The Waters at Settlers Trace
536 Settlers Trace Blvd,
Lafayette, LA 70508
$1,324 - $1,906
1-3 Beds
Rental Market Trends in Lafayette, LA
What is the average rent in Lafayette, LA?
$1,020/month
Average Rent
706 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of September 2025, the average rent in Lafayette, LA is $1,020 per month. This is 38% lower than the national average rent of $1,639/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 $724 per month for a studio, $1,020 for a one-bedroom apartment, and around $1,212 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,556 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lafayette, LA?
In the past year, rent has increased by 2%, which averages out to $20 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 September 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lafayette?
Based on current rent prices, Idlewood Park, Minglewood Park and South College Road are the most affordable neighborhoods in Lafayette.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lafayette?
Based on current rent prices, Fernwood, Broadmoor South and The Garden District are the most expensive neighborhoods in Lafayette.
Neighborhood
Average Rent
Average Sq Ft
Which Lafayette neighborhoods have the most rentals available?
The neighborhoods in Lafayette with the most apartments available are Downtown Lafayette, Fernwood and Broadmoor South .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lafayette, LA?
Because the average rent in Lafayette is $1,020, you’ll want to make about $3,400 per month or $40,800 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 12.7% lower than the national average. Generally, housing in Lafayette is 36.1% less expensive than the national average, with rent falling between $724 - $1,556. You can expect to pay 2.8% less for groceries, 14.4% less for utilities, and 1.4% less for transportation.
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.
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Apartment communities in Lafayette we think you'll love
Property Management Companies in Lafayette, LA
Vintage Realty Company
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20
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3,732
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10
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Pegasus Residential
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41,632
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Cagan
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Morgan Properties
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316
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The Medve Group, Inc.
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22
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4,440
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12
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Kushner Companies
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61
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-
21,142
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-
45
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3 Communities in Lafayette
Greystar
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3,332
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-
928,273
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856
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2 Communities in Lafayette
Haley Communities
-
41
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-
8,720
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34
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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 September 2025.
* Percentages may not total 100 due to rounding.