.93
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$1.09
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$1.16
Lila PlaceLPA21BR,1BA$1.17

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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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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

What is a cheap apartment in Lafayette?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette is under $810.

What is the price of a cheap apartment in Lafayette?

The cheapest apartment in Lafayette is Gallery Apartments which is listed at $725, while the average apartment in Lafayette costs $1,545.

What types of apartments are the cheapest in Lafayette?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 74 regular apartments in Lafayette that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lafayette?

Cheap apartments in Lafayette have an average cost of $369 which is $1,176 cheaper than the average rent for all rentals in Lafayette.

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.