Last updated
Average Rent in Lafayette, LA & Rent Trends
Rent prices and market trends across 9 apartment communities in Lafayette, LA. Updated daily.
Market Average
$1,072/mo
▼ 0.7% from last month
Lowest Available
$805/mo
cheapest unit on market
Communities
9
tracked daily
Units Listed
76
available now
Rent by Neighborhood in Lafayette, LA
Compare average rent across Lafayette, LA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Lafayette 70508 | $1,314 | $1,095 | 2 | 46 |
| Lafayette 70507 | $1,225 | $977 | 1 | 19 |
| Lafayette 70503 | $1,198 | $800 | 3 | 72 |
| Lafayette 70501 | $1,178 | $1,065 | 1 | 10 |
| Lafayette 70506 | $948 | $805 | 3 | 14 |
Is Rent Going Up or Down in Lafayette, LA?
As of May 2026, the average rent in Lafayette, LA is $1,072 per month across 9 apartment communities and 76 available units. Rents have decreased $8 (0.7%) over the past month.
The most affordable option is Willow Gardens Apartments starting at $805/mo. By unit type, a 1-bedroom averages $1,072/mo.
Prices range from $805 to $1,482 per month. The most common price point is the $1,000 range, where 38 units are currently listed.
Lafayette, LA Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Lafayette, LA
Rent Prices by Apartment in Lafayette, LA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Willow Gardens Apartments | $805/mo | $810/mo | 2 | 4 |
| Peppertree Apartment Homes | $860/mo | $970/mo | 27 | 3.8 |
| Canterbury Square Apartments | $880/mo | $895/mo | 2 | 4.3 |
| Maison Bocage | $900/mo | $900/mo | 1 | 4.5 |
| The Reserve at Couret Farms | $977/mo | $997/mo | 10 | 4.3 |
| The Monroe Downtown Apartments | $1,065/mo | $1,147/mo | 9 | 4.7 |
| Audubon Lake Apartment Homes | $1,095/mo | $1,149/mo | 8 | 4.3 |
Google Search Trends for Lafayette, LA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Lafayette, LA
What is the average rent in Lafayette, LA?
Is rent going up or down in Lafayette, LA?
What is the cheapest apartment in Lafayette, LA?
How much is a 1-bedroom apartment in Lafayette, LA?
How many apartments are available in Lafayette, LA?
What salary do I need to live comfortably in Lafayette, LA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$43,000/year
30 percent rule -- using our average rent of $1,072/mo.
Comfortable income
$51,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($805/mo), you need to earn at least $32,000/year.
Median household income in Lafayette, LA is $61,454 , about 19% above the comfortable-living threshold.
Cost of living in Lafayette, LA
Overall prices in Lafayette, LA runs below the national average by about 12% (BEA Regional Price Parity index 87.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lafayette, LA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,072 |
| Utilities | $259 |
| Groceries | $502 |
| Transportation | $618 |
| Healthcare | $302 |
| Other goods and services | $483 |
| Estimated total | $3,236/mo |
Population
121,537
Median household income
$61,454
Census median rent
$1,065/mo
Rent as % of income
30.1%
Median age
37.1
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Lafayette, LA Apartments
Browse all 9 communities with daily-updated pricing and availability.