Cheap Apartments for Rent in the Central Lafayette Parish Neighborhood of Lafayette, LA from $500 (79 Rentals)

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

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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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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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Fairway Apartments
1 to 2 Bedroom Apartments

Fairway Apartments

156 Verona DrLafayette, LA 70507
  • Utilities Included

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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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 1 Bed unit found at Gallery Apartments priced from $725. Basswood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Central Lafayette Parish apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$725
Basswood1x1 Main Level Classic1BR,1BA$750
Whispering Oaks Apartments1x1 500sf downstairs1BR,1BA$750
Eagle Run1BR Floor Plan1BR,1BA$750
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Stonegate Apartments1x11BR,1BA$760
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$779

Best Value Apartments for Rent in Central Lafayette Parish, LA

As of October 11, 2025 the best value apartment in the Central Lafayette Parish area is the $0.94 price per square foot 107 Guillot Rd Model at 107 Guillot Rd, Unit B-1 in the in the Central Lafayette Parish neighborhood starting from $1,400. The second greatest value Central Lafayette Parish apartment is the 2 Bed 2 Bath (B3) Model at The Plantation at Lafayette starting at $1,295 with a $1.12 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.
107 Guillot Rd, Unit B-1107 Guillot Rd2BR,2BA$0.94
The Plantation at Lafayette2 Bed 2 Bath (B3)2BR,2BA$1.12
Holly PlaceHPC13BR,2BA$1.10
Brooke Pointe2 Bedroom2BR,2BA$1.00
Diamond Lakes Apartment Homes2 Bedroom 2 Bath2BR,2BA$1.00
EmberwoodMagnolia2BR,2BA$1.11
Elora PlaceOne Bedroom (b)1BR,1BA$1.01
821 E Convent St821 E Convent St2BR,1BA$0.91
Willow GardensTHA21BR,1.5BA$0.96
Stonegate Apartments1x11BR,1BA$1.15

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Central Lafayette Parish, Lafayette, LA

Ranked #2

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Central Lafayette Parish, Lafayette, LA

School data provided by Great Schools

Getting Around the Central Lafayette Parish Neighborhood in Lafayette, LA

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some 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 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 $779.

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

The cheapest apartment in Central Lafayette Parish is Gallery Apartments which is listed at $725, while the average apartment in Central Lafayette Parish costs $1,750.

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 79 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 $340 which is $1,410 cheaper than the average rent for all rentals in Central Lafayette Parish.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.