Lafayette

Many residents of Lafayette ride bicycles around the downtown area.
Many residents of Lafayette ride bicycles around the downtown area.
Downtown Lafayette is a vibrant community with culture and arts, dining, and nightlife.
Boats anchored at the shore await their turn for an adventurous swamp tour in Lafayette.

Lafayette, LA Area Guide

Avg Rent

$987

Population

122,572

Renter Mix

47% Rent

A college town rich with culture and history.

University History Students Restaurants Attractions

Lafayette sits at the heart of Acadiana, the broad cultural corridor stretching between Houston and New Orleans, and it carries that position with real confidence. Originally established as Vermilionville in the 1820s, the city has grown into Louisiana's fourth most populous, anchored by the University of Louisiana at Lafayette, a major healthcare presence at Ochsner Lafayette General Medical Center, and a long-established energy sector. That mix of education, medicine, and industry gives the local economy a layered stability that draws renters from across the region.

Neighborhood variety is one of Lafayette's quiet strengths. Downtown Lafayette offers walkable streets close to live music and galleries, while River Ranch brings a town-square feel with boutiques along Camellia Boulevard. The Saint Streets area features tree-lined blocks near Girard Park, and the Oil Center district sits close to medical offices and performing arts venues. Each pocket has its own rhythm, but all share easy access to the broader city.

The rental market reflects that range, with apartment communities, garden-style complexes, and historic cottages available across price points. Festival International de Louisiane, one of the largest free outdoor music festivals in North America, roots the city's identity in its French Creole heritage every spring.

Explore the City

Downtown Lafayette is a vibrant community with culture and arts, dining, and nightlife.

Boats anchored at the shore await their turn for an adventurous swamp tour in Lafayette.

Many residents of Lafayette ride bicycles around the downtown area.

Demographics

Median Household Income

$52,465

Average: $77,866

Education

38,984

Residents Have a Degree

Job Market

59,116

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

39 Years

Largest Age Group

25-34 Years

Approximately 15% of Residents

Under 20

23%

Over 65

19%

Housing Distribution

Lafayette has more homeowners than renters.

Renters
47%
Non-Renters
53%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
26%
Other Education
74%

Rent Trends

As of April 2026, the average apartment rent in Lafayette, LA is $733 for a studio, $991 for one bedroom, $1,197 for two bedrooms, and $1,640 for three bedrooms. Apartment rent in Lafayette has decreased by -1.9% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$991/month
702 Sq Ft
House
$1,699/month
1,450 Sq Ft
Condo
$1,332/month
902 Sq Ft
Townhome
$1,725/month
1,180 Sq Ft
See Rental Market Trends in Lafayette, LA

Cost of Living

The cost of living in Lafayette, LA is 13.0% lower than the national average. Generally, housing in Lafayette is 36.7% less expensive than the national average, with rent falling between $733 - $1,640. You can expect to pay 2.4% less for groceries, 10.0% less for utilities, and 0.1% less for transportation.

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Learn More About Lafayette

Getting Around

Fairly Walkable

Walkability

50 / 100

Exceptionally Drivable

Drivability

90 / 100

Moderately Bikeable

Bikeability

60 / 100

Schools

Milton Elementary School

Public

Grades PK-8

1,332 Students

Broadmoor Elementary School

Public

Grades PK-5

801 Students

Willow Charter Academy

Public

Grades K-8

654 Students

Ossun Elementary School

Public

Grades PK-5

519 Students

Myrtle Place Elementary School

Public

Grades PK-5

372 Students

David Thibodaux STEM Magnet Academy

Public

Grades 6-12

1,388 Students

Milton Elementary School

Public

Grades PK-8

1,332 Students

Edgar Martin Middle School

Public

Grades 6-8

490 Students

L.J. Alleman Middle School

Public

Grades 6-8

952 Students

Willow Charter Academy

Public

Grades K-8

654 Students

Early College Academy

Public

Grades 9-12

245 Students

Lafayette High School

Public

Grades 9-12

1,852 Students

David Thibodaux STEM Magnet Academy

Public

Grades 6-12

1,388 Students

Acadiana High School

Public

Grades 9-12

1,813 Students

O. Comeaux High School

Public

Grades 9-12

1,098 Students

Points of Interest

Parks and Recreation

  • Children's Museum of Acadiana
  • Lafayette Science Museum & Planetarium
  • Acadiana Park Nature Station
  • Zoo of Acadiana

Airports

  • Lafayette Regional/Paul Fournet Field

Top Apartments in Lafayette

Houses for Rent in Lafayette

Property Management Companies in Lafayette, LA

Living in Lafayette

History

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Lafayette traces its roots to the 1820s, when it was first settled as Vermilionville along the Vermilion River. The city was incorporated in 1836 and later renamed Lafayette in 1884 to honor the Marquis de Lafayette, the French general who aided the American Revolution. That French connection runs deeper than a name—Lafayette sits at the center of Acadiana, a region shaped by the arrival of Acadian exiles from Canada in the eighteenth century, and their influence remains visible in the city's architecture, festivals, and foodways today.

Downtown Lafayette retains pockets of preserved historic buildings that reflect its nineteenth-century commercial past, while neighborhoods like the McComb-Veazey Cultural District showcase classic bungalows and cottages from the early twentieth century. The Freetown-Port Rico area holds particular historical significance as one of the city's oldest African American neighborhoods. Adaptive reuse has given new life to older structures throughout the city, and landmarks like the Acadiana Center for the Arts anchor the cultural district. Festival International de Louisiane each spring draws crowds to celebrate the French and Creole heritage that shaped the region.

Restaurants

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Lafayette sits at the heart of Acadiana, a region whose Cajun and Creole cooking traditions are woven into daily life in a way few American cities can match. Residents eat well here, with access to everything from slow-cooked étouffée and crispy boudin to fresh Gulf seafood po'boys. Johnston Street and the River Ranch area offer a dense mix of casual and sit-down dining, while Downtown Lafayette draws food lovers with its proximity to live music and local gathering spots. The city's culinary range extends beyond its Louisiana roots, with Italian, Mexican, and Vietnamese kitchens rounding out a diverse and satisfying local dining scene.

Transportation

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Lafayette is a car-dependent city where most residents rely on personal vehicles to get around. Interstate 10 cuts through the city east to west, connecting Lafayette to Baton Rouge and Houston, while the Evangeline Thruway (US-90/I-49) runs north-south through the urban core. Ambassador Caffery Parkway and Kaliste Saloom Road serve as key surface corridors for daily commuting. The Lafayette Transit System (LTS) operates local bus routes with the Rosa Parks Transportation Center serving as the main hub, which also connects riders to Amtrak service. Lafayette Regional Airport provides regional air access for travelers. Walkability is limited outside a few areas like Downtown and River Ranch, where sidewalks and short distances make on-foot errands more practical. Biking infrastructure is developing, with Moncus Park and Girard Park offering paved paths, though dedicated on-street bike lanes remain limited citywide.

Parks

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Lafayette's park scene anchors itself around two standout green spaces. Moncus Park, a large community park along the East Bayou corridor, offers walking trails, open lawns, a dog park, and gathering areas that draw residents of all ages. Girard Park, set near the University of Louisiana at Lafayette, provides shaded paths, a duck pond, picnic areas, and open fields that make it a neighborhood staple. The Vermilion River winds through the city, offering a natural backdrop for waterside recreation and trail access. Parc International in Downtown Lafayette serves as a compact urban green used for community events and daily outdoor relaxation throughout the year.

Cost

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Lafayette sits well below the national average for overall cost of living, with housing costs particularly favorable compared to most U.S. cities. Renters will find a range of price points across the city, from more affordable options in established residential corridors to higher-end units in areas like River Ranch and along the Ambassador Caffery corridor. One-bedroom apartments and studio rentals occupy the lower end of the market, while larger two- and three-bedroom units are available at mid-range prices that remain competitive by Louisiana standards. Utilities and healthcare costs also trend below the national average, contributing to a cost profile that makes Lafayette an accessible option for renters at various income levels.

Shopping

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Lafayette's shopping landscape centers on a few well-established destinations that reflect the city's character. The Mall of Acadiana along Johnston Street anchors the city's retail corridor, offering a full range of department stores and national retailers in one concentrated hub. The Johnston Street and Ambassador Caffery corridor extends that experience with big-box stores, strip centers, and everyday shopping that serves most of the city's residential areas. River Ranch brings a different retail atmosphere, with boutiques, salons, and specialty shops lining Camellia Boulevard in a walkable, town-square setting that draws both locals and newcomers. Downtown Lafayette adds neighborhood-scale retail and gallery spaces, especially active during community events held at Parc International throughout the year.

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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 February 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.