Lafayette, LA Rental Market Trends

Highlights

The average rent for an apartment in Lafayette is $894, a 3% increase compared to the previous year, when the average rent was $868.

Average Rent in Lafayette, LA

Last updated November 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$894	3%	912 sq. ft.

The average size for a Lafayette, LA apartment is 912 square feet, but this number varies greatly depending on apartment type. 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.

Lafayette, LA Apartment Rent Ranges

< $5002%
$501-$70027%
$701-$1,00046%
$1,001-$1,50021%
$1,501-$2,0004%
> $2,0001%

Lafayette, LA Occupied Housing Units

Renter-occupied Households43%
Owner-occupied Households56%

21,621 or 43% of the households in Lafayette, LA are renter-occupied while 28,058 or 56% are owner-occupied.

Lafayette, LA Rent Trends

Average Rent	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Nov / 2019
Lafayette, LA	$871	$868	$888	$875	$894
National	$1,383	$1,418	$1,427	$1,431	$1,466

Average Rent in Lafayette, LA By Neighborhood

Neighborhood	Average Rent
Youngsville	$993
Broussard	$1,190

Lafayette | Rent Comparison by Neighborhood

Rent in Broussard is 20% higher than in Youngsville

$1,190

Broussard rent is 33% higher than Lafayette average

Average Rent	$1,190

$993

Youngsville rent is 11% higher than Lafayette average

Average Rent	$993

How Does Lafayette Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Lafayette	$894	3%
Broussard	$1,190	11%
Youngsville	$993	9%

For more information about the Lafayette rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lafayette apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.