
Cheap Homes for Rent in Downtown Lafayette Neighborhood of Lafayette, LA from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lafayette area of Lafayette.


427 General Mouton Ave

406 Voorhies St, Unit B

402 Lamar St
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.

2719 Cameron St, Unit 3

305 W Second St, Unit 210

600 E University Ave, Unit 7

615 Madison St
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.
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 | $1,509 | $1,199 | $2,300 |
| Downtown Lafayette 3 Bedroom Homes for Rent | $2,000 | $1,750 | $2,300 |
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 Eagle Run priced from $765. Silver Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Run | 1BR Floor Plan | 1BR,1BA | $765 |
| Silver Creek Apartments | One Bed One Bath | 1BR,1BA | $800 |
| Landfair Complex | 2/1 | 2BR,1BA | $800 |
Best Value Apartments for Rent in Downtown Lafayette, LA
As of June 05, 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 2x2 (Plan F) Model at Whispering Oaks Apartments starting at $995 with a $1.00 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 | $1.14 |
| Whispering Oaks Apartments | 2x2 (Plan F) | 2BR,2BA | $1.00 |
| The Quarters | B2 Floor Plan (Burgundy) - Call for Availability | 2BR,2BA | $0.83 |
| Landfair Complex | 2/1 | 2BR,1BA | $0.92 |
| Chateau Lafayette Apartments | 2 Bed 2 Bath II | 2BR,2BA | $0.97 |
| 104 Nouveau Ln | 104 Nouveau Ln | 1BR,1BA | $1.18 |
| Theater Street Apartments | B1 Floor Plan | 2BR,2BA | $1.01 |
| Lila Place | LPB1 | 2BR,1BA | $1.11 |
| Silver Creek Apartments | One Bed One Bath | 1BR,1BA | $1.22 |
| Eagle Run | 1BR Floor Plan | 1BR,1BA | $1.23 |
Frequently Asked Questions about Downtown Lafayette
What type of rentals are currently available in Downtown Lafayette?
There are currently 40 Apartments for Rent in Downtown Lafayette, LA with pricing that ranges from $530 to $2,076. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lafayette ranging from $800 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 $800 to $2,300 with an average monthly rent of $1,486.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.