Concord Crossing
2520 Lila Way,
Lafayette, IN 47909
2-3 Beds | $1,599 - $1,850
Rental Market Trends in Lafayette, IN
What is the average rent in Lafayette, IN?
$1,037/month
Average Rent
705 Sq Ft
Average Apartment Size
+6.2%
Increase in the Last Year
As of December 2024, the average rent in Lafayette, IN is $1,037 per month. This is 34% lower than the national average rent of $1,560/month, making renting in Lafayette more affordable than most cities in the US. When you rent an apartment in Lafayette, you can expect to pay about $946 per month for a studio, $1,037 for a one-bedroom apartment, and around $1,213 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,407 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 Lafayette, IN?
In the past year, rent has increased by 6.2%, which averages out to $65 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Lafayette, IN
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
29%
$700 - $1,000/month
49%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lafayette?
Based on current rent prices, Lafayette/Kokomo and Downtown Lafayette" are the most affordable neighborhoods in Lafayette.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lafayette?
Based on current rent prices, Downtown Lafayette and Lafayette/Kokomo" are the most expensive neighborhoods in Lafayette.
Neighborhood
Average Rent
Average Sq Ft
Which Lafayette neighborhoods have the most rentals available?
The neighborhoods in Lafayette with the most apartments available are Lafayette/Kokomo and Downtown Lafayette" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lafayette, IN?
Because the average rent in Lafayette is $1,037, you’ll want to make about $3,456 per month or $41,472 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 Lafayette, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare 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
$924/month
$1,088/month
One Bedroom
$984/month
$1,576/month
Two Bedroom
$1,213/month
$1,626/month
Three Bedroom
$1,441/month
$1,417/month
Nearby City Rent Trends
Apartment communities in Lafayette we think you'll love
Property Management Companies in Lafayette, IN
BK Management of Greater Lafayette
-
13
Communities
-
583
Units
-
5
Cities
8 Communities in Lafayette
Cardinal Group Management and Advisory, LLC
-
166
Communities
-
36,646
Units
-
88
Cities
3 Communities in Lafayette
IGC Residential Property Management
-
27
Communities
-
3,569
Units
-
18
Cities
2 Communities in Lafayette
JG2 Company LLC
-
22
Communities
-
2,885
Units
-
14
Cities
2 Communities in Lafayette
Granite Student Living
-
32
Communities
-
2,012
Units
-
11
Cities
2 Communities in Lafayette
Regency Properties
-
12
Communities
-
3,949
Units
-
5
Cities
2 Communities in Lafayette
Redwood Living
-
123
Communities
-
16,131
Units
-
102
Cities
1 Community in Lafayette
Edward Rose & Sons
-
140
Communities
-
70,877
Units
-
86
Cities
1 Community in 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
† 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.
* Percentages may not total 100 due to rounding.