
Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, LA from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.


2012 1/2 Johnston St, Unit #5
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

324 General Mouton Ave

327 General Mouton Ave
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.

402 Lamar St
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 | $1,137 | $750 | $1,500 |
| Downtown Lafayette 3 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Whispering Oaks Apartments priced from $750. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whispering Oaks Apartments | 1x1 (Plan A) | 1BR,1BA | $750 |
| Eagle Run | 1BR Floor Plan | 1BR,1BA | $750 |
| Landfair Complex | 2/1 | 2BR,1BA | $800 |
Best Value Apartments for Rent in Downtown Lafayette, LA
As of April 15, 2026 the best value apartment in the Downtown Lafayette area is the $1.10 price per square foot HPC1 Model at Holly Place in the in the Central Lafayette Parish neighborhood starting from $1,269. The second greatest value Downtown Lafayette apartment is the 2/1 Model at Landfair Complex starting at $800 with a $0.92 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. |
|---|---|---|---|
| Holly Place | HPC1 | 3BR,2BA | $1.10 |
| Landfair Complex | 2/1 | 2BR,1BA | $0.92 |
| Chateau Lafayette Apartments | 2 Bed 2 Bath II | 2BR,2BA | $0.97 |
| 406 Silkwood St, Unit D | 406 Silkwood St | 2BR,1BA | $1.06 |
| Lila Place | LPB1 | 2BR,1BA | $1.10 |
| The Genesis Lafayette | NOVA | 1BR,1BA | $1.38 |
| Silver Creek Apartments | One Bed One Bath | 1BR,1BA | $1.22 |
| Bayou Shadows Apartment Homes | 1br 1ba 650-653Sq.Ft. | 1BR,1BA | $1.61 |
| Eagle Run | 1BR Floor Plan | 1BR,1BA | $1.21 |
| Whispering Oaks Apartments | 1x1 (Plan A) | 1BR,1BA | $1.50 |
Frequently Asked Questions about Downtown Lafayette
What type of rentals are currently available in Downtown Lafayette?
There are currently 43 Apartments for Rent in Downtown Lafayette, LA with pricing that ranges from $530 to $2,250. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $750 to $2,500.
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 $750 to $2,500 with an average monthly rent of $1,818.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.