Cheap Apartments for Rent in Lafayette Parish, LA from $500 (95 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article

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.

Read Article
property at 104 Gena Marie Dr

104 Gena Marie Dr

LafayetteLA70506

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.

Read Article
close
View Me
Fairway Apartments
1 Bedroom Apartments

Fairway Apartments

156 Verona DrLafayette, LA 70507
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Cheapest Available Lafayette Parish Apartments for Rent

 

The cheapest available apartment rental in Lafayette Parish, LA is a 2 Beds unit found at Chateau Lafayette Apartments in the Central Lafayette Parish neighborhood priced from $700. Gallery Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Lafayette Parish apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$700
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$725
Basswood1x1 Main Level Classic1BR,1BA$750
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Lila PlaceLPA21BR,1BA$757
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$798
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810
The Arts Apartments At Broussard CrossingA11BR,1BA$825
Eagle Run2BR/1.5BA Floor Plan2BR,1BA$848

Best Value Apartments for Rent in Lafayette Parish, LA

As of August 14, 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 3 Bedroom/ 2 Bathroom Model at Park Place Apartments starting at $1,295 with a $1.08 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
Park Place Apartments3 Bedroom/ 2 Bathroom3BR,2BA$1.08
Holly PlaceHPC13BR,2BA$1.10
La Veranda at Polly Lane2BR 2BA (1135 SF)2BR,2BA$1.17
Willow Park2 Bed 2 Bath2BR,2BA$0.82
Willow Gardens ApartmentsB3 - Townhouse2BR,2BA$0.87
Whispering Oaks Apartments2x2 850sf downstairs2BR,2BA$1.09
Chateau Lafayette Apartments2 Bed 2 Bath I2BR,2BA$0.93
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$1.12
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1.16

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 $848.

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 $1,842.

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 24 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 $348 which is $1,494 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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.