Cheap Apartments for Rent in the Central Lafayette Parish Neighborhood of Lafayette, LA from $500 (178 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Lafayette Parish area of Lafayette.

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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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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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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Central Lafayette Parish, Lafayette, LA Local Guide

Cheapest Available Central Lafayette Parish Apartments for Rent

 

The cheapest available apartment rental in the Central Lafayette Parish area of Lafayette, LA is a Studio unit found at Eagle Run priced from $650. River Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Central Lafayette Parish apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Eagle RunEfficiency Floor PlanStudio,1BA$650
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$745
Stonegate Apartments1x11BR,1BA$760
Whispering Oaks Apartments1x1 (Plan B)1BR,1BA$775
Landfair Complex2/12BR,1BA$800
Santa RosaSRSMRStudio,1BA$800

Best Value Apartments for Rent in Central Lafayette Parish, LA

As of July 12, 2026 the best value apartment in the Central Lafayette Parish area is the $0.64 price per square foot 2x2 Model at The Commons at Ridge and Loop in the in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Central Lafayette Parish apartment is the 101 Belgium St Model at 101 Belgium St, Unit AD starting at $795 with a $0.76 price per square foot in the Central Lafayette Parish neighborhood. Here is today’s list of the best values for Central Lafayette Parish apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Commons at Ridge and Loop2x22BR,2BA$0.64
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
Diamond Lakes Apartment Homes2 Bedroom 1 Bath2BR,1BA$1.10
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.80
Patriot Point of Lafayette3 Bed 1 Bath3BR,1BA$1.06
Landfair Complex2/12BR,1BA$0.92
Willow GardensTHA21BR,1.5BA$1.04
105 VIEUX ORLEANS CIR, Unit Apt D105 VIEUX ORLEANS CIR1BR,1BA$0.94
Theater Street ApartmentsB1 Floor Plan2BR,2BA$1.01
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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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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Best Local Schools in
Central Lafayette Parish, Lafayette, LA

School data provided by Great Schools

Frequently Asked Questions about Cheap Central Lafayette Parish Apartments

What is a cheap apartment in Central Lafayette Parish?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Lafayette Parish is under $800.

What is the price of a cheap apartment in Central Lafayette Parish?

The cheapest apartment in Central Lafayette Parish is River Oaks Apartments which is listed at $745, while the average apartment in Central Lafayette Parish costs $1,875.

What types of apartments are the cheapest in Central Lafayette Parish?

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 75 regular apartments in Central Lafayette Parish 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 Central Lafayette Parish?

Cheap apartments in Central Lafayette Parish have an average cost of $235 which is $1,640 cheaper than the average rent for all rentals in Central Lafayette Parish.

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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.