Houses & Townhomes for Rent in Lafayette, IN

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What to Know About

Life in Lafayette & Beyond

Lafayette shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Lafayette, IN

As of April 2025, Lafayette's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lafayette's average rent is 2.0% ($26) lower than the Indiana average of $1,305 and 28.9% ($520) lower than the U.S. average of $1,799.

Average Rent
$1,279
Monthly ChangeMonth Over Month Change
Decreased0.5% ($7)
Yearly ChangeYear Over Year Change
Increased5.2% ($63)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,099 Increased0.2% ($2) Increased3.8% ($40)
2 Beds $1,452 Increased1.5% ($22) Increased5.4% ($75)
3 Beds $1,613 Decreased2.4% ($40) Increased4.5% ($69)
Nearby Cities Average Rent Avg. Rent vs. LafayetteAverage Rent vs. Lafayette Avg. Days on MarketAverage Days on Market
West Lafayette $1,529 Increased19.5% ($250) 49 days
Delphi $1,081 Decreased15.5% ($198) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lafayette Rental Market FAQs

Explore rental prices, market trends, and availability in Lafayette, IN.

The average rent in Lafayette, IN is $1,279 per month.
Houses in Lafayette typically rent for between $769 and $2,097 per month, with an average of $1,279 per month.
In Lafayette, the average rent for a 1-bedroom house is $1,099 per month, for a 2-bedroom house, $1,452 per month, and a 3-bedroom house is $1,613 per month.
The average rent in Lafayette is 28.9% ($520) lower than the national average of $1,799 per month.
The average rent in Lafayette has decreased by 0.5% ($7) in the last month and increased by 5.2% ($63) over the past year.
The rental market in Lafayette, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lafayette, IN, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 177 rental properties available in Lafayette, IN.
Based on the current averages, a household would need an annual income of $58,080 to comfortably afford a 2-bedroom house in Lafayette.
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