Lafayette City, IN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lafayette City is $1,175, a 2.41% increase compared to the previous year, when the average rent was $1,147.
Studio Apartments at $865 offer the most budget-friendly option with 437 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 694 square feet for $1,044, balancing privacy and affordability.
Two-beedroom units at $1,276 offer 982 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,256 sq ft) for $1,497, suitable for larger households.
Average rent in Lafayette City, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,175 | 855 sq. ft. |
| Studio | $865 | 437 sq. ft. |
| 1 Bed | $1,044 | 694 sq. ft. |
| 2 Beds | $1,276 | 982 sq. ft. |
| 3 Beds | $1,497 | 1,256 sq. ft. |
Lafayette City, IN rent trends
Rental prices in Lafayette City, IN have increased by 2.41% over the past year. The average rent moved from $1,147 to $1,175.
What's the typical rent budget in Lafayette City, IN?
The largest share of rentals in Lafayette City, IN (53%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lafayette City, IN?
16,797 or 52% of the households in Lafayette City, IN are renter-occupied while 15,246 or 48% are owner-occupied.
How Lafayette City Compares to Other Cities
| City | Average Rent |
|---|---|
| Lafayette City | $1,175 |
| Indianapolis | $1,253 |
| Evansville | $1,016 |
| Fort Wayne | $1,143 |
| Bloomington | $1,579 |
| New Albany | $1,106 |
| Hammond | $1,235 |
| Lafayette | $1,174 |
| South Bend | $1,310 |
| Jeffersonville | $1,231 |
| Greenwood | $1,358 |
| Kokomo | $1,015 |
| West Lafayette, IN | $1,882 |
| Lebanon, IN | $1,314 |
| Whitestown, IN | $1,698 |
| Zionsville, IN | $1,686 |
| Crawfordsville, IN | $1,010 |
| Frankfort, IN | $890 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lafayette City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.