Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $500 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Uptown Lofts
Studio to 3 Bedroom Apartments

Uptown Lofts

519 S Pierce StLafayette, LA 70501
close
View Me
619 Lafayette St
$6501 Bedroom, 1 Bath RentalsAvailable Now

619 Lafayette St

Lafayette, LA 70501
View Details

Downtown Lafayette, Lafayette, LA Local Guide

Cheapest Available Downtown Lafayette Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lafayette area of Lafayette, LA is a 1 Bed unit found at Stonegate Apartments priced from $760. River Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:

Apartment ListingModel NameBed/BathPriced From
Stonegate Apartments1x11BR,1BA$760
River Oaks Apartments1x11BR,1BA$850
Bayou Shadows Apartment HomesEfficiency 510Sq.Ft1BR,1BA$874
Vermilion LoftsStudio BStudio,1BA$880
The Lofts at the MunicipalL-A41BR,1BA$925

Best Value Apartments for Rent in Downtown Lafayette, LA

As of February 15, 2025 the best value apartment in the Downtown Lafayette area is the $0.78 price per square foot Two Bedroom Model at Edge at Lafayette Student Apartments in the in the Central Lafayette Parish neighborhood starting from $715. The second greatest value Downtown Lafayette apartment is the 615 Madison St Model at 615 Madison St, Unit 615 Madison Street #3 starting at $1,000 with a $1.11 price per square foot in the Central Lafayette Parish neighborhood. Here is today’s list of the best values for Downtown Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Edge at Lafayette Student ApartmentsTwo Bedroom2BR,2BA$0.78
615 Madison St, Unit 615 Madison Street #3615 Madison St1BR,1BA$1.11
River Oaks Apartments1x11BR,1BA$1.18
The Genesis LafayetteNOVA1BR,1BA$1.38
Bridgeway Apartments II1 Bed 1 Bath1BR,1BA$1.44
The Lofts at the MunicipalA61BR,1BA$1.89
Stonegate Apartments1x11BR,1BA$1.15
Lux of Lafayette1x11BR,1BA$1.40
Bayou Shadows Apartment HomesEfficiency 510Sq.Ft1BR,1BA$1.71
Vermilion LoftsStudio BStudio ,1BA$1.98

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

Getting Around the Downtown Lafayette Neighborhood in Lafayette, LA

Walk Score®

88 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Downtown Lafayette Apartments

What is the Cheapest Studio apartment in Downtown Lafayette?

Currently the most affordable Cheap Studio Apartment in Downtown Lafayette is at Vermilion Lofts listed at $880.

How much is rent for a Cheap One Bedroom Downtown Lafayette Apartment?

The lowest price for a Cheap One Bedroom Downtown Lafayette Apartment is $760 at Stonegate Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Lafayette Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lafayette is starting from $925 at Stonegate Apartments.

What is the most affordable Downtown Lafayette Three Bedroom Apartment?

The best deal on a cheap Downtown Lafayette Three Bedroom Apartment rental is at Bridgeway Apartments II and starts from $1,076.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.