Median Age
34 Years
Largest Age Group
20-29 Years
Approximately 18% of Residents
Under 20
26%
Over 65
15%
Lafayette, IN Area Guide
Avg Rent
$1,065
Population
72,137
Renter Mix
54% Rent
A lively Indiana college town with a bustling historic district
College Town
•
Affordable
•
Lively
Located along the Wabash River, Lafayette combines historic charm with contemporary living options. From downtown apartments in restored buildings to peaceful suburban communities, the city offers diverse housing choices. One-bedroom apartments average $1,010 monthly, while two-bedroom units average $1,216, showing a 2.6% year-over-year increase. The downtown district features preserved 19th-century architecture, local shops, and Riehle Plaza, where residents gather for the seasonal farmers' market and community events. Columbian Park serves as a central recreational destination, complete with a zoo, playground areas, and walking paths.
Lafayette's economy thrives with major employers like Subaru of Indiana Automotive and Wabash National. The city's connection to neighboring Purdue University adds educational and cultural dimensions to the community. Local history comes alive at the annual Feast of the Hunters' Moon festival at Fort Ouiatenon, celebrating the area's French colonial heritage. Notable areas include Ninth Street Hill, showcasing preserved Victorian architecture, Highland Park with its established residential streets, and Glen Acres, each offering distinct rental opportunities.
Explore the City
The picturesque Wabash River along Downtown Lafayette is the perfect place to watch the sunset.
Purdue University is just over the Wabash River from Lafayette, Indiana.
Homes in Ellsworth Romig boast beautiful and creative colors.
Demographics
Median Household Income
$48,070
Average: $61,273
Education
17,538
Residents Have a Degree
Job Market
37,585
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Lafayette has more renters than homeowners.
Renters
54%
Non-Renters
46%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
19%
Other Education
81%
Rent Trends
As of July 2026, the average apartment rent in Lafayette, IN is $1,092 for a studio, $1,067 for one bedroom, $1,282 for two bedrooms, and $1,609 for three bedrooms. Apartment rent in Lafayette has decreased by -0.1% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,067/month
719 Sq Ft
House
$1,816/month
1,277 Sq Ft
Cost of Living
The cost of living in Lafayette, IN is 5.5% lower than the national average. Generally, housing in Lafayette is 15.2% less expensive than the national average, with rent falling between $1,067 - $1,609. You can expect to pay 3.0% less for groceries, 5.4% less for utilities, and 0.9% more for transportation.
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Learn More About Lafayette
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Lafayette, IN is for everyday living.
Fairly Walkable
Walkability
50
/ 100
Limited Public Transit
Transit
30
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Mayflower Mill Elementary School
Public
Grades K-5
600 Students
Public
Grades PK-5
542 Students
Public
Grades K-5
452 Students
Public
Grades K-5
300 Students
Public
Grades K-5
538 Students
Public
Grades 6-8
547 Students
Public
Grades 6-8
675 Students
Public
Grades 6-8
311 Students
Lafayette Tecumseh Jr High School
Public
Grades 6-8
1,043 Students
Public
Grades 6-8
491 Students
Public
Grades 9-12
1,835 Students
Public
Grades 9-12
2,118 Students
Public
Grades 9-12
366 Students
Public
Grades K-12
269 Students
Public
Grades 9-12
62 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Columbian Park Zoo
- Imagination Station
- Purdue University Horticulture Gardens
- Lilly Nature Center
- Prophetstown State Park
Commuter Rail
Top Apartments in Lafayette
Houses for Rent in Lafayette
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Nearby City Rentals
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.