Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $500 (28 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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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

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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 1-28, 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 Studio unit found at Eagle Run priced from $650. Lila Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $757. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Eagle RunEfficiency Floor PlanStudio,1BA$650
Lila PlaceLPA11BR,1BA$757
Landfair Complex2/12BR,1BA$800
Acadian CrossingAcadian - StudioStudio,1BA$810
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$825
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$825
Bayou Shadows Apartment Homes1BR1BA Down NC1BR,1BA$880
Holly PlaceHPB22BR,1BA$885
River Oaks Apartments1x1TH1BR,1BA$900
Whispering Oaks Apartments2x2 (Plan E)2BR,2BA$925

Best Value Apartments for Rent in Downtown Lafayette, LA

As of June 19, 2026 the best value apartment in the Downtown Lafayette area is the $0.38 price per square foot Acadian Model at Cottage Landing in the in the Central Lafayette Parish neighborhood starting from $675. The second greatest value Downtown Lafayette apartment is the HPC1 Model at Holly Place starting at $1,307 with a $1.14 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.
Cottage LandingAcadian4BR,4BA$0.38
Holly PlaceHPC13BR,2BA$1.14
Whispering Oaks Apartments2x2 (Plan F)2BR,2BA$1.00
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.80
Landfair Complex2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
Theater Street ApartmentsB1 Floor Plan2BR,2BA$1.01
River Oaks Apartments1x11BR,1BA$1.25
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$1.26
Eagle Run1BR Floor Plan1BR,1BA$1.30

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 $925.

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

The cheapest apartment in Downtown Lafayette is Lila Place which is listed at $757, while the average apartment in Downtown Lafayette costs $1,020.

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 55 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 $543 which is $477 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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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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