
Cheap Apartments for Rent in Lafayette, MN from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Lafayette.


Commerce Apartments

Le Sueur Apartments

Village Court Apartments
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.

Tiller+Main

219 6th St SW

522 6th St Apartments

Welco West

Glenwood Terrace

Southwood Flats
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.

Total Monthly Price
The Grove at Mankato

RoK Lofts

Sleepy Eye Apartments Homes

Wolverine Meadows

Huntington Hills Apartments & Townhomes
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.
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 | $1,037 | $925 | $1,300 |
Lafayette 1 Bedroom Apartments | $1,253 | $800 | $2,095 |
Lafayette 2 Bedroom Apartments | $1,416 | $900 | $2,050 |
Lafayette 3 Bedroom Apartments | $1,537 | $1,242 | $2,095 |
Lafayette 4 Bedroom Apartments | $1,741 | $1,600 | $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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Autumn Glen Apartments | One Bedroom | 1BR,1BA | $800 |
131 W 11th St | 1 Bedroom 1 Bath | 1BR,1BA | $800 |
Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $899 |
Tiller+Main | Studio | Studio,1BA | $900 |
Tiller Place | Studio | Studio,1BA | $900 |
219 6th St SW | One Bedroom | 1BR,1BA | $900 |
Welco West | Studio | 1BR,1BA | $950 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
Southwood Flats | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
Le Sueur Meadows | 2 Beds, 1 bath | 2BR,1BA | $1.15 |
Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
219 6th St SW | One Bedroom | 1BR,1BA | $1.20 |
131 W 11th St | 1 Bedroom 1 Bath | 1BR,1BA | $1.11 |
Autumn Glen Apartments | One Bedroom | 1BR,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.
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 $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.

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.

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.

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.

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.