Rentometer, Inc. | Data as of 10/23/2025
Lafayette’s vibrant rental market blends historic charm with modern convenience, making it a sought‑after destination for renters across Louisiana. From the bustling downtown corridor lined with boutique shops and lively dining to the serene neighborhoods near the Vermilion River, the city offers a diverse array of living environments. Students and professionals alike are drawn to the proximity of the University of Louisiana at Lafayette, while families appreciate easy access to parks such as Girard Park and cultural venues like the Acadiana Center for the Arts.
Apartment options in Lafayette cater to a wide range of needs. Studio units typically fall in the $800 range, while one‑bedroom apartments are comfortably situated in the $1,100 – $1,200 bracket. Those seeking extra space often choose two‑bedroom units around the $1,200 – $1,300 level, and three‑bedroom apartments commonly sit in the $1,500s. Larger four‑plus bedroom apartments are also available, providing flexible layouts for shared living. For renters preferring a house, one‑bedroom homes generally rent for about $950, two‑bedroom homes around $1,250, and three‑bedroom homes often hover in the $1,700 range. Larger family homes with four or more bedrooms can be found in the $2,300 – $2,400 spectrum.
The city’s rental landscape is further enriched by well‑maintained communities such as River Ranch, Oakwood, and the historic districts near St. Mary’s Street. With a mix of affordable studios, mid‑range family homes, and upscale properties, Lafayette delivers a welcoming environment for renters seeking both convenience and a taste of Louisiana’s unique culture.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $771 | $715 | $525 - $1,149 | $695 - $774 |
| Apartment | 1 Bedroom | $1,098 | $1,110 | $475 - $2,850 | $848 - $1,275 |
| Apartment | 2 Bedroom | $1,248 | $1,211 | $535 - $3,650 | $995 - $1,485 |
| Apartment | 3 Bedroom | $1,522 | $1,629 | $610 - $2,068 | $1,345 - $1,765 |
| House | 1 Bedroom | $920 | $857 | $575 - $1,275 | $750 - $1,200 |
| House | 2 Bedroom | $1,215 | $1,250 | $525 - $2,200 | $900 - $1,450 |
| House | 3 Bedroom | $1,707 | $1,650 | $750 - $4,000 | $1,400 - $1,950 |
| House | 4+ Bedroom | $2,324 | $2,000 | $1,150 - $7,000 | $1,850 - $2,500 |
In the current period, the average rent in Lafayette was $772 for Studio, $1,081 for 1 Bedroom, $1,233 for 2 Bedroom, $1,686 for 3 Bedroom, and $2,179 for 4+ Bedroom.
Data provided by Rentometer, Inc.