Wabash Lofts
3680 Paramount Dr,
West Lafayette, IN 47906
$649 - $1,240
Studio - 2 Beds
Rental Market Trends in West Lafayette, IN
What is the average rent in West Lafayette, IN?
$1,365/month
Average Rent
659 Sq Ft
Average Apartment Size
-1.2%
Decrease in the Last Year
As of August 2025, the average rent in West Lafayette, IN is $1,365 per month. This is 17% lower than the national average rent of $1,640/month, making renting in West Lafayette more affordable than most cities in the US. When you rent an apartment in West Lafayette, you can expect to pay about $1,483 per month for a studio, $1,365 for a one-bedroom apartment, and around $1,480 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,976 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 West Lafayette, IN?
In the past year, rent has decreased by 1.2%, which averages out to $15 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated August 2025
Legend
2024
2025
Rent Ranges in West Lafayette, IN
Last Updated August 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
10%
Below $700/month
27%
$700 - $1,000/month
35%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
16%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in West Lafayette?
Based on current rent prices, North Wabash Riverfront, The Ivy and Blackbird Farms are the most affordable neighborhoods in West Lafayette.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in West Lafayette?
Based on current rent prices, Chauncey Village, Wabash Riverfront and Downtown West Lafayette are the most expensive neighborhoods in West Lafayette.
Neighborhood
Average Rent
Average Sq Ft
Which West Lafayette neighborhoods have the most rentals available?
The neighborhoods in West Lafayette with the most apartments available are Downtown West Lafayette, Chauncey Village and Wabash Riverfront .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in West Lafayette, IN?
Because the average rent in West Lafayette is $1,365, you’ll want to make about $4,550 per month or $54,600 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.
How does West Lafayette, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare West Lafayette, IN 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.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in West Lafayette we think you'll love
Property Management Companies in West Lafayette, IN
Cardinal Group Management and Advisory, LLC
-
163
Communities
-
33,350
Units
-
86
Cities
3 Communities in West Lafayette
Birge & Held
-
100
Communities
-
21,461
Units
-
49
Cities
3 Communities in West Lafayette
Core Spaces
-
46
Communities
-
11,668
Units
-
31
Cities
2 Communities in West Lafayette
Horizon Realty Advisors
-
44
Communities
-
10,395
Units
-
29
Cities
2 Communities in West Lafayette
J+G Companies
-
29
Communities
-
3,243
Units
-
17
Cities
2 Communities in West Lafayette
BH
-
344
Communities
-
96,866
Units
-
198
Cities
1 Community in West Lafayette
Coastal Ridge Real Estate
-
105
Communities
-
24,251
Units
-
57
Cities
1 Community in West Lafayette
PeakMade Real Estate
-
57
Communities
-
11,706
Units
-
46
Cities
1 Community in West Lafayette
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 2025.
* Percentages may not total 100 due to rounding.