Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $500 (23 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 1-23, 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 Landfair Complex priced from $715. River Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Landfair Complex1/1 (Unit #23 only)1BR,1BA$715
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$745
Lila PlaceLPA11BR,1BA$757
Eagle Run1BR Floor Plan1BR,1BA$805
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810

Best Value Apartments for Rent in Downtown Lafayette, LA

As of August 03, 2026 the best value apartment in the Downtown Lafayette area is the $1.14 price per square foot HPC1 Model at Holly Place in the in the Central Lafayette Parish neighborhood starting from $1,307. The second greatest value Downtown Lafayette apartment is the 2x2 (Plan D) Model at Whispering Oaks Apartments starting at $899 with a $1.06 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.
Holly PlaceHPC13BR,2BA$1.14
Whispering Oaks Apartments2x2 (Plan D)2BR,2BA$1.06
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$1.03
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$1.27
Landfair Complex1/1 (Unit #23 only)1BR,1BA$1.10
The Lofts at the MunicipalA21BR,1BA$1.86
Eagle Run1BR Floor Plan1BR,1BA$1.30
Vermilion LoftsLoft A-One Bed1BR,1BA$1.91
411 W Taft St, Unit Apt. C411 W Taft St1BR,1BA$1.26
Lila PlaceLPA11BR,1BA$1.34

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 $1,033.

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

The cheapest apartment in Downtown Lafayette is Landfair Complex which is listed at $715, while the average apartment in Downtown Lafayette costs $900.

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 19 regular apartments in Downtown Lafayette that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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Rent According to Income: A Look at Income-Restricted Rentals

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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

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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.