Cheap Homes for Rent in Central Lafayette Parish Neighborhood of Lafayette, LA from $500 (46 Rentals)

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

property at 214 St Thomas St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Townhome for Rent

Available Now

214 St Thomas St, Unit Apt A

214 St Thomas St
LafayetteLA70506

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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property at 1901 W University Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

2 Bedroom, 1 Bath Home for Rent

Available Now

1901 W University Ave

LafayetteLA70506

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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property at 220 Doucet Rd

$850 - $950

1 To 2 Bedroom Rentals

Available Now

220 Doucet Rd

LafayetteLA70503
property at 800 N St Antoine St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

800 N St Antoine St

LafayetteLA70501

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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property at 615 Madison St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

615 Madison St

LafayetteLA70501

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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property at 206 Challenger St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Townhome for Rent

Available Now

206 Challenger St, Unit Apt A

206 Challenger St
LafayetteLA70506

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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Showing Results 1-46, Page 1 of 1

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 Diamond Lakes Apartment Homes priced from $760. Gallery Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Central Lafayette Parish apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$760
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$775
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$800
Landfair Complex2/12BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$814
Eagle Run2BR/1.5BA Floor Plan2BR,1BA$820
Patriot Point of Lafayette2 Bed 1 Bath2BR,1BA$825

Best Value Apartments for Rent in Central Lafayette Parish, LA

As of June 09, 2026 the best value apartment in the Central Lafayette Parish area is the $0.64 price per square foot 2x2 Model at Loop Commons in the in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Central Lafayette Parish apartment is the 2x2 Model at City Heights Steeplechase starting at $990 with a $0.94 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.
Loop Commons2x22BR,2BA$0.64
City Heights Steeplechase2x22BR,2BA$0.94
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
Stonegate Apartments2x22BR,2BA$0.93
Whispering Oaks Apartments2x2 (Plan F)2BR,2BA$1.00
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.83
Eagle Run2BR/1.5BA Floor Plan2BR,1.5BA$0.94
Landfair Complex2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
Theater Street ApartmentsB1 Floor Plan2BR,2BA$1.01

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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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 Central Lafayette Parish

What type of rentals are currently available in Central Lafayette Parish?

There are currently 181 Apartments for Rent in Central Lafayette Parish, LA with pricing that ranges from $530 to $3,650. There are also 180 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Lafayette Parish ranging from $595 to $5,750.

What is the current price range for Rental Homes in Central Lafayette Parish?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Lafayette Parish ranges from $595 to $5,750 with an average monthly rent of $2,302.

How much are larger Three and Four Bedroom Rentals in Central Lafayette Parish?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Lafayette Parish range from $530 to $2,668, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $631.

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 Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.