Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in 70596
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 June 2026, Lafayette's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lafayette's average rent is 25.7% ($341) lower than the Louisiana average of $1,326 and 45.2% ($812) lower than the U.S. average of $1,797.
Average Rent
$985
Monthly ChangeMonth Over Month Change
0.7% ($7)
Yearly ChangeYear Over Year Change
2.8% ($28)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $833 | 10.1% ($94) | 3.4% ($29) |
| 2 Beds | $967 | 10.1% ($109) | 0.7% ($7) |
| 3 Beds | $1,107 | 10.1% ($125) | 28.3% ($437) |
| Nearby Cities | Average Rent | Avg. Rent vs. LafayetteAverage Rent vs. Lafayette | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Scott | $1,088 | 10.5% ($103) | 35 days |
| Broussard | $1,031 | 4.7% ($46) | 40 days |
| Duson | $695 | 29.4% ($290) | 34 days |
| Youngsville | $1,647 | 67.2% ($662) | 34 days |
| Sunset | $842 | 14.5% ($143) | 39 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, LA.
The average rent in Lafayette, LA is $985 per month.
Homes in Lafayette typically rent for between $600 and $1,439 per month, with an average of $985 per month.
In Lafayette, the average rent for a 1-bedroom home is $833 per month, for a 2-bedroom home, $967 per month, and a 3-bedroom home is $1,107 per month.
The average rent in Lafayette is 45.2% ($812) lower than the national average of $1,797 per month.
The average rent in Lafayette has decreased by 0.7% ($7) in the last month and decreased by 2.8% ($28) over the past year.
The rental market in Lafayette, LA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lafayette, LA, the average rental stays on the market for approximately 35 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 91 rental properties available in Lafayette, LA.
Based on the current averages, a household would need an annual income of $38,680 to comfortably afford a 2-bedroom home in Lafayette.
