Cheap Homes for Rent in Lafayette Parish, LA from $500 (83 Rentals)

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

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 220 Doucet Rd

$850 - $950

1 To 2 Bedroom Rentals

Available Now

220 Doucet Rd

LafayetteLA70503

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.

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property at 413 Mary St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Now

413 Mary St

BroussardLA70518

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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property at 615 Madison St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

615 Madison St

LafayetteLA70501
property at 206 Challenger St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Townhome for Rent

Available Now

206 Challenger St, Unit Apt A

206 Challenger St
LafayetteLA70506

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Studio unit found at Eagle Run in the Central Lafayette Parish neighborhood priced from $650. Patriot Point of Lafayette in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. 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
Patriot Point of Lafayette1 Bedroom1BR,1BA$695
Diamond Lakes Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$726
Lila PlaceLPA11BR,1BA$757
Stonegate Apartments1x11BR,1BA$760
City Heights Steeplechase1x11BR,1BA$780
Landfair Complex2/12BR,1BA$800
Acadian CrossingAcadian - StudioStudio,1BA$810

Best Value Apartments for Rent in Lafayette Parish, LA

As of June 20, 2026 the best value apartment in the Lafayette Parish area is the $0.37 price per square foot Acadian Model at Cottage Landing in the in the Central Lafayette Parish neighborhood starting from $665. The second greatest value Lafayette Parish apartment is the 2x2 Model at The Commons at Ridge and Loop starting at $900 with a $0.64 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.
Cottage LandingAcadian4BR,4BA$0.37
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
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 Lafayette Parish

What type of rentals are currently available in Lafayette Parish?

There are currently 189 Apartments for Rent in Lafayette Parish, LA with pricing that ranges from $530 to $3,650. There are also 229 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Parish ranging from $595 to $5,750.

What is the current price range for Rental Homes in Lafayette Parish?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette Parish ranges from $595 to $5,750 with an average monthly rent of $2,290.

How much are larger Three and Four Bedroom Rentals in Lafayette Parish?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette Parish range from $530 to $2,690, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $601.

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.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.