Cheap Apartments for Rent in Lafayette Parish, LA from $500 (96 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lafayette Parish.

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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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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Cheapest Available Lafayette Parish Apartments for Rent

 

The cheapest available apartment rental in Lafayette Parish, LA is a Studio unit found at Acadian Crossing/Utilities Included in the Central Lafayette Parish neighborhood priced from $695. Chateau Lafayette Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Lafayette Parish apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$695
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$700
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Lila PlaceLPA21BR,1BA$757
Diamond Lakes Apartment Homes1 Bedroom1BR,1BA$774
Holly PlaceHPA11BR,1BA$795
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Brookwood (Patriot Point of Lafayette)2 Bed 1 Bath2BR,1BA$825
BasswoodLarge 1x1 Main Level Classic1BR,1BA$825
The Bradford1X11BR,1BA$830

Best Value Apartments for Rent in Lafayette Parish, LA

As of June 24, 2025 the best value apartment in the Lafayette Parish area is the $0.99 price per square foot 3 Bedroom Model at Brooke Pointe in the in the Central Lafayette Parish neighborhood starting from $1,250. The second greatest value Lafayette Parish apartment is the HPC1 Model at Holly Place starting at $1,269 with a $1.10 price per square foot in the Central Lafayette Parish neighborhood. Here is today’s list of the best values for Lafayette Parish apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brooke Pointe3 Bedroom3BR,2BA$0.99
Holly PlaceHPC13BR,2BA$1.10
French Colony2 Bedroom 2 Bathroom2BR,2BA$1.03
Park Place Apartments2 Bedrooms/ 1.5 Bath2BR,1.5BA$0.96
798 E Farrel Rd, Unit Apt A798 E Farrel Rd1BR,1BA$1.02
Brookwood (Patriot Point of Lafayette)3 Bed 1 Bath3BR,1BA$1.04
Riverside At Oakbourne TownhomesOne Bedroom1BR,1BA$1.11
Acadian Point ApartmentsB1 2 BEDROOM 1 BATH2BR,1BA$1.01
Gallery Apartments2 Bedroom / 2 Bath - Plan C2BR,2BA$1.04
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$0.93

Frequently Asked Questions about Cheap Lafayette Parish Apartments

What is the price of a cheap apartment in Lafayette Parish?

The cheapest apartment in Lafayette Parish is Garden Heights Apartments which is listed at $750, while the average apartment in Lafayette Parish costs $2,185.

What types of apartments are the cheapest in Lafayette Parish?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Lafayette Parish that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lafayette Parish?

Cheap apartments in Lafayette Parish have an average cost of $102 which is $2,083 cheaper than the average rent for all rentals in Lafayette Parish.

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.