Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $509 (31 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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Vermilion Lofts
Studio to 2 Bedroom Apartments

Vermilion Lofts

436 E Vermilion StLafayette, LA 70501
Student Housing
  • Utilities Included

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908 Lamar
2 Bedroom Apartments

908 Lamar

908 Lamar StLafayette, LA 70501
Showing Results 1-31, 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 River Oaks Apartments priced from $745. Chateau Lafayette Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
River Oaks Apartments1 Bedroom|1 Bath1BR, 1BA$745
Chateau Lafayette Apartments2 Bed 2 Bath I2BR, 2BA$750
Lila PlaceLPA11BR, 1BA$757
Landfair Complex2/12BR, 1BA$800
Eagle Run1BR Floor Plan1BR, 1BA$805
Silver Creek ApartmentsOne Bed One Bath1BR, 1BA$825
BasswoodLarge 1x1 Main Level Classic1BR, 1BA$825
Holly PlaceHPB22BR, 1BA$856
Whispering Oaks Apartments2x2 (Plan E)2BR, 2BA$899

Best Value Apartments for Rent in Downtown Lafayette, LA

As of September 17, 2026 the best value apartment in the Downtown Lafayette area is the $0.55 price per square foot 2 Beds, 2 baths Model at Beau Maison Estates in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Downtown Lafayette apartment is the Vermillion Model at Cottage Landing in the Central Lafayette Parish neighborhood starting at $800 with a $0.51 price per square foot. 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.
Beau Maison Estates2 Beds, 2 baths2BR, 2BA$0.55
Cottage LandingVermillion3BR, 3BA$0.51
Holly PlaceHPC13BR, 2BA$1.14
Brooke Pointe2 Bedroom2BR, 2BA$0.92
The QuartersB3 Floor Plan (Dauphine)2BR, 2BA$0.88
Landfair Complex2/12BR, 1BA$0.92
Whispering Oaks Apartments2x2 (Plan D)2BR, 2BA$1.06
Theater Street ApartmentsB2UF Floor Plan2BR, 2BA$0.86
Chateau Lafayette Apartments2 Bed 2 Bath I2BR, 2BA$1.00
River Oaks Apartments1 Bedroom|1 Bath1BR, 1BA$1.03

Frequently Asked Questions about Cheap Downtown Lafayette Apartments

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

The cheapest apartment in Downtown Lafayette is River Oaks Apartments which is listed at $745, 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 53 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 $463 which is $437 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.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.