
Cheap Homes for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.


219 S Pierce St

2719 Cameron St, Unit 3

612 E Vermilion St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

428 General Mouton Ave

305 W Second St, Unit 205

427 General Mouton Ave

327 Stewart St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Downtown Lafayette, Lafayette, LA Local Guide

How much does it cost to rent a home in Downtown Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lafayette 2 Bedroom Homes for Rent | $1,243 | $1,000 | $1,600 |
| Downtown Lafayette 3 Bedroom Homes for Rent | $1,745 | $800 | $2,300 |
| Downtown Lafayette 4 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Lafayette Neighborhood of Lafayette, LA.
Explore Lafayette
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Oaks Apartments | 1 Bedroom|1 Bath | 1BR,1BA | $745 |
| Lila Place | LPA1 | 1BR,1BA | $757 |
| Landfair Complex | 2BR/1.0BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Beau Maison Estates | 2 Beds, 2 baths | 2BR,2BA | $0.55 |
| Cottage Landing | Vermillion | 3BR,3BA | $0.51 |
| Holly Place | HPC1 | 3BR,2BA | $1.14 |
| Brooke Pointe | 2 Bedroom | 2BR,2BA | $0.92 |
| The Quarters | B3 Floor Plan (Dauphine) | 2BR,2BA | $0.88 |
| Landfair Complex | 2/1 | 2BR,1BA | $0.92 |
| Whispering Oaks Apartments | 2x2 (Plan D) | 2BR,2BA | $1.06 |
| Basswood | Large 1x1 Main Level Reno | 1BR,1BA | $1.25 |
| River Oaks Apartments | 1 Bedroom|1 Bath | 1BR,1BA | $1.03 |
| Silver Creek Apartments | One Bed One Bath | 1BR,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

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.

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.

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.

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.