Cheap Apartments for Rent in Lafayette Parish, LA from $500 (147 Rentals)

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

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207 Lana Dr, Unit Apt. A
$675
Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675
1 Bedroom Apartment Available Now

207 Lana Dr, Unit Apt. A

207 Lana DrLafayette, LA 70503
Affordability
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property at 214 St Thomas St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Townhome for Rent

Available Now

214 St Thomas St, Unit Apt A

214 St Thomas St
LafayetteLA70506

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property at 304 Loire Ave

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

304 Loire Ave, Unit A-D

304 Loire Ave
LafayetteLA70507

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Showing Results 1-50, Page 1 of 3

Cheapest Available Lafayette Parish Apartments for Rent

 

The cheapest available apartment rental in Lafayette Parish, LA is a Studio unit found at Eagle Run in the Central Lafayette Parish neighborhood priced from $650. Lila Place in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $757. Here is today’s list of the most affordable Lafayette Parish apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle RunEfficiency Floor PlanStudio,1BA$650
Lila PlaceLPA11BR,1BA$757
Stonegate Apartments1x11BR,1BA$760
City Heights Steeplechase1x11BR,1BA$780
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$782
Patriot Point of Lafayette2 Bed 1 Bath2BR,1BA$785
Landfair Complex2/12BR,1BA$800

Best Value Apartments for Rent in Lafayette Parish, LA

As of June 23, 2026 the best value apartment in the Lafayette Parish area is the $0.64 price per square foot 2x2 Model at The Commons at Ridge and Loop in the in the Central Lafayette Parish neighborhood starting from $900. The second greatest value Lafayette Parish apartment is the 101 Belgium St Model at 101 Belgium St, Unit AD starting at $795 with a $0.76 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.
The Commons at Ridge and Loop2x22BR,2BA$0.64
101 Belgium St, Unit AD101 Belgium St2BR,1.5BA$0.76
French Colony2 Bedroom 2 Bathroom2BR,2BA$1.04
The QuartersB2 Floor Plan (Burgundy) - Call for Availability2BR,2BA$0.80
Whispering Oaks Apartments2x2 (Plan E)2BR,2BA$0.97
Patriot Point of Lafayette3 Bed 1 Bath3BR,1BA$1.06
Landfair Complex2/12BR,1BA$0.92
Chateau Lafayette Apartments2 Bed 2 Bath II2BR,2BA$0.97
Theater Street ApartmentsB1 Floor Plan2BR,2BA$1.01
City Heights Steeplechase1x11BR,1BA$1.04

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 $800.

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

The cheapest apartment in Lafayette Parish is Diamond Lakes Apartment Homes which is listed at $726, while the average apartment in Lafayette Parish costs $1,875.

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 75 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 $288 which is $1,587 cheaper than the average rent for all rentals in Lafayette Parish.

Expert Rental Resources

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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