Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, LA from $800 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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 Eagle Run priced from $765. Silver Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Eagle Run1BR Floor Plan1BR,1BA$765
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$800
Landfair Complex2/12BR,1BA$800

Best Value Apartments for Rent in Downtown Lafayette, LA

As of June 05, 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
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.83
Landfair Complex2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
104 Nouveau Ln104 Nouveau Ln1BR,1BA$1.18
Theater Street ApartmentsB1 Floor Plan2BR,2BA$1.01
Lila PlaceLPB12BR,1BA$1.11
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$1.22
Eagle Run1BR Floor Plan1BR,1BA$1.23

Frequently Asked Questions about Downtown Lafayette

What type of rentals are currently available in Downtown Lafayette?

There are currently 40 Apartments for Rent in Downtown Lafayette, LA with pricing that ranges from $530 to $2,076. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $800 to $2,300.

What is the current price range for Rental Homes in Downtown Lafayette?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lafayette ranges from $800 to $2,300 with an average monthly rent of $1,486.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.