Concord Crossing
2520 Barnabas Ln,
Lafayette, IN 47909
1-3 Beds | $950 - $1,850
$1,010/month
Average Rent
705 Sq Ft
Average Apartment Size
+4.1%
Increase in the Last Year
As of March 2025, the average rent in Lafayette, IN is $1,010 per month. This is 35% lower than the national average rent of $1,559/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 $955 per month for a studio, $1,010 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 $1,429 or more.
In the past year, rent has increased by 4.1%, which averages out to $42 more per month.
Based on current rent prices, Lafayette/Kokomo and Downtown Lafayette" are the most affordable neighborhoods in Lafayette.
Based on current rent prices, Downtown Lafayette and Lafayette/Kokomo" are the most expensive neighborhoods in Lafayette.
The neighborhoods in Lafayette with the most apartments available are Lafayette/Kokomo and Downtown Lafayette" .
Because the average rent in Lafayette is $1,010, you’ll want to make about $3,366 per month or $40,392 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.
The cost of living in Lafayette, IN is 5.0% lower than the national average. Generally, housing in Lafayette is 14.1% less expensive than the national average, with rent falling between $955 - $1,429. You can expect to pay 3.2% less for groceries, 0.9% less for utilities, and 1.8% less for transportation.
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.
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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.
* Percentages may not total 100 due to rounding.