What is the average apartment size in Lafayette?

The average size for a Lafayette, IN apartment is 861 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Lafayette?

As of Jun / 2026, the average rent in Lafayette is $1,195 per month, a 2.97% increase from last years average of $1,160.

How much does rent cost by apartment size in Lafayette?

In Lafayette, studios rent for $984 per month, one-bedroom units average $1,055 per month, two-bedrooms cost around $1,293 per month, and three-bedroom apartments rent for about $1,553 per month

What is the average apartment size in Lafayette?

The typical apartment in Lafayette offers about 861 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Lafayette?

Studio apartments in Lafayette average 449 sq. ft., one-bedrooms offer 692 sq. ft., two-bedrooms are about 996 sq. ft., and three-bedroom apartments average 1,241 sq. ft.

Lafayette, IN Rental Market Trends

Q: What's the typical rent budget in Lafayette?

The typical rent budget in Lafayette ranges from $1,001 to $1,500 per month, with 58% of rentals in this range.

Q: Do most people rent or own in Lafayette?

In Lafayette, 53% of households rent while 47% own their homes, based on the latest U.S. Census data.

Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lafayette is $1,195, a 2.97% increase compared to the previous year, when the average rent was $1,160.

Studio Apartments at $984 offer the most budget-friendly option with 449 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 692 square feet for $1,055, balancing privacy and affordability.

Two-bedroom units at $1,293 offer 996 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,241 sq ft) for $1,553, suitable for larger households.

Average rent in Lafayette, IN

Last updated: August 01, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,195	861 sq. ft.
Studio	$984	449 sq. ft.
1 Bed	$1,055	692 sq. ft.
2 Beds	$1,293	996 sq. ft.
3 Beds	$1,553	1,241 sq. ft.

Lafayette, IN rent trends

Rental prices in Lafayette, IN have increased by 2.97% over the past year. The average rent moved from $1,160 to $1,195.

What's the typical rent budget in Lafayette, IN?

The largest share of rentals in Lafayette, IN (58%) 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, IN?

17,191 or 53% of the households in Lafayette, IN are renter-occupied while 15,051 or 47% are owner-occupied.

How Lafayette Compares to Other Cities

City	Average Rent
Lafayette	$1,195
Indianapolis	$1,266
New Albany	$1,108
South Bend	$1,433
Bloomington	$1,703
Evansville	$1,030
Gary	$1,011
Fort Wayne	$1,198
Jeffersonville	$1,257
Hammond	$1,256
Muncie	$1,338
Kokomo	$1,048
West Lafayette, IN	$1,811
Brownsburg, IN	$1,603
Westfield, IN	$1,705
Whitestown, IN	$1,847
Lebanon, IN	$1,373
Crawfordsville, IN	$1,118
Zionsville, IN	$1,839

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 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.