Cheap Apartments for Rent in Lafayette, MN from $500 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
The Grove at Mankato
$975 - $1,849
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925 - $1,799
Required Monthly Fees
$50

Total Monthly Price
$975 - $1,849
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour
close
View Me
Southview Apartments
1 to 2 Bedroom Apartments

Southview Apartments

200 10th Ave SEFairfax, MN 55332
  • Utilities Included

The 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.

close
View Me
Fairview Apartments
1 Bedroom Apartments

Fairview Apartments

11 Park St NFairfax, MN 55332
  • Utilities Included
close
View Me
Autumn Glen Townhomes
1 to 2 Bedroom Apartments

Autumn Glen Townhomes

502-510 W 8th StWinthrop, MN 55396
  • Utilities Included
close
View Me
36 Jefferson Ave E
1 to 2 Bedroom Apartments

36 Jefferson Ave E

36 Jefferson Ave EGaylord, MN 55334
close
View Me
131 W 11th St
1 to 2 Bedroom Apartments

131 W 11th St

131 W 11th StGibbon, MN 55335
  • Utilities Included

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.

close
View Me
Henderson Apartments
1 to 3 Bedroom Apartments

Henderson Apartments

235 N 8th StHenderson, MN 56044
  • Utilities Included
close
View Me
803 W Main St
1 to 3 Bedroom Apartments

803 W Main St

803 W Main StArlington, MN 55307
  • Utilities Included
close
View Me
Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

500 Boright StLe Sueur, MN 56058
  • Utilities Included
close
View Me
Le Sueur Meadows
2 Bedroom Apartments

Le Sueur Meadows

417 Turril StLe Sueur, MN 56058
close
View Me
501 4th St
2 to 3 Bedroom Apartments

501 4th St

501 4th StCourtland, MN 56021
  • Utilities Included

Lafayette, MN Local Guide

Cheapest Available Lafayette Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lafayette, MN is a 1 Bed unit found at Autumn Glen Apartments priced from $800. 131 W 11th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Autumn Glen ApartmentsOne Bedroom1BR,1BA$800
131 W 11th St1 Bedroom 1 Bath1BR,1BA$800
Le Sueur Apartments1 Bedroom1BR,1BA$895
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$899
Tiller+MainStudioStudio,1BA$900
Tiller PlaceStudioStudio,1BA$900
219 6th St SWOne Bedroom1BR,1BA$900
Welco WestStudio1BR,1BA$950
Glenwood Terrace2 BR/ 1 BA2BR,1BA$950
Southwood Flats1 Bed, 1 Bath (original)1BR,1BA$974

Best Value Apartments for Rent in Lafayette, MN and Nearby

As of September 07, 2025 the best value apartment in the Lafayette area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) 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 Tax Credit Model at Cherry Ridge Apartments starting at $1,285 with a $0.93 price per square foot in the University 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.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Cherry Ridge ApartmentsTax Credit3BR,2BA$0.93
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.27
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
Le Sueur Meadows2 Beds, 1 bath2BR,1BA$1.15
Rita Road2 Bed 1 Bath2BR,1BA$1.29
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.14
219 6th St SWOne Bedroom1BR,1BA$1.20
131 W 11th St1 Bedroom 1 Bath1BR,1BA$1.11
Autumn Glen ApartmentsOne Bedroom1BR,1BA$1.25

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Lafayette, MN Rentals by Map

View Map
Lafayette, MN Apartments Map
View Map
Lafayette, MN Rental Homes Map

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

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 $800 at Autumn Glen 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 Glenwood Terrace.

What is the most affordable Lafayette Three Bedroom Apartment?

The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,249.

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 Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.