Parkway Villas
101 Barnes Ln,
Broussard, LA 70518
2 Beds | $1,475 - $1,649
Rental Market Trends in Lafayette, LA
What is the average rent in Lafayette, LA?
$984/month
Average Rent
706 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of February 2025, the average rent in Lafayette, LA is $984 per month. This is 37% lower than the national average rent of $1,557/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 $719 per month for a studio, $984 for a one-bedroom apartment, and around $1,135 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,449 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, LA?
In the past year, rent has increased by 2%, which averages out to $20 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 February 2025
Legend
2024
2025
Rent Ranges in Lafayette, LA
Last Updated February 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
49%
$700 - $1,000/month
40%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lafayette?
Based on current rent prices, Lafayette 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" 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 Downtown Lafayette and Lafayette" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lafayette, LA?
Because the average rent in Lafayette is $984, you’ll want to make about $3,280 per month or $39,360 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.
Cost of Living
The cost of living in Lafayette, LA is 13.1% lower than the national average. Generally, housing in Lafayette is 35.3% less expensive than the national average, with rent falling between $719 - $1,449. You can expect to pay 3.9% less for groceries, 13.7% less for utilities, and 4.6% less for transportation.
How does Lafayette, LA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lafayette, LA 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
-
$958/month
One Bedroom
$584/month
$1,312/month
Two Bedroom
$855/month
$1,501/month
Three Bedroom
$732/month
-
Nearby City Rent Trends
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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.