$1,195 Per Month
- 2 Beds
- 1 Bath
- 635-639 Oregon Street
635-639 Oregon St Unit 637, Lafayette, IN 47901
635-639 Oregon Street
Frequently Asked Questions
How much does it cost to rent a condo in Lafayette, IN?
The median rent for a condo in Lafayette, IN is $999 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lafayette, IN?
To comfortably afford the median rent in Lafayette, IN, a household needs to earn roughly $46,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,150 per month in Lafayette, IN, renters typically need to show $3,450 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lafayette, IN?
In Lafayette, IN, the price-to-rent ratio is 15.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lafayette, IN are best for renting a condo?
The best neighborhood for renting in Lafayette, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Columbian Park, Valley Center, Perrin, Miller and Ellsworth Romig, each with its own character and price range.
