
Cheap Homes for Rent in Lafayette, LA from $500 (51 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.


101 Limoges St

205 Rue Royale

409 Silkwood St

415 Moss St

417 Moss St

214 St Thomas St, Unit Apt A

110 Country Ln

108 Rue Royale

1002 La Pl Ave
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.

311 S Pierce St, Unit C

300 W Taft St

2719 Cameron St, Unit 3

304 Loire Ave, Unit A-D

406 Voorhies St, Unit B

106 Doc Duhon St

125 Nancy Ln

127 Nancy Ln

513 Fox Run Ave

107 Meudon 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.

201 S College Rd

220 Doucet Rd

505 E Main St

206 N Washington St

800 N St Antoine St

820 Westgate Rd

413 Mary St

241 N Pine St

108 Ray Ave

423 Sampson St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

201 High Meadows Blvd

305 W Second St, Unit 210

2830 Louisiana Ave

305 Ella St

600 E University Ave, Unit 7

101 Powell Ln

615 Madison St

1501 W St Mary Blvd

107 Antoinette St

219 Leon St, Unit 15
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.

219 Leon St, Unit 30

219 Leon St, Unit 18

206 Challenger St, Unit Apt A

228 Herbert Rd

201 High Mdws

328 Theodora Blvd

100 Charolais St

215 Peggy St

1039 St Charles St

607 Tulane Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Lafayette, LA Local Guide

How much does it cost to rent a home in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette 2 Bedroom Homes for Rent | $1,397 | $595 | $4,200 |
| Lafayette 3 Bedroom Homes for Rent | $1,876 | $900 | $3,500 |
| Lafayette 4 Bedroom Homes for Rent | $2,280 | $950 | $4,400 |
| Lafayette 5 Bedroom Homes for Rent | $5,750 | $5,750 | $5,750 |
Browse Top Homes for Rent in Lafayette
Explore Lafayette
Lafayette, LA Local Guide
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Cheapest Neighborhoods for Apartments in Lafayette, LA
Pricing Updated: 06/12/2026Current apartment rentals in the Lafayette, LA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lafayette Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Lafayette | $1,020 | $530 | 83 |
| Central Lafayette Parish | $1,845 | $530 | 578 |
| North Lafayette Parish | $1,855 | $530 | 514 |
Cheapest Available Lafayette Apartments for Rent
 The cheapest available apartment rental in Lafayette, LA is a 1 Bed unit found at Diamond Lakes Apartment Homes in the Central Lafayette Parish neighborhood priced from $721. Lila Place in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $757. Here is today’s list of the most affordable Lafayette apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamond Lakes Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $721 |
| Lila Place | LPA1 | 1BR,1BA | $757 |
| Gallery Apartments | 1 Bedroom / 1 Bath - Plan E | 1BR,1BA | $775 |
| City Heights Steeplechase | 1x1 | 1BR,1BA | $780 |
| Silver Creek Apartments | One Bed One Bath | 1BR,1BA | $800 |
| Landfair Complex | 2/1 | 2BR,1BA | $800 |
| Acadian Crossing | Acadian - Studio | Studio,1BA | $810 |
| Acadian Point Apartments | A1 1 BEDROOM 1 BATH | 1BR,1BA | $814 |
Best Value Apartments for Rent in Lafayette, LA
As of June 13, 2026 the best value apartment in the Lafayette area is the $0.64 price per square foot 2x2 Model at Loop Commons in the in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Lafayette apartment is the 101 Belgium St Model at 101 Belgium St, Unit AD starting at $795 with a $0.76 price per square foot in the Central Lafayette Parish neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Loop Commons | 2x2 | 2BR,2BA | $0.64 |
| 101 Belgium St, Unit AD | 101 Belgium St | 2BR,1.5BA | $0.76 |
| Whispering Oaks Apartments | 2x2 (Plan F) | 2BR,2BA | $1.00 |
| Stonegate Apartments | 2x2 | 2BR,2BA | $0.93 |
| Eagle Run | 3BR/2BA Floor Plan | 3BR,2BA | $1.04 |
| French Colony | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.04 |
| 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 |
| Theater Street Apartments | B1 Floor Plan | 2BR,2BA | $1.01 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Lafayette, LA
Milton Elementary School
Edgar Martin Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lafayette, LA Rentals by Map
See the most popular apartments and homes in Lafayette, LA
Frequently Asked Questions about Lafayette
What type of rentals are currently available in Lafayette?
There are currently 176 Apartments for Rent in Lafayette, LA with pricing that ranges from $530 to $3,650. There are also 181 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $595 to $5,750.
What is the current price range for Rental Homes in Lafayette?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette ranges from $595 to $5,750 with an average monthly rent of $2,258.
How much are larger Three and Four Bedroom Rentals in Lafayette?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette range from $530 to $2,690, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $631.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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.