Cheap Apartments for Rent in Lafayette, IN from $400 (89 Rentals)

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

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1626 Main St
1 Bedroom Apartments

1626 Main St

1626 Main StLafayette, IN 47904
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CNC Leasing Group
1 Bedroom Apartments

CNC Leasing Group

1031 N 6th StLafayette, IN 47904
  • Utilities Included
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Monon Place
Studio Apartments

Monon Place

510 Salem StLafayette, IN 47904
Student Housing
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Southpoint
1 to 2 Bedroom Apartments

Southpoint

2450 S Earl AveLafayette, IN 47905
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CNC Leasing Group
2 Bedroom Apartments

CNC Leasing Group

1500-1506 Perdue StLafayette, IN 47905
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Sunset Ridge Apartments
2 Bedroom Apartments

Sunset Ridge Apartments

1421-1423 Sunset Ridge DrLafayette, IN 47905
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White Pines Duplexes
1 to 2 Bedroom Apartments

White Pines Duplexes

2700 Plaza LnLafayette, IN 47909
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1218 Columbia St
1 to 2 Bedroom Apartments

1218 Columbia St

1218 Columbia StLafayette, IN 47901
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Northfield Commons
1 to 2 Bedroom Apartments

Northfield Commons

2100-2220 Banstead CtLafayette, IN 47904
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Portledge Commons
1 Bedroom Apartments

Portledge Commons

505 Portledge Commons DrLafayette, IN 47904
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Overlook Pointe
1 to 4 Bedroom Apartments

Overlook Pointe

726 Elston RdLafayette, IN 47909
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Schultz Lofts
Studio to 2 Bedroom Apartments

Schultz Lofts

216 N 4th StLafayette, IN 47901
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214 Perrin Ave
Studio to 1 Bedroom Apartments

214 Perrin Ave

214 Perrin AveLafayette, IN 47901
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The Crossing
1 Bedroom Apartments

The Crossing

1616 Center StLafayette, IN 47905
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Uptown West
1 Bedroom Apartments

Uptown West

705-707 N 5th StLafayette, IN 47901
Student Housing
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Showing Results 1-50, Page 1 of 2

Lafayette, IN Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 03/26/2025

Current apartment rentals in the Lafayette, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lafayette Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lafayette$1,700$5956033

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in Lafayette, IN is a Studio unit found at CNC Leasing Group Various Lafayette Locations in the Downtown Lafayette neighborhood priced from $595. Stonecrest Apartments in the Downtown Lafayette neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CNC Leasing Group Various Lafayette LocationsStudioStudio,1BA$595
Stonecrest ApartmentsStudioStudio,1BA$625
CNC Leasing Group1BD 1BTH1BR,1BA$650
CNC Leasing Group1BD 1BTH1BR,1BA$695
Waterford CourtStandard One Bedroom (SN4M)1BR,1BA$753
Historic Downtown Apartments II2x12BR,1BA$800
Anvil 38 ApartmentsSAStudio,1BA$816
Pheasant RunThe Pheasant 1 BR 1 BA1BR,1BA$855

Best Value Apartments for Rent in Lafayette, IN

As of March 26, 2025 the best value apartment in the Lafayette area is the $1.13 price per square foot 4x3 D Model at Hub on Campus West Lafayette in the in the Downtown Lafayette neighborhood starting from $1,395. The second greatest value Lafayette apartment is the 1BR/1.0BA Model at The Press starting at $1,325 with a $1.26 price per square foot in the Downtown Lafayette neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hub on Campus West Lafayette4x3 D4BR,3BA$1.13
The Press1BR/1.0BA1BR,1BA$1.26
The Ravine Apartment Homes2 BR UPGRA2BR,1.5BA$1.23
Crosswalk Commons4 Bedroom 2 Bath4BR,2BA$0.69
The Luna FlatsLuna - Individual Lease - 2bed2BR,2BA$1.10
Georgetown South1 Bedroom1BR,1BA$1.19
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1.25
CNC Leasing Group1BD 1BTH1BR,1BA$0.99
Historic Downtown Apartments II2x12BR,1BA$1.28
509 New York St, Unit 4509 New York StStudio ,1BA$1.30

Quick Rent Budget Calculator

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Lafayette Overview

One of the top towns for individuals and families alike is Lafayette, IN. This is a town that is known for its pleasant weather, welcoming feel, and delicious food. Those who are looking for Lafayette apartments should know that affordable housing is available in this welcoming city. Anyone who is looking for apartments in Lafayette, IN must know where to live. This city sits in between Indianapolis and Chicago, providing easy access to both. The town of Lafayette, IN is also home to a strong educational system that attracts people from all over the country.

Why live in Lafayette, IN?

There are a few major reasons why people choose to live in Lafayette, IN. First, the weather is relatively stable throughout the year, never getting too hot or too cold. Second, this is an area of the country that is growing quickly, providing strong employment opportunities. Finally, the people in this town are friendly and welcoming to everyone who wants to call Lafayette, IN home.

Best Local Schools in
Lafayette, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lafayette, IN Rentals by Map

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See the most popular apartments and homes in Lafayette, IN

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Getting Around Lafayette, IN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lafayette Apartments

What is a cheap apartment in Lafayette?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette is under $855.

What is the price of a cheap apartment in Lafayette?

The cheapest apartment in Lafayette is CNC Leasing Group which is listed at $650, while the average apartment in Lafayette costs $1,700.

What types of apartments are the cheapest in Lafayette?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 726 regular apartments in Lafayette that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lafayette?

Cheap apartments in Lafayette have an average cost of $511 which is $1,189 cheaper than the average rent for all rentals in Lafayette.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.