Homes & Apartments for Rent in Lafayette, LA 70508

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What to Know About

Living in 70508

Lafayette is known for its fusion of Cajun and Creole culture, incredible food, and vibrant live music. Whether you're a local or a tourist, there are many things to see and do. Immerse yourself in the unique history and culture of the region by exploring the Acadian Cultural Center, Vermilionville Living History Museum & Folklife Park, Acadiana Center for the Arts, and Heymann Performing Arts Center. For those seeking higher education, the city is home to two outstanding institutions, the University of Louisiana at Lafayette and South Louisiana Community College.

Nature lovers can experience the great outdoors by fishing, hiking, and birdwatching in nearby natural areas, such as Acadiana Park Nature Station, Lake Martin, and Chicot State Park. Food lovers will delight in the city's diverse dining scene, featuring everything from mouth-watering Louisiana seafood to international cuisine. And for those seeking entertainment, Lafayette's annual events, such as the Festival International de Louisiane, the Acadiana Po-Boy Festival, and the Boudin Cookoff, offer various unique experiences.

Why is Lafayette such a great place to live? With its dynamic energy, superior quality of life, rich culture, and endless opportunities, you'll always have exciting things to do and explore.

Rental Market Trends

Lafayette, LA

As of October 2026, Lafayette's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lafayette's average rent is 15.8% ($204) lower than the Louisiana average of $1,295 and 40.0% ($728) lower than the U.S. average of $1,819.

Average Rent
$1,091
Monthly ChangeMonth Over Month Change
Increased3.8% ($40)
Yearly ChangeYear Over Year Change
Increased6.6% ($68)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $857 Increased1.5% ($13) Decreased1.2% ($10)
2 Beds $996 Increased1.6% ($16) Decreased1.1% ($11)
3 Beds $1,140 Increased1.6% ($18) Decreased1.1% ($13)
Nearby Cities Average Rent Avg. Rent vs. LafayetteAverage Rent vs. Lafayette Avg. Days on MarketAverage Days on Market
Scott $1,538 Increased41% ($447) 38 days
Broussard $1,289 Increased18.1% ($198) 36 days
Duson $639 Decreased41.4% ($452) 37 days
Youngsville $1,779 Increased63.1% ($688) 37 days
Sunset $841 Decreased22.9% ($250) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lafayette Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lafayette, LA.

The average rent in Lafayette, LA is $1,091 per month.
In Lafayette, the average rent for a 1-bedroom home is $857 per month, for a 2-bedroom home, $996 per month, and a 3-bedroom home is $1,140 per month.
The average rent in Lafayette is 40% ($728) lower than the national average of $1,819 per month.
The rental market in Lafayette, LA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $39,840 to comfortably afford a 2-bedroom home in Lafayette.
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