
Cheap Apartments for Rent in Lafayette, MN from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Lafayette.


Highland Hills Apartments

131 W 11th St

442 Belgrade Ave

Commerce Apartments

Glenwood Terrace
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.

Le Sueur Apartments
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.
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.
Lafayette, MN Local Guide

How much does it cost to rent an apartment in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette Studio Apartments | $986 | $750 | $1,215 |
| Lafayette 1 Bedroom Apartments | $1,283 | $451 | $1,754 |
| Lafayette 2 Bedroom Apartments | $1,450 | $538 | $2,125 |
| Lafayette 3 Bedroom Apartments | $1,608 | $885 | $2,360 |
| Lafayette 4 Bedroom Apartments | $1,804 | $1,680 | $1,880 |
Browse Top Apartments in Lafayette
See all Apartments in LafayetteExplore Lafayette
Lafayette, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lafayette Apartments for Rent and Nearby
 The cheapest available apartment rental in Lafayette, MN is a 1 Bed unit found at Le Sueur Apartments priced from $895. Tiller+Main has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Lafayette apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Tiller Place | Studio | Studio,1BA | $900 |
| 131 W 11th St | 2 Bedroom 2 Bath | 2BR,2BA | $950 |
| Welco West | Studio | Studio,1BA | $975 |
Best Value Apartments for Rent in Lafayette, MN and Nearby
As of December 08, 2025 the best value apartment in the Lafayette area is the $1.19 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Lafayette apartment is the Three Bedroom Model at 442 Belgrade Ave starting at $1,500 with a $0.94 price per square foot in the City Center Mankato 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. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.94 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.14 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.03 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.28 |
| 131 W 11th St | 2 Bedroom 2 Bath | 2BR,2BA | $1.00 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.18 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
Pet Friendly Lifestyle
Ranked #
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lafayette, MN Rentals by Map
See the most popular apartments and homes in Lafayette, MN
Getting Around Lafayette, MN
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
31 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lafayette Apartments
What is the Cheapest Studio apartment in Lafayette?
Currently the most affordable Cheap Studio Apartment in Lafayette is at Tiller+Main listed at $900.
How much is rent for a Cheap One Bedroom Lafayette Apartment?
The lowest price for a Cheap One Bedroom Lafayette Apartment is $895 at Le Sueur Apartments.
What is the lowest price for a Cheap Two Bedroom Lafayette Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lafayette is starting from $950 at 131 W 11th St.
What is the most affordable Lafayette Three Bedroom Apartment?
The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Vista View Townhomes and starts from $1,242.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.











