
Cheap Apartments for Rent in Lafayette, MN from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Lafayette.


36 Jefferson Ave E

Glenwood Terrace

College Station

442 Belgrade Ave

Le Sueur Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Village Court Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,111 | $900 | $1,315 |
Lafayette 1 Bedroom Apartments | $1,222 | $775 | $1,895 |
Lafayette 2 Bedroom Apartments | $1,431 | $925 | $3,725 |
Lafayette 3 Bedroom Apartments | $1,585 | $1,249 | $2,095 |
Lafayette 4 Bedroom Apartments | $1,715 | $1,600 | $1,880 |
Browse Top Apartments in Lafayette
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Lafayette, MN Local Guide
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Cheapest Available Lafayette Apartments for Rent and Nearby
 The cheapest available apartment rental in Lafayette, MN is a 1 Bed unit found at Highland Hills Apartments in the University neighborhood priced from $775. 36 Jefferson Ave E 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
36 Jefferson Ave E | 1 Bed | 1BR,1BA | $800 |
442 Belgrade Ave | One Bedroom | 1BR,1BA | $875 |
Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
Tiller+Main | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Lafayette, MN and Nearby
As of June 04, 2025 the best value apartment in the Lafayette area is the $1.25 price per square foot Three Bedroom 1.75 Bathroom Model at Legacy Park Estates in the in the University neighborhood starting from $1,525. The second greatest value Lafayette apartment is the 2x1.75 Model at Traverse Green Apartments starting at $1,550 with a $1.35 price per square foot . 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. |
---|---|---|---|
Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.25 |
Traverse Green Apartments | 2x1.75 | 2BR,1BA | $1.35 |
Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
Welco West | 2 Bedroom | 2BR,1BA | $1.21 |
The Edge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
803 W Main St | Two Bedroom | 2BR,2BA | $1.10 |
Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.35 |
Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1.30 |
Greenfield Estates I & II | One Bedroom Apartment | 1BR,1BA | $1.36 |
36 Jefferson Ave E | 1 Bed | 1BR,1BA | $1.11 |
Quick Rent Budget Calculator
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Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
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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 $775 at Highland Hills 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 36 Jefferson Ave E.
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.

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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.