
Cheap Apartments for Rent in Lafayette, MN from $300 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in Lafayette.


512 Vernon Ave

Midway Apartments

Key City Group, LLC (BT)

Hartshorn Manor

131 W 11th St

Total Monthly Price
Highland Hills Apartments

Fairview Apartments

Glenwood Terrace

Town's Edge Estates
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Le Sueur Apartments

Tiller+Main

219 6th St SW

Cherry Ridge Apartments

Le Sueur Meadows

Total Monthly Price
The Grove at Mankato

Highland Apartments

Commerce Apartments

Wolverine Meadows

Sleepy Eye Apartments Homes
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Southwood Flats

Highfield Apartments

Total Monthly Price
Village Court Apartments

Total Monthly Price
Hoover Estates

Total Monthly Price
Woodside Apartments

Cherry Square

Total Monthly Price
The Edge Apartments

Huntington Hills Apartments & Townhomes

520 6th St

Total Monthly Price
River Bluff Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Total Monthly Price
Augusta Park Estates

Riverfront Court

Vista View Townhomes

Village Place Flats

Skyway Properties LLC

Total Monthly Price
The Alma

Traverse Green

Total Monthly Price
STP Group, LLC (ROK)

Total Monthly Price
Legacy Park Estates

Dublin Road Townhomes
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Cedar Meadow Apartments

Welco West

The Forde

Capital Lofts

Greenfield Estates I & II

Sunrise Manor

Fairview Apartments

Lewis Lofts

Southview Apartments

Parkview 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.
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 | $1,128 | $900 | $1,315 |
| Lafayette 1 Bedroom Apartments | $1,237 | $595 | $2,155 |
| Lafayette 2 Bedroom Apartments | $1,340 | $695 | $2,150 |
| Lafayette 3 Bedroom Apartments | $1,532 | $1,145 | $2,095 |
| Lafayette 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Top Apartments in Lafayette
See all Apartments in LafayetteExplore Lafayette
Lafayette, MN Local Guide
- Nearby Cities
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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 512 Vernon Ave priced from $595. Midway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Lafayette apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| Midway Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| Key City Group, LLC (BT) | 1BR/1.0BA | 1BR,1BA | $835 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $840 |
| 131 W 11th St | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
| Town's Edge Estates | 1 Bedroom/1 Bath | 1BR,1BA | $885 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| 219 6th St SW | One Bedroom | 1BR,1BA | $900 |
| Le Sueur Meadows | One Bedroom | 1BR,1BA | $945 |
Best Value Apartments for Rent in Lafayette, MN and Nearby
As of August 04, 2026 the best value apartment in the Lafayette area is the $1.20 price per square foot 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes in the in the City Center Mankato neighborhood starting from $1,525. The second greatest value Lafayette apartment is the 3 Bedroom Townhouse Model at Vista View Townhomes starting at $1,297 with a $1.08 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. |
|---|---|---|---|
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.08 |
| Rock Ridge Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.13 |
| Key City Group, LLC (BT) | 2BR/1.0BA | 2BR,1BA | $1.23 |
| Town's Edge Estates | 2 Bedroom/2 Bath S | 2BR,1BA | $1.18 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| 219 6th St SW | One Bedroom | 1BR,1BA | $1.20 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $1.12 |
| 131 W 11th St | 1 Bedroom 1 Bath | 1BR,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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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
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 $595 at 512 Vernon Ave.
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 $695 at 512 Vernon Ave.
What is the most affordable Lafayette Three Bedroom Apartment?
The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Town's Edge Estates and starts from $1,145.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.