20 Cheap Apartments for rent in Lafayette, LA

Last updated November 18 at 10:13am UTC
302 Loire Avenue
Lafayette
Lafayette, LA
Updated October 18 at 9:51am UTC
2 Bedrooms
$575
4936 W Congress Street
Lafayette
Lafayette, LA
Updated November 11 at 5:07pm UTC
3 Bedrooms
$600
201 Duval St
Lafayette
Lafayette, LA
Updated November 18 at 10:13am UTC
2 Bedrooms
$600
625 Lafayette
Mills
Lafayette, LA
Updated November 11 at 10:45am UTC
1 Bedroom
$495
Results within 1 miles of Lafayette, LA
608 Colorado Rd
Duson
Duson, LA
Updated October 31 at 1:38am UTC
2 Bedrooms
$525
301 W Marigny Cir
Duson
Duson, LA
Updated November 13 at 5:49pm UTC
2 Bedrooms
$500
509 Marigny Cir
Duson
Duson, LA
Updated November 16 at 12:36pm UTC
2 Bedrooms
$500
311 W Marigny Cir
Duson
Duson, LA
Updated November 13 at 5:49pm UTC
Studio
$525
100 Barracks St
Duson
Duson, LA
Updated November 16 at 12:36pm UTC
2 Bedrooms
$525
114 Marigny Cir
Duson
Duson, LA
Updated November 16 at 12:36pm UTC
2 Bedrooms
$525
Results within 10 miles of Lafayette, LA
139 Valton Castille
Church Point
Church Point, LA
Updated October 2 at 10:54am UTC
2 Bedrooms
$550
123 Valton Castille
Church Point
Church Point, LA
Updated October 1 at 9:31am UTC
2 Bedrooms
$550
404 Hawthorne
Abbeville
Abbeville, LA
Updated September 26 at 3:46am UTC
3 Bedrooms
$535
205 Armand St.
New Iberia
New Iberia, LA
Updated November 2 at 12:27pm UTC
2 Bedrooms
$600
1232 S Railroad
Opelousas
Opelousas, LA
Updated November 17 at 5:39pm UTC
2 Bedrooms
$500
Results within 20 miles of Lafayette, LA
410 Hawthorne
Abbeville
Abbeville, LA
Updated September 26 at 3:46am UTC
Studio
$360
412 Hawthorne
Abbeville
Abbeville, LA
Updated September 26 at 3:46am UTC
Studio
$350
325 Bayou Rd
Port Barre
Port Barre, LA
Updated November 3 at 1:37am UTC
1 Bedroom
$325
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November 2017 Lafayette Rent Report

Welcome to the November 2017 Lafayette Rent Report. Lafayette rents increased over the past month. In this report, we'll evaluate trends in the Lafayette rental market, including comparisons to similar cities nationwide.

View full Lafayette Rent Report
Rent Report
Lafayette

November 2017 Lafayette Rent Report

Welcome to the November 2017 Lafayette Rent Report. Lafayette rents increased over the past month. In this report, we'll evaluate trends in the Lafayette rental market, including comparisons to similar cities nationwide.

Lafayette rents increased significantly over the past month

Lafayette rents have increased 0.4% over the past month, and have increased slightly by 1.9% in comparison to the same time last year. Currently, median rents in Lafayette stand at $700 for a one-bedroom apartment and $840 for a two-bedroom. This is the eighth straight month that the city has seen rent increases after a decline in February. Lafayette's year-over-year rent growth lags the state average of 2.3%, as well as the national average of 2.7%.

Lafayette rents more affordable than many large cities nationwide

As rents have increased slightly in Lafayette, large cities nationwide have seen rents grow more quickly. Lafayette is still more affordable than most large cities across the country.

  • Lafayette's median two-bedroom rent of $840 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.9% increase in Lafayette.
  • While Lafayette's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Lafayette than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Lafayette.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.