Cheap Homes for Rent in Lafayette, LA from $595 (64 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

property at 204 Cantal Dr
$800
2 Bedroom Rentals
Available Now
Affordability

204 Cantal Dr

LafayetteLA70507

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 800 Fox Run Ave
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

800 Fox Run Ave, Unit 4

800 Fox Run Ave
LafayetteLA70508
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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.

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.

property at 1301 St John St
$900 - $1,200
1 To 2 Bedroom Rentals
Available Now
Affordability

1301 St John St

LafayetteLA70506
property at 213 Bendel Rd
$1,000 - $1,200
1 Bedroom Rentals
Available Now
Furnished

213 Bendel Rd

LafayetteLA70503
property at 206 Challenger St
$1,050

Total Monthly Price

Base Rent$1,050

Total Monthly Price$1,050
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

206 Challenger St, Unit Apt A

206 Challenger St
LafayetteLA70506
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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.

Lafayette, LA Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 09/11/2026

Current apartment rentals in the Lafayette, LA area range in price from $500 to $3,650 with an overall median price of $1,252. Here is today’s list neighborhoods with the lowest median pricing for Lafayette Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lafayette$900$509107
North Lafayette Parish$1,264$500573
Central Lafayette Parish$1,303$500601

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a 1 Bed unit found at Patriot Point of Lafayette in the Central Lafayette Parish neighborhood priced from $695. 610 Delhomme in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Patriot Point of Lafayette1 Bedroom1BR,1BA$695
610 Delhomme1BR/1.0BA1BR,1BA$715
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$745
Acadian Crossing / Utilities IncludedAcadian - StudioStudio,1BA$750
Lila PlaceLPA11BR,1BA$757
Landfair Complex2BR/1.0BA2BR,1BA$775
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$775
City Heights Steeplechase1x11BR,1BA$780
Santa RosaSRSMRStudio,1BA$800

Best Value Apartments for Rent in Lafayette, LA

As of September 11, 2026 the best value apartment in the Lafayette area is the $0.55 price per square foot 2 Beds, 2 baths Model at Beau Maison Estates in the in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Lafayette apartment is the Vermillion Model at Cottage Landing starting at $800 with a $0.51 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Beau Maison Estates2 Beds, 2 baths2BR,2BA$0.55
Cottage LandingVermillion3BR,3BA$0.51
The Highlands LafayetteB42BR,2BA$0.90
The Commons at Ridge and Loop3x23BR,2BA$1.00
Brooke Pointe2 Bedroom2BR,2BA$0.92
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
The QuartersB3 Floor Plan (Dauphine)2BR,2BA$0.88
Landfair Complex2/12BR,1BA$0.92
Theater Street ApartmentsB2UF Floor Plan2BR,2BA$0.86
River Oaks Apartments1 Bedroom|1 Bath1BR,1BA$1.03

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 217 Apartments for Rent in Lafayette, LA with pricing that ranges from $500 to $3,650. There are also 233 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $595 to $5,000.

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 $5,000 with an average monthly rent of $1,720.

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 $509 to $2,442, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,150 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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.