Cheap Homes for Rent in Lafayette, LA from $700 (43 Rentals)

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property at 105 Rayland St

105 Rayland St

LafayetteLA70506
property at 305 Ella St

305 Ella St

LafayetteLA70506
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Lafayette, LA Local Guide

Cheapest Neighborhoods for Apartments in Lafayette, LA

Pricing Updated: 07/27/2025

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$1,235$54093
North Lafayette Parish$1,750$540365
Central Lafayette Parish$1,777$540385

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, LA is a 2 Beds unit found at Chateau Lafayette Apartments in the Central Lafayette Parish neighborhood priced from $700. Gallery Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$700
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$725
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$755
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$774
Diamond Lakes Apartment Homes1 Bedroom1BR,1BA$786
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810
The Arts Apartments At Broussard CrossingA11BR,1BA$825
French Colony1 Bedroom 1 Bathroom1BR,1BA$845

Best Value Apartments for Rent in Lafayette, LA

As of July 27, 2025 the best value apartment in the Lafayette area is the $0.99 price per square foot 3 Bedroom Model at Brooke Pointe in the in the Central Lafayette Parish neighborhood starting from $1,250. The second greatest value Lafayette apartment is the 3 Bedroom/ 2 Bathroom Model at Park Place Apartments starting at $1,295 with a $1.08 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.
Brooke Pointe3 Bedroom3BR,2BA$0.99
Park Place Apartments3 Bedroom/ 2 Bathroom3BR,2BA$1.08
Holly PlaceHPC13BR,2BA$1.10
La Veranda at Polly Lane2BR 2BA (1135 SF)2BR,2BA$1.15
River Oaks Apartments2x2B2BR,2BA$0.96
Canterbury Square2 Bedroom2BR,2BA$0.99
Whispering Oaks Apartments2x2 950sf upstairs2BR,2BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$0.93
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$1.14
Stonegate Apartments1x11BR,1BA$1.15

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Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 164 Apartments for Rent in Lafayette, LA with pricing that ranges from $540 to $4,964. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $700 to $7,000.

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 $700 to $7,000 with an average monthly rent of $2,116.

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 $569 to $4,964, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $651.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.