Cheap Homes for Rent in Lafayette Parish, LA from $500 (49 Rentals)

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

property at 229 Reggie Rd

$500

2 Bedroom, 2 Bath Home for Rent

Available Now

229 Reggie Rd

DusonLA70529

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.

Read Article
property at 906 Center St

$850

2 Bedroom, 1 Bath Condo for Rent

Available Now

906 Center St

LafayetteLA70501

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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Showing Results 1-49, Page 1 of 1

Cheapest Available Lafayette Parish Apartments for Rent

 

The cheapest available apartment rental in Lafayette Parish, LA is a 1 Bed unit found at Patriot Point of Lafayette (FKA Brookwood) in the Central Lafayette Parish neighborhood priced from $695. Gallery Apartments in the Central Lafayette Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Lafayette Parish apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Patriot Point of Lafayette (FKA Brookwood)1 Bedroom1BR,1BA$695
Gallery Apartments1 Bedroom / 1 Bath - Plan E1BR,1BA$699
Whispering Oaks Apartments1x1 (Plan A)1BR,1BA$750
Eagle Run1BR Floor Plan1BR,1BA$750
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Theater Street ApartmentsB3UF Floor Plan2BR,2BA$780
Park Place Apartments1 Bedroom / 1 Bath1BR,1BA$799
Pinewoods ApartmentsOne bed One bath1BR,1BA$800
Acadian Crossing/Utilities IncludedAcadian - StudioStudio,1BA$810

Best Value Apartments for Rent in Lafayette Parish, LA

As of January 24, 2026 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 UNFURNISHED 2BR/2BA Model at Guidry Row Apartment Homes starting at $1,200 with a $1.13 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
Guidry Row Apartment HomesUNFURNISHED 2BR/2BA2BR,2BA$1.13
Canterbury Square2 Bedroom2BR,2BA$1.00
Holly PlaceHPB22BR,1BA$0.93
Cheyenne HeightsTwo Bed2BR,1BA$1.06
Acadian Point ApartmentsB1 2 BEDROOM 1 BATH2BR,1BA$1.10
104 Stanford Dr, Unit 104 Stanford Dr Apt C104 Stanford Dr2BR,1BA$0.91
Stonegate Apartments2x12BR,1BA$1.06
Lila PlaceLPB12BR,1BA$1.10
Park Place Apartments1 Bedroom / 1 Bath1BR,1BA$1.14

Frequently Asked Questions about Lafayette Parish

What type of rentals are currently available in Lafayette Parish?

There are currently 192 Apartments for Rent in Lafayette Parish, LA with pricing that ranges from $500 to $3,650. There are also 204 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Parish ranging from $500 to $5,000.

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 $500 to $5,000 with an average monthly rent of $1,519.

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 $2,329, while Three Bedroom Homes, Condos, and Townhomes for rent range from $985 to $3,800. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $621.

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.