Apartments & Condos for Rent in Lafayette, LA

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What to Know About

Living in Lafayette, LA

Lafayette is known for its fusion of Cajun and Creole culture, incredible food, and vibrant live music. Whether you're a local or a tourist, there are many things to see and do. Immerse yourself in the unique history and culture of the region by exploring the Acadian Cultural Center, Vermilionville Living History Museum & Folklife Park, Acadiana Center for the Arts, and Heymann Performing Arts Center. For those seeking higher education, the city is home to two outstanding institutions, the University of Louisiana at Lafayette and South Louisiana Community College.

Nature lovers can experience the great outdoors by fishing, hiking, and birdwatching in nearby natural areas, such as Acadiana Park Nature Station, Lake Martin, and Chicot State Park. Food lovers will delight in the city's diverse dining scene, featuring everything from mouth-watering Louisiana seafood to international cuisine. And for those seeking entertainment, Lafayette's annual events, such as the Festival International de Louisiane, the Acadiana Po-Boy Festival, and the Boudin Cookoff, offer various unique experiences.

Why is Lafayette such a great place to live? With its dynamic energy, superior quality of life, rich culture, and endless opportunities, you'll always have exciting things to do and explore.

Rental Market Trends

Lafayette, LA

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 16.9% ($197) lower than the Louisiana average of $1,164 and 46.2% ($832) lower than the U.S. average of $1,799.

Average Rent
$967
Monthly ChangeMonth Over Month Change
Increased5.9% ($54)
Yearly ChangeYear Over Year Change
Decreased7.6% ($80)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $808 Increased2.4% ($19) Decreased10.7% ($97)
2 Beds $919 Increased0.2% ($2) Decreased10.5% ($108)
3 Beds $1,119 Increased4% ($43) Decreased18.5% ($254)
Nearby Cities Average Rent Avg. Rent vs. LafayetteAverage Rent vs. Lafayette Avg. Days on MarketAverage Days on Market
Scott $741 Decreased23.4% ($226) 35 days
Broussard $845 Decreased12.6% ($122) 40 days
Duson $1,073 Increased11% ($106) 34 days
Youngsville $1,785 Increased84.6% ($818) 34 days
New Iberia $964 Decreased0.3% ($3) 34 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, LA.

The average rent in Lafayette, LA is $967 per month.
Apartments in Lafayette typically rent for between $600 and $1,455 per month, with an average of $967 per month.
In Lafayette, the average rent for a 1-bedroom apartment is $808 per month, for a 2-bedroom apartment, $919 per month, and a 3-bedroom apartment is $1,119 per month.
The average rent in Lafayette is 46.2% ($832) lower than the national average of $1,799 per month.
The average rent in Lafayette has increased by 5.9% ($54) in the last month and decreased by 7.6% ($80) over the past year.
The rental market in Lafayette, LA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lafayette, LA, the average rental stays on the market for approximately 35 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 151 rental properties available in Lafayette, LA.
Based on the current averages, a household would need an annual income of $36,760 to comfortably afford a 2-bedroom apartment in Lafayette.
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