Cheap Apartments for Rent in Lafayette, IN from $400 (111 Rentals)

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

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Lafayette, IN Local Guide

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Cheapest Neighborhoods for Apartments in Lafayette, IN

Pricing Updated: 05/14/2025

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$1,675$595163

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
Brampton Apartments2 Beds, 1 bath2BR,1BA$650
CNC Leasing Group1BD 1BTH1BR,1BA$695
Historic Downtown Apartments II2x12BR,1BA$800
Pheasant RunThe Retriever StudioStudio,1BA$838
VarsityThe Varsity - 306 **Immediate move-in**Studio,1BA$875
Village Square Apartments1x1B1BR,1BA$878
The Luna FlatsLuna Flats - 2Bed/2Bath (2C)2BR,2BA$899

Best Value Apartments for Rent in Lafayette, IN

As of May 15, 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
502-524 S 15th Street1BR/1.0BA1BR,1BA$1.00
1930 Salem St1930 Salem St1BR,1BA$1.00
2351 State Road 25 W(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.09
The Luna FlatsLuna Flats - 2Bed/2Bath (2C)2BR,2BA$0.99
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1.25
Georgetown South1 Bedroom1BR,1BA$1.19
CNC Leasing Group1BD 1BTH1BR,1BA$0.99
Brampton Apartments2 Beds, 1 bath2BR,1BA$1.08

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 $899.

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 $1,675.

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 21 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 $467 which is $1,208 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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