Cheap Homes for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $900 (9 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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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. Landfair Complex has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. 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
Landfair Complex2BR/1.0BA2BR,1BA$775
Eagle Run1BR Floor Plan1BR,1BA$805

Best Value Apartments for Rent in Downtown Lafayette, LA

As of July 22, 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 B2 Floor Plan (Burgundy) - Call for Availability Model at The Quarters starting at $767 with a $0.80 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
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.80
Landfair Complex2/12BR,1BA$0.92
Whispering Oaks Apartments2x2 (Plan D)2BR,2BA$1.09
Theater Street ApartmentsB1 Floor Plan2BR,2BA$0.99
Lila PlaceLPB12BR,1BA$1.11
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$1.03
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$1.27
Eagle Run1BR Floor Plan1BR,1BA$1.30
411 W Taft St, Unit Apt. C411 W Taft St1BR,1BA$1.26

Frequently Asked Questions about Downtown Lafayette

What type of rentals are currently available in Downtown Lafayette?

There are currently 45 Apartments for Rent in Downtown Lafayette, LA with pricing that ranges from $530 to $1,719. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $900 to $2,350.

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 $900 to $2,350 with an average monthly rent of $1,497.

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 $1,719, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,150. Four Bedroom Single-Family rentals are also available starting from $2,350 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.