Cheap Homes for Rent in Lafayette, MN from $1,100 (21 Rentals)

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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-21, Page 1 of 1

Lafayette, MN Local Guide

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 ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
36 Jefferson Ave E1 Bed1BR,1BA$800
Le Sueur Apartments1 Bedroom1BR,1BA$895
RoK Lofts1 Bedroom Unit1BR,1BA$1,000
Sleepy Eye Apartments Homes1 Bedroom 1 Bath1BR,1BA$1,000

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 3 Bedroom 2 Bath Model at Augusta Commons starting at $1,525 with a $1.27 price per square foot in the East Mankato neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.27
Traverse Green Apartments2x1.752BR,1BA$1.35
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
Welco West2 Bedroom2BR,1BA$1.21
The Edge ApartmentsTwo Bedroom2BR,1BA$1.22
803 W Main StTwo Bedroom2BR,2BA$1.10
Cedar Meadow Apartments3BR3BR,1BA$1.35
Village Court Apartments2 Bed, 1 Bath (renovated)2BR,1BA$1.30
36 Jefferson Ave E1 Bed1BR,1BA$1.11

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.

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Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 61 Apartments for Rent in Lafayette, MN with pricing that ranges from $775 to $3,725. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $1,150 to $3,000.

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 $1,150 to $3,000 with an average monthly rent of $1,837.

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 $1,249 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,294 to $1,900. Four Bedroom Single-Family rentals are also available starting from $1,500 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.

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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.

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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.

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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.

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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.