Cheap Apartments for Rent in Lafayette Parish, LA from $500 (114 Rentals)

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

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Cheapest Available Lafayette Parish Apartments for Rent

 

The cheapest available apartment rental in Lafayette Parish, LA is a 1 Bed unit found at Gallery Apartments in the Central Lafayette Parish neighborhood priced from $725. Basswood in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Lafayette Parish apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$725
Basswood1x1 Main Level Classic1BR,1BA$750
Whispering Oaks Apartments1x1 500sf downstairs1BR,1BA$750
Eagle Run1BR Floor Plan1BR,1BA$750
Theater Street ApartmentsB3UF Floor Plan2BR,2BA$770
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$779
Lila PlaceLPA21BR,1BA$795
Lux of Lafayette1x11BR,1BA$799

Best Value Apartments for Rent in Lafayette Parish, LA

As of November 05, 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 2 Bed 2 Bath (B3) Model at The Plantation at Lafayette starting at $1,213 with a $1.04 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
The Plantation at Lafayette2 Bed 2 Bath (B3)2BR,2BA$1.04
City Heights Steeplechase C.H.A.M.2x22BR,2BA$0.94
Canterbury Square2 Bedroom2BR,2BA$1.00
Maison Bocage Apartments2 Bed 2 Bath2BR,2BA$1.07
Stonegate Apartments2x22BR,2BA$0.93
French Colony2 Bedroom 2 Bathroom2BR,2BA$1.03
Cheyenne HeightsTwo Bed2BR,1BA$1.06
Elora PlaceOne Bedroom (a)1BR,1BA$1.05
Willow GardensTHA21BR,1.5BA$0.96

Frequently Asked Questions about Cheap Lafayette Parish Apartments

What is a cheap apartment in Lafayette Parish?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette Parish is under $799.

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

The cheapest apartment in Lafayette Parish is Gallery Apartments which is listed at $725, while the average apartment in Lafayette Parish costs $1,750.

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 115 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 $421 which is $1,329 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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Apartment Common Area Rules: What Renters Need to Know

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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For many people, obstacles can arise during the rental application process for a variety of issues.