The Monroe
339 MONROE St,
Lafayette, LA 70501
$1,075 - $1,487 | 1-2 Beds
The University of Louisiana at Lafayette is where world-class higher education intersects with the vibrant history and culture of South Louisiana. Cajun and Creole heritage are essential components of the local community, and the university is no exception: students are able to earn a master’s degree in Francophone Studies, the ULL Press is the largest publisher of Louisiana-specific material, and the sports teams are known as the Ragin’ Cajuns. Most of the major university buildings are clustered around the northwest side of the campus, with the School of Music and Performing Arts found on the east side near the Alumni Center.
Downtown Lafayette is only a couple of blocks north of campus, making it easy to walk over to catch a show at the Acadiana Center, grab a poboy at Pop’s, or head to NiteTown after hours. Closer to the campus, the cluster of restaurants and bars along Coolidge Street near Girard Park offers casual favorites like Café Lola and Hub City Diner.
The city offers countless options for living arrangements within walking distance of ULL and downtown, with convenient apartments, condos, and rental houses available to fit any budget.
As of April 2025, the average apartment rent in Lafayette, LA is $707 for a studio, $1,001 for one bedroom, $1,160 for two bedrooms, and $1,520 for three bedrooms. Apartment rent in Lafayette has increased by 2.0% in the past year.
Studio
431 sq ft
Average Sq Ft
$707/month
Average Rent
1 BR
705 sq ft
Average Sq Ft
$1,001/month
Average Rent
2 BR
973 sq ft
Average Sq Ft
$1,160/month
Average Rent
3 BR
1,291 sq ft
Average Sq Ft
$1,520/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Public
Grades PK-8
1,332 Students
Public
Grades PK-5
801 Students
Myrtle Place Elementary School
Public
Grades PK-5
372 Students
Public
Grades PK-5
890 Students
Public
Grades PK-5
613 Students
David Thibodaux STEM Magnet Academy
Public
Grades 6-12
1,388 Students
Public
Grades PK-8
1,332 Students
Public
Grades 6-8
952 Students
Public
Grades 6-8
490 Students
Public
Grades 5-8
680 Students
Public
Grades 9-12
245 Students
David Thibodaux STEM Magnet Academy
Public
Grades 6-12
1,388 Students
Public
Grades 9-12
1,852 Students
Public
Grades 9-12
1,098 Students
Public
Grades 9-12
1,813 Students
3,221
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† 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 February 2025.