7

Studio Apartments for Rent in Lafayette, LA

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  • /40

    Starting at $810 Per Month

    • Studio - 1 Bed

    2032 NE Evangeline Throughway, Lafayette, LA 70501

    Come live at the newest and best apartment homes in Lafayette!

    Acadian Crossing/Utilities Included

    2032 NE Evangeline Throughway, Lafayette, LA 70501
  • /18

    $1,882 Per Month

    • Studio
    • 1 Bath
    • 1,134 Sq Ft
    • Condo for Rent

    209 Highland Park Ln Unit 101, Lafayette, LA 70508

    Ground-floor commercial/office suite for lease in Tetracube Lofts, a three-story mixed-use building at 209 Highland Oaks Lane, Unit 101 in Lafayette, Louisiana. This 1,094-square-foot open-concept space features polished concrete floors, a floor-to-ceiling glass storefront, exposed ductwork with industrial track lighting, interior brick accent columns, and a contemporary design that brings an

    209 Highland Park Ln Unit 101, Lafayette, LA 70508

Why Live in Lafayette

Lafayette's rich Cajun and Creole heritage comes alive through its vibrant cultural attractions and culinary scene. Residents can explore living history at Vermilionville, a folklife park showcasing authentic 18th and 19th-century Acadian culture along the Bayou Vermilion. The downtown area buzzes with activity at venues like the Acadiana Center for the Arts and Sans Souci Fine Crafts Gallery. Food lovers flock to renowned restaurants like Prejean's for award-winning gumbo and live Zydeco music, or The French Press for creative Southern brunch. Outdoor recreation spans from alligator spotting at Lake Martin to Saturday farmers markets at the 100-acre Moncus Park.

The housing market provides options across price points. The median sale price for homes in Lafayette is $242,000. Single-family homes in River Ranch command a median price of $711,000, while similar homes in the Saints Streets neighborhood have a median price of $243,000. Townhomes throughout the city have a median price of $174,000. One-bedroom condos have a median price of $87,000, while two-bedroom condos have a median price of $127,500.

Lafayette's cost of living sits 12.7% below the national average. A family with school-age children needs approximately $92,000 annually to live comfortably, while renters require about $49,000. The combined sales tax rate is 10.12%. Top-rated schools include Early College Academy and Ascension Episcopal School. The University of Louisiana at Lafayette adds to the educational landscape. The humid subtropical climate features mild winters with temperatures from the mid-40s to mid-60s Fahrenheit and warm summers ranging from the mid-70s to mid-90s Fahrenheit.

Frequently Asked Questions

How much does it cost to rent a home in Lafayette, LA?
The median rent for a home in Lafayette, LA is $1,640 per month, though prices vary by neighborhood, size, and property type. As of July 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, LA?
To comfortably afford the median rent in Lafayette, LA, a household needs to earn roughly $65,600 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 $1,640 per month in Lafayette, LA, renters typically need to show $4,920 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, LA?
In Lafayette, LA, the price-to-rent ratio is 12.8, 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.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,640
Median Single Family Home Rent
$1,700
Median Townhouse Rent
$1,225
Median Condo Rent
$1,075
How to Rent a Home