Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $500 (26 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 1-26, 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 Bayou Shadows Apartment Homes priced from $723. Eagle Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Bayou Shadows Apartment HomesEfficiency 510Sq.Ft1BR,1BA$723
Eagle Run1BR Floor Plan1BR,1BA$765
Landfair Complex2/12BR,1BA$800
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$825
Lila PlaceLPB12BR,1BA$840
Vermilion LoftsStudio BStudio,1BA$880
Holly PlaceHPB22BR,1BA$912

Best Value Apartments for Rent in Downtown Lafayette, LA

As of May 04, 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 F) Model at Whispering Oaks Apartments starting at $995 with a $1.00 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 F)2BR,2BA$1.00
Landfair Complex2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
406 Silkwood St, Unit D406 Silkwood St2BR,1BA$1.06
Lila PlaceLPB12BR,1BA$1.11
The Lofts at the MunicipalA111BR,1BA$1.38
The Genesis LafayetteNOVA1BR,1BA$1.38
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$1.22
Eagle Run1BR Floor Plan1BR,1BA$1.23

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 $912.

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 $723, while the average apartment in Downtown Lafayette costs $1,041.

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 71 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 $731 which is $310 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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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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