
Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lafayette area of Lafayette.


The Lofts at the Municipal
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505 E Main St

228 Amelia St, Unit 228 Amelia B

Vermilion Lofts
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1318 Lee Ave
Downtown Lafayette, Lafayette, LA Local Guide

How much does it cost to rent an apartment in Downtown Lafayette?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Lafayette Studio Apartments | $877 | $774 | $970 |
Downtown Lafayette 1 Bedroom Apartments | $1,129 | $690 | $1,785 |
Downtown Lafayette 2 Bedroom Apartments | $1,035 | $540 | $1,940 |
Downtown Lafayette 3 Bedroom Apartments | $1,123 | $509 | $2,166 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Lafayette Neighborhood of Lafayette, LA.
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Downtown Lafayette, Lafayette, LA Local Guide
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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 Bayou Shadows Apartment Homes priced from $700. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Bayou Shadows Apartment Homes | Efficiency w/Patio 527Sq.Ft. | 1BR,1BA | $700 |
Lila Place | LPA2 | 1BR,1BA | $757 |
Stonegate Apartments | 1x1 | 1BR,1BA | $760 |
Holly Place | HPA1 | 1BR,1BA | $795 |
Lux of Lafayette | 2x1 | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Downtown Lafayette, LA
As of June 08, 2025 the best value apartment in the Downtown Lafayette area is the $1.10 price per square foot HPC1 Model at Holly Place in the in the Central Lafayette Parish neighborhood starting from $1,269. The second greatest value Downtown Lafayette apartment is the 2x1 Model at Lux of Lafayette starting at $1,025 with a $1.27 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Holly Place | HPC1 | 3BR,2BA | $1.10 |
Lux of Lafayette | 2x1 | 2BR,1BA | $1.27 |
The Genesis Lafayette | NOVA | 1BR,1BA | $1.38 |
The Lofts at the Municipal | A3 | 1BR,1BA | $1.81 |
Stonegate Apartments | 1x1 | 1BR,1BA | $1.15 |
Vermilion Lofts | Loft A-One Bed | 1BR,1BA | $1.91 |
Lila Place | LPA1 | 1BR,1BA | $1.37 |
Bayou Shadows Apartment Homes | Efficiency w/Patio 527Sq.Ft. | 1BR,1BA | $1.33 |
The Monroe | A1 - Studio | 1BR,1BA | $2.08 |
228 Amelia St, Unit 228 Amelia B | 228 Amelia St | Studio ,1BA | $1.85 |
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Pet Friendly LifestyleDowntown Lafayette, Lafayette, LA
Ranked #3
Among neighborhoods in Lafayette, LA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Downtown Lafayette Neighborhood in Lafayette, LA
Walk Score®
88 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
70 / 100
Very Bikeable
Biking is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Bayou Shadows Apartment Homes which is listed at $700, while the average apartment in Downtown Lafayette costs $1,182.
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 9 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 $470 which is $712 cheaper than the average rent for all rentals in Downtown Lafayette.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.