Cheap Apartments for Rent in the Central Lafayette Parish Neighborhood of Lafayette, LA from $500 (92 Rentals)

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

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 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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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 Patriot Point of Lafayette (FKA Brookwood) priced from $695. Whispering Oaks Apartments 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
Patriot Point of Lafayette (FKA Brookwood)1 Bedroom1BR,1BA$695
Whispering Oaks Apartments1x1 500sf downstairs1BR,1BA$750
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$775
Theater Street ApartmentsB3UF Floor Plan2BR,2BA$780
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$784
Lila PlaceLPA21BR,1BA$795
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$799
Pinewoods ApartmentsOne bed One bath1BR,1BA$800

Best Value Apartments for Rent in Central Lafayette Parish, LA

As of January 11, 2026 the best value apartment in the Central Lafayette Parish 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 Central Lafayette Parish apartment is the UNFURNISHED 2BR/2BA Model at Guidry Row Apartment Homes starting at $1,200 with a $1.13 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.
Brooke Pointe3 Bedroom3BR,2BA$0.99
Guidry Row Apartment HomesUNFURNISHED 2BR/2BA2BR,2BA$1.13
Canterbury Square2 Bedroom2BR,2BA$1.00
Maison BocageThe Cypress2BR,2BA$1.06
Holly PlaceHPB22BR,1BA$0.93
Cheyenne HeightsTwo Bed2BR,1BA$1.06
Eagle Run2BR/2BA Floor Plan2BR,2BA$1.06
104 Stanford Dr, Unit 104 Stanford Dr Apt C104 Stanford Dr2BR,1BA$0.91
Elora PlaceOne Bedroom (a)1BR,1BA$1.14
Willow GardensTHA21BR,1.5BA$0.97

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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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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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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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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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 Patriot Point of Lafayette (FKA Brookwood) which is listed at $695, while the average apartment in Central Lafayette Parish costs $1,799.

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 129 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 $410 which is $1,389 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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!