Apartments for Rent in Lafayette, IN

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What to Know About

Life in Lafayette & Beyond

Lafayette shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Lafayette, IN

As of July 2025, Lafayette's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lafayette's average rent is 2.5% ($32) higher than the Indiana average of $1,263 and 27.0% ($480) lower than the U.S. average of $1,775.

Average Rent
$1,295
Monthly ChangeMonth Over Month Change
Increased1.2% ($15)
Yearly ChangeYear Over Year Change
Decreased4.2% ($57)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,099 Decreased0.1% ($1) Decreased6.5% ($76)
2 Beds $1,461 Increased2.2% ($32) Increased0.9% ($13)
3 Beds $1,708 Increased0.4% ($6) Increased1.5% ($25)
Nearby Cities Average Rent Avg. Rent vs. LafayetteAverage Rent vs. Lafayette Avg. Days on MarketAverage Days on Market
West Lafayette $1,457 Increased12.5% ($162) 49 days
Rossville $755 Decreased41.7% ($540) 30 days
Delphi $930 Decreased28.2% ($365) 32 days
Attica $734 Decreased43.3% ($561) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lafayette Rental Market FAQs

Explore rental prices, market trends, and availability in Lafayette, IN.

The average rent in Lafayette, IN is $1,295 per month.
Apartments in Lafayette typically rent for between $769 and $2,220 per month, with an average of $1,295 per month.
In Lafayette, the average rent for a 1-bedroom apartment is $1,099 per month, for a 2-bedroom apartment, $1,461 per month, and a 3-bedroom apartment is $1,708 per month.
The average rent in Lafayette is 27% ($480) lower than the national average of $1,775 per month.
The average rent in Lafayette has increased by 1.2% ($15) in the last month and decreased by 4.2% ($57) over the past year.
The rental market in Lafayette, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lafayette, IN, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 158 rental properties available in Lafayette, IN.
Based on the current averages, a household would need an annual income of $58,440 to comfortably afford a 2-bedroom apartment in Lafayette.
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