The Waters at Settlers Trace
536 Settlers Trace Blvd,
Lafayette, LA 70508
1-3 Beds | $1,336 - $1,990
Rental Market Trends in Lafayette, LA
Updated July 2026
The average rent in Lafayette, LA is $986/month.
Rent in Lafayette is 41% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$986/month
Average Rent
703 Sq Ft
Average Size
-1.9%
Change / Year
1,985
Available Apartments
Lafayette rent varies by unit size and layout:
- Studio apartments in Lafayette average $746 per month.
- One-bedroom apartments in Lafayette average $986 per month.
- Two-bedroom apartments in Lafayette average $1,181 per month.
- Three-bedroom apartments in Lafayette average $1,600 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lafayette, LA?
In the past year, rent has decreased by 1.9%, which averages out to $18 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lafayette, LA
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
43%
$700 - $1,000/month
45%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Lafayette?
Based on current rent prices, Downtown Lafayette is the most affordable neighborhood in Lafayette.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lafayette?
Based on current rent prices, Downtown Lafayette is the most expensive neighborhood in Lafayette.
Neighborhood
Average Rent
Average Sq Ft
Which Lafayette neighborhoods have the most rentals available?
The neighborhood in Lafayette with the most apartments available is Downtown Lafayette .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lafayette, LA?
Because the average rent in Lafayette is $986, you’ll want to make about $3,286 per month or $39,432 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 13.3% lower than the national average. Generally, housing in Lafayette is 37.5% less expensive than the national average, with rent falling between $746 - $1,600. You can expect to pay 2.7% less for groceries, 9.5% less for utilities, and 1.0% 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.
View the Lafayette Area GuideStudio
$956/month
$956/month
One Bedroom
$1,336/month
$1,336/month
Two Bedroom
$1,470/month
$1,470/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Lafayette We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lafayette?
The average rent in Lafayette is $986 per month, which is 40.7% lower than the national average of $1,662.
What is the average rent for a house in Lafayette?
The average rent for a house in Lafayette, LA is $1,816 per month.
What is the average rent for a townhome in Lafayette?
The average rent for a townhome in Lafayette, LA is $1,416 per month.
What is the average rent for a condo in Lafayette?
The average rent for a condo in Lafayette, LA is $878 per month.
Are rents going up or down in Lafayette?
Rents in Lafayette, LA are decreasing, with prices down 1.9% year-over-year and $18 less per month.
What rent range is most common in Lafayette?
In Lafayette, LA, 45% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.