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Cheap Apartments for Rent in Lafayette, MN from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Lafayette.
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from $720Studio to 5 Bedroom Apartments Available Now
Highland Hills Apartments
1340 Warren StMankato, MN 56001
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.
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from $8251 Bedroom Apartments Available Dec 12
Village Place Apartments
100-104 Thomas DrMankato, MN 56001
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from $8751 to 2 Bedroom Apartments Available Now
Commerce Apartments
1621-1633 Commerce DrNorth Mankato, MN 56003
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from $8751 to 3 Bedroom Apartments Available Now
442 Belgrade Ave
442 Belgrade AveNorth Mankato, MN 56003
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Rent Specials
from $8951 Bedroom Apartments Available Now
Le Sueur Apartments
411 N 3rd St NLe Sueur, MN 56058
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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.
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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.
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Lafayette, MN Local Guide
Snow Geese Migrating by USFWS Midwest Region is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette Studio Apartments | $1,056 | $720 | $1,315 |
| Lafayette 1 Bedroom Apartments | $1,245 | $825 | $2,095 |
| Lafayette 2 Bedroom Apartments | $1,397 | $675 | $2,125 |
| Lafayette 3 Bedroom Apartments | $1,523 | $1,200 | $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
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Cheapest Available Lafayette Apartments for Rent and Nearby
The cheapest available apartment rental in Lafayette, MN is a 2 Beds unit found at The Edge Apartments in the University neighborhood priced from $675. Highland Hills Apartments in the University neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here is today’s list of the most affordable Lafayette apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Edge Apartments | Two Bedroom | 2BR,1BA | $675 |
| Highland Hills Apartments | Studio | Studio,1BA | $720 |
| Commerce Apartments | 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 July 21, 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 3 Bedroom Model at Henderson Apartments starting at $1,200 with a $0.98 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. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Henderson Apartments | 3 Bedroom | 3BR,2BA | $0.98 |
| Sleepy Eye Apartments Homes | 2 Bedroom 2 Bath | 2BR,2BA | $1.26 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $0.69 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.35 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.13 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Highfield Apartments | 2 BR 1 BA Income Restricted | 2BR,1BA | $1.27 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| 219 6th St SW | One Bedroom | 1BR,1BA | $1.20 |
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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
Lafayette, MN Apartments MapLafayette, MN Rental Homes MapGetting 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 Highland Hills Apartments listed at $720.
How much is rent for a Cheap One Bedroom Lafayette Apartment?
The lowest price for a Cheap One Bedroom Lafayette Apartment is $875 at Commerce 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 $675 at The Edge Apartments.
What is the most affordable Lafayette Three Bedroom Apartment?
The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Henderson Apartments and starts from $1,200.
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.
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.
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.