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Rental Market Trends in Lafayette, LA

What is the average rent in Lafayette, LA?

$1,005/month

Average Rent

707 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

As of December 2025, the average rent in Lafayette, LA is $1,005 per month. This is 38% lower than the national average rent of $1,631/month, making renting in Lafayette more affordable than most cities in the US. When you rent an apartment in Lafayette, you can expect to pay about $702 per month for a studio, $1,005 for a one-bedroom apartment, and around $1,169 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,597 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$702/month
431 Sq Ft
One Bedroom
$1,005/month
707 Sq Ft
Two Bedroom
$1,169/month
973 Sq Ft
Three Bedroom
$1,597/month
1,307 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$995/month
499 Sq Ft
Two Bedroom
$1,126/month
821 Sq Ft
Three Bedroom
$1,745/month
1,492 Sq Ft
Four Bedroom
$2,199/month
1,980 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$782/month
486 Sq Ft
Two Bedroom
$1,415/month
1,234 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,510/month
1,144 Sq Ft
Three Bedroom
$1,647/month
1,348 Sq Ft

How much has average rent changed in Lafayette, LA?

In the past year, rent has increased by 2.3%, which averages out to $24 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Lafayette?

Based on current rent prices, Idlewood Park, Montgomery Park and Ambassador Gardens are the most affordable neighborhoods in Lafayette.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Idlewood Park
$764/month
600 Sq Ft
Montgomery Park
$848/month
750 Sq Ft
Ambassador Gardens
$858/month
705 Sq Ft
Huntington Park
$984/month
713 Sq Ft
Kings Haven
$1,062/month
696 Sq Ft
Broadmoor South
$1,068/month
645 Sq Ft
Harbor Lights
$1,104/month
738 Sq Ft
Palms
$1,235/month
758 Sq Ft
Grand Pointe
$1,281/month
962 Sq Ft
Downtown Lafayette
$1,321/month
756 Sq Ft

What are the most expensive neighborhoods in Lafayette?

Based on current rent prices, The Garden District, Chateau Mirage and Downtown Lafayette are the most expensive neighborhoods in Lafayette.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Garden District
$1,460/month
781 Sq Ft
Chateau Mirage
$1,331/month
774 Sq Ft
Downtown Lafayette
$1,321/month
756 Sq Ft
Grand Pointe
$1,281/month
962 Sq Ft
Palms
$1,235/month
758 Sq Ft
Harbor Lights
$1,104/month
738 Sq Ft
Broadmoor South
$1,068/month
645 Sq Ft
Kings Haven
$1,062/month
696 Sq Ft
Huntington Park
$984/month
713 Sq Ft
Ambassador Gardens
$858/month
705 Sq Ft

Which Lafayette neighborhoods have the most rentals available?

The neighborhoods in Lafayette with the most apartments available are Downtown Lafayette, Idlewood Park and Palms .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Lafayette
$1,321/month
756 Sq Ft
Idlewood Park
$764/month
600 Sq Ft
Palms
$1,235/month
758 Sq Ft
Kings Haven
$1,062/month
696 Sq Ft
Broadmoor South
$1,068/month
645 Sq Ft
Montgomery Park
$848/month
750 Sq Ft
Grand Pointe
$1,281/month
962 Sq Ft
Huntington Park
$984/month
713 Sq Ft
Chateau Mirage
$1,331/month
774 Sq Ft
Harbor Lights
$1,104/month
738 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Lafayette, LA?

Because the average rent in Lafayette is $1,005, you’ll want to make about $3,350 per month or $40,200 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Lafayette, LA is 12.2% lower than the national average. Generally, housing in Lafayette is 36.2% less expensive than the national average, with rent falling between $702 - $1,597. You can expect to pay 3.0% less for groceries, 13.1% less for utilities, and 0.3% less for transportation.

City

Lafayette, LA

2,506 Available Apartments for Rent

Search for Nearby Apartments

How does Lafayette, LA compare to other nearby cities and neighborhoods?

Use the tool below to compare Lafayette, LA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Lafayette, LA

Apartment Averages

Idlewood Park

Lafayette, LA

The Garden District

Lafayette, LA

Studio
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-
One Bedroom
-
-
Two Bedroom
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-
Three Bedroom
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Search
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Nearby City Rent Trends

  • Broussard Average Rent
  • Youngsville Average Rent

Apartment communities in Lafayette we think you'll love

Trinity Villas

Trinity Villas

1300 East Broussard Road,
Lafayette, LA 70508

$1,545 - $1,605

2 Beds

The Waters at Settlers Trace

The Waters at Settlers Trace

536 Settlers Trace Blvd,
Lafayette, LA 70508

$1,207 - $1,624

1-3 Beds

Silo Creek Apartments

Silo Creek Apartments

110 Frem Boustany Dr,
Lafayette, LA 70508

$1,095 - $2,165

1-3 Beds

Sweetwater Point Cottages

Sweetwater Point Cottages

4400 Chemin Metairie Pky,
Youngsville, LA 70592

$1,600 - $3,193

2-3 Beds

Property Management Companies in Lafayette, LA

Vintage Realty Company
Vintage Realty Company
  • 20

    Communities

  • 3,732

    Units

  • 10

    Cities

7 Communities in Lafayette
Pegasus Residential
Pegasus Residential
  • 189

    Communities

  • 45,975

    Units

  • 106

    Cities

5 Communities in Lafayette
Cagan
Cagan
  • 27

    Communities

  • 5,626

    Units

  • 11

    Cities

5 Communities in Lafayette
Morgan Properties
Morgan Properties
  • 389

    Communities

  • 106,118

    Units

  • 239

    Cities

4 Communities in Lafayette
The Medve Group, Inc.
The Medve Group, Inc.
  • 23

    Communities

  • 4,561

    Units

  • 12

    Cities

4 Communities in Lafayette
Kushner Companies
Kushner Companies
  • 62

    Communities

  • 21,485

    Units

  • 45

    Cities

3 Communities in Lafayette
Greystar
Greystar
  • 3,449

    Communities

  • 951,122

    Units

  • 875

    Cities

2 Communities in Lafayette
Advanced Precision Group LLC
Advanced Precision Group LLC
  • 67

    Communities

  • 9,502

    Units

  • 55

    Cities

2 Communities in Lafayette

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United States Louisiana Lafayette Rental Trends

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 November 2025.

* Percentages may not total 100 due to rounding.

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