Cheap Homes for Rent in Lafayette, LA from $500 (51 Rentals)

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

property at 214 St Thomas St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Townhome for Rent

Available Now

214 St Thomas St, Unit Apt A

214 St Thomas St
LafayetteLA70506

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 304 Loire Ave

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

304 Loire Ave, Unit A-D

304 Loire Ave
LafayetteLA70507

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.

property at 201 S College Rd

$850 - $950

1 To 2 Bedroom Rentals

Available Jun 15

201 S College Rd

LafayetteLA70503
property at 220 Doucet Rd

$850 - $950

1 To 2 Bedroom Rentals

Available Now

220 Doucet Rd

LafayetteLA70503
property at 800 N St Antoine St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

800 N St Antoine St

LafayetteLA70501
property at 413 Mary St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Now

413 Mary St

BroussardLA70518

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.

property at 615 Madison St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

615 Madison St

LafayetteLA70501

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.

property at 206 Challenger St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Townhome for Rent

Available Now

206 Challenger St, Unit Apt A

206 Challenger St
LafayetteLA70506

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

Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 06/12/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lafayette$1,020$53083
Central Lafayette Parish$1,845$530578
North Lafayette Parish$1,855$530514

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 ListingModel NameBed/BathPriced From
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$721
Lila PlaceLPA11BR,1BA$757
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$775
City Heights Steeplechase1x11BR,1BA$780
Silver Creek ApartmentsOne Bed One Bath1BR,1BA$800
Landfair Complex2/12BR,1BA$800
Acadian CrossingAcadian - StudioStudio,1BA$810
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Loop Commons2x22BR,2BA$0.64
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
Whispering Oaks Apartments2x2 (Plan F)2BR,2BA$1.00
Stonegate Apartments2x22BR,2BA$0.93
Eagle Run3BR/2BA Floor Plan3BR,2BA$1.04
French Colony2 Bedroom 2 Bathroom2BR,2BA$1.04
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.83
Landfair Complex2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
Theater Street ApartmentsB1 Floor Plan2BR,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.

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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.

Read Article
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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 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

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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.