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from $6901 to 3 Bedroom Apartments Available Now
Bayou Shadows Apartment Homes
101 Westwood DrLafayette, LA 70506
Cheap Apartments for Rent in the Downtown Lafayette Neighborhood of Lafayette, LA from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lafayette area of Lafayette.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
311 S Pierce St
LafayetteLA70501
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from $7851 Bedroom Apartments Available Now
The Lofts at the Municipal
124 E Main StLafayette, LA 70501
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Downtown Lafayette, Lafayette, LA Local Guide
How much does it cost to rent an apartment in Downtown Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lafayette Studio Apartments | $886 | $774 | $970 |
| Downtown Lafayette 1 Bedroom Apartments | $1,129 | $690 | $1,785 |
| Downtown Lafayette 2 Bedroom Apartments | $1,028 | $540 | $1,892 |
| Downtown Lafayette 3 Bedroom Apartments | $1,137 | $495 | $2,094 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Lafayette Neighborhood of Lafayette, LA.
See all Apartments in LafayetteExplore Lafayette
Downtown Lafayette, Lafayette, LA Local Guide
- Nearby Lafayette neighborhoods
- Nearby Cities
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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 Lila Place priced from $757. Stonegate Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable Downtown Lafayette apartments for rent in Lafayette, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lila Place | LPA2 | 1BR,1BA | $757 |
| Stonegate Apartments | 1x1 | 1BR,1BA | $760 |
| Holly Place | HPA1 | 1BR,1BA | $795 |
Best Value Apartments for Rent in Downtown Lafayette, LA
As of May 15, 2025 the best value apartment in the Downtown Lafayette area is the $1.10 price per square foot HPC1 Model at Holly Place in the in the Central Lafayette Parish neighborhood starting from $1,269. The second greatest value Downtown Lafayette apartment is the A14 Model at The Lofts at the Municipal starting at $1,335 with a $1.77 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Holly Place | HPC1 | 3BR,2BA | $1.10 |
| The Lofts at the Municipal | A14 | 1BR,1BA | $1.77 |
| The Genesis Lafayette | NOVA | 1BR,1BA | $1.38 |
| Stonegate Apartments | 1x1 | 1BR,1BA | $1.15 |
| Lux of Lafayette | 1x1 | 1BR,1BA | $1.40 |
| Bayou Shadows Apartment Homes | 1br 1ba 650-653Sq.Ft. | 1BR,1BA | $1.55 |
| Vermilion Lofts | Loft A-One Bed | 1BR,1BA | $1.91 |
| The Quarters | A1 Floor Plan (Royal) - Call for Availability! | 1BR,1BA | $2.16 |
| Lila Place | LPA1 | 1BR,1BA | $1.37 |
| The Monroe | A1 - Studio | 1BR,1BA | $2.15 |
Quick Rent Budget Calculator
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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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Pet Friendly LifestyleDowntown Lafayette, Lafayette, LA
Ranked #3
Among neighborhoods in Lafayette, LA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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 Downtown Lafayette Apartments
What is the price of a cheap apartment in Downtown Lafayette?
The cheapest apartment in Downtown Lafayette is Lila Place which is listed at $757, while the average apartment in Downtown Lafayette costs $1,185.
What types of apartments are the cheapest in Downtown 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 9 regular apartments in Downtown 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 Downtown Lafayette?
Cheap apartments in Downtown Lafayette have an average cost of $454 which is $731 cheaper than the average rent for all rentals in Downtown 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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.