Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, LA from $800 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Downtown Lafayette, Lafayette, LA Local Guide

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 $690. Eagle Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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$690
Eagle Run1BR Floor Plan1BR,1BA$750
Theater Street ApartmentsB3UF Floor Plan2BR,2BA$780
Lila PlaceLPA21BR,1BA$795
Acadian Crossing/Utilities IncludedAcadian - Studio - ACCStudio,1BA$810

Best Value Apartments for Rent in Downtown Lafayette, LA

As of December 17, 2025 the best value apartment in the Downtown Lafayette area is the $0.99 price per square foot 3 Bedroom Model at Brooke Pointe in the in the Central Lafayette Parish neighborhood starting from $1,250. The second greatest value Downtown Lafayette apartment is the 2x2 950sf upstairs Model at Whispering Oaks Apartments starting at $975 with a $1.03 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.
Brooke Pointe3 Bedroom3BR,2BA$0.99
Whispering Oaks Apartments2x2 950sf upstairs2BR,2BA$1.03
Holly PlaceHPB22BR,1BA$0.93
Vermilion Lofts2 Bedroom A2BR,2BA$1.57
104 Nouveau Ln, Unit 1104 Nouveau Ln1BR,1BA$1.13
The Genesis LafayetteNOVA1BR,1BA$1.38
Basswood1x1 Main Level Renovated1BR,1BA$1.28
Bayou Shadows Apartment Homes1br 1ba 650-653Sq.Ft.1BR,1BA$1.43
Lila PlaceLPA21BR,1BA$1.23
Eagle Run1BR Floor Plan1BR,1BA$1.21

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Lafayette, Lafayette, LA

Ranked #3

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Downtown Lafayette

What type of rentals are currently available in Downtown Lafayette?

There are currently 35 Apartments for Rent in Downtown Lafayette, LA with pricing that ranges from $530 to $2,238. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $825 to $3,300.

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 $825 to $3,300 with an average monthly rent of $2,020.

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 $530 to $2,238, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $1,795. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $621.

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 Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.