25 Cheap Apartments for rent in Lafayette, LA

Last updated September 20 at 9:36AM
128 N Meyers Drive A
Broadmoor
Lafayette, LA
Updated September 3 at 9:47AM
1 Bedroom
$600
201 Duval St
Lafayette
Lafayette, LA
Updated September 20 at 9:23AM
2 Bedrooms
$600
207 Saint Vincent
Lafayette
Lafayette, LA
Updated September 16 at 10:39AM
1 Bedroom
$550
505 Stevenson St. 1/2
Downtown Lafayette
Lafayette, LA
Updated September 16 at 10:28AM
1 Bedroom
$525
709 Stewart Street - 709 Stewart
Lafayette
Lafayette, LA
Updated September 2 at 10:42AM
1 Bedroom
$450
600 Colorado Rd
Duson
Duson, LA
Updated September 20 at 9:24AM
2 Bedrooms
$525
Results within 1 miles of Lafayette, LA
114 Marigny Cir
Duson
Duson, LA
Updated September 20 at 9:24AM
Studio
$525
207 Mills
Scott
Scott, LA
Updated September 14 at 2:45AM
2 Bedrooms
$550
100 Barracks St
Duson
Duson, LA
Updated September 20 at 9:23AM
2 Bedrooms
$525
114 Marigny Cir
Duson
Duson, LA
Updated September 18 at 6:43PM
2 Bedrooms
$525
123 Valton Castille
Church Point
Church Point, LA
Updated September 2 at 10:49AM
2 Bedrooms
$550
Results within 10 miles of Lafayette, LA
410 Hawthorne
Abbeville
Abbeville, LA
Updated September 2 at 10:42AM
Studio
$360
234 S Broadway St
Church Point
Church Point, LA
Updated September 18 at 2:26AM
2 Bedrooms
$450
216 Al Pearson Drive
Acadian Oaks
Lafayette, LA
Updated September 1 at 2:50AM
2 Bedrooms
$525
510 Edwards
Abbeville
Abbeville, LA
Updated September 20 at 9:36AM
3 Bedrooms
$365
406 Hawthorne
Abbeville
Abbeville, LA
Updated September 20 at 9:36AM
4 Bedrooms
$475
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Rent Report
Lafayette

September 2017 Lafayette Rent Report

Welcome to the September 2017 Lafayette Rent Report. In this report, we'll evaluate trends in the Lafayette rental market, including comparisons to similar cities nationwide.

Lafayette rents increase sharply over the past month

Lafayette rents have increased 0.8% over the past month, and are up marginally by 1.0% 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 sixth 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 2.4%, as well as the national average of 3.0%.

Lafayette rents more affordable than many large cities nationwide

Rent growth in Lafayette has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. 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 3.0% over the past year compared to the 1.0% rise in Lafayette.
  • While rents in Lafayette remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • 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.