Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $500 (19 Rentals)

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

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Uptown Lofts
Studio to 3 Bedroom Apartments

Uptown Lofts

519 S Pierce StLafayette, LA 70501
  • Utilities Included

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Showing Results 1-19, Page 1 of 1

Cheapest Available Downtown Lafayette Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lafayette area of Lafayette, LA is a 1 Bed unit found at Eagle Run priced from $750. Lila Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Eagle Run1BR Floor Plan1BR,1BA$750
Lila PlaceLPA21BR,1BA$795
Whispering Oaks Apartments1x1 (Plan C - Loft)1BR,1BA$795
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$825

Best Value Apartments for Rent in Downtown Lafayette, LA

As of March 20, 2026 the best value apartment in the Downtown Lafayette area is the $1.25 price per square foot Townhome Model at Cottages Downtown in the in the Central Lafayette Parish neighborhood starting from $1,495. The second greatest value Downtown Lafayette apartment is the HPC1 Model at Holly Place starting at $1,269 with a $1.10 price per square foot in the Central Lafayette Parish neighborhood. Here is today’s list of the best values for Downtown Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cottages DowntownTownhome2BR,2.5BA$1.25
Holly PlaceHPC13BR,2BA$1.10
3121 Johnston St, Unit 2353121 Johnston St2BR,1BA$1.32
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
The Genesis LafayetteNOVA1BR,1BA$1.38
The Lofts at the MunicipalA101BR,1BA$1.82
Whispering Oaks Apartments1x1 (Plan C - Loft)1BR,1BA$1.22
Lila PlaceLPA21BR,1BA$1.23
Eagle Run1BR Floor Plan1BR,1BA$1.21
Bayou Shadows Apartment HomesEfficiency 510Sq.Ft1BR,1BA$1.72

Frequently Asked Questions about Cheap Downtown Lafayette Apartments

What is a cheap apartment in Downtown Lafayette?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lafayette is under $1,219.

What is the price of a cheap apartment in Downtown Lafayette?

The cheapest apartment in Downtown Lafayette is Eagle Run which is listed at $750, while the average apartment in Downtown Lafayette costs $1,187.

What types of apartments are the cheapest in Downtown 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 85 regular apartments in Downtown 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 Downtown Lafayette?

Cheap apartments in Downtown Lafayette have an average cost of $828 which is $359 cheaper than the average rent for all rentals in Downtown Lafayette.

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.

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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.