Cheap Homes for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $700 (8 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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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 River Oaks Apartments priced from $745. 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
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$745
Lila PlaceLPA11BR,1BA$757
Landfair Complex2BR/1.0BA2BR,1BA$775

Best Value Apartments for Rent in Downtown Lafayette, LA

As of September 05, 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 in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Downtown Lafayette apartment is the Vermillion Model at Cottage Landing starting at $800 with a $0.51 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.
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
BasswoodLarge 1x1 Main Level Reno1BR,1BA$1.25
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$1.03
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$1.27

Frequently Asked Questions about Downtown Lafayette

What type of rentals are currently available in Downtown Lafayette?

There are currently 28 Apartments for Rent in Downtown Lafayette, LA with pricing that ranges from $509 to $1,672. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $700 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 $700 to $2,300 with an average monthly rent of $1,392.

How much are larger Three and Four Bedroom Rentals in Downtown Lafayette?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lafayette range from $509 to $1,672, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $611.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

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

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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

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

Written by: Robin Stewart

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.