
Cheap Homes for Rent in Lafayette, MN from $600 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.


108 3rd St W

255 6th Ave NE

114 Lynn Ln

418 Allan Ave

47 Wood Dr
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.

123 Jaybee Ln

109 Maple Dr

121 Lynn Ln

118 Lynn Ln

121 Maple Dr

21 Wood Dr
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.

152 Lynn Ln

141 Lynn Ln

103 Maple Dr

123 Lynn Ln

121 Jaybee Ln

156 Lynn Ln
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.

130 S Webster St

1333 1st Ave
Lafayette, MN Local Guide

How much does it cost to rent a home in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette 2 Bedroom Homes for Rent | $1,424 | $1,100 | $2,495 |
| Lafayette 3 Bedroom Homes for Rent | $1,766 | $1,200 | $2,785 |
| Lafayette 4 Bedroom Homes for Rent | $1,744 | $1,300 | $2,300 |
| Lafayette 5 Bedroom Homes for Rent | $2,795 | $2,595 | $2,995 |
Browse Top Homes for Rent in Lafayette
Explore Lafayette
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 Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. Autumn Glen Apartments 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 | Studio | Studio,1BA | $750 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $800 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Tiller Place | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Lafayette, MN and Nearby
As of October 23, 2025 the best value apartment in the Lafayette area is the $1.19 price per square foot Fox Run Townhomes 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 Three Bedroom Model at 442 Belgrade Ave starting at $1,500 with a $0.94 price per square foot in the City Center Mankato 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 | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.94 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.14 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.03 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.28 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $1.25 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Lafayette
What type of rentals are currently available in Lafayette?
There are currently 72 Apartments for Rent in Lafayette, MN with pricing that ranges from $750 to $2,830. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $695 to $2,995.
What is the current price range for Rental Homes in Lafayette?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette ranges from $695 to $2,995 with an average monthly rent of $1,732.
How much are larger Three and Four Bedroom Rentals in Lafayette?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette range from $1,242 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,785. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,600.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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.