305 S Broadway St
New UlmMN56073
Cheap Homes for Rent in Lafayette, MN from $900 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lafayette.
122 Lynn Ln
MankatoMN56001
121 Laurinda Ln
MankatoMN56001
112 Terri Ln
MankatoMN56001
144 Lynn Ln
MankatoMN56001
102 Terri Ln
MankatoMN56001
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.
110 Terri Ln
MankatoMN56001
159 Laurinda Ln
MankatoMN56001
145 Lynn Ln
MankatoMN56001
123 Lynn Ln
MankatoMN56001
960 N 3rd St
St. PeterMN56082
304 Oak Ln
MankatoMN56001
133 Maple Dr
MankatoMN56001
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.
315 Louva Ln
MankatoMN56001
Showing Results 1-14, Page 1 of 1
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 a home in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette 2 Bedroom Homes for Rent | $1,497 | $1,294 | $1,825 |
| Lafayette 3 Bedroom Homes for Rent | $1,721 | $1,294 | $2,600 |
| Lafayette 4 Bedroom Homes for Rent | $2,041 | $1,980 | $2,150 |
| Lafayette 5 Bedroom Homes for Rent | $2,130 | $1,695 | $2,900 |
Browse Top Homes for Rent in Lafayette
Explore 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 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 24, 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 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| 219 6th St SW | One Bedroom | 1BR,1BA | $1.20 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $1.09 |
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.
Let everyone know!
Do you know the Lafayette area?
If you’re an expert on all things Lafayette, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Lafayette
What type of rentals are currently available in Lafayette?
There are currently 66 Apartments for Rent in Lafayette, MN with pricing that ranges from $675 to $2,125. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $945 to $2,900.
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 $945 to $2,900 with an average monthly rent of $1,712.
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 $1,200 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,294 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,980 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.
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.