Lafayette, LA Rental Market Trends

Highlights

The average rent for an apartment in Lafayette is $883, a 1% decrease compared to the previous year, when the average rent was $888.

Average Rent in Lafayette, LA

Last updated November 2019
Average Rent Y-o-Y Change Average Apartment Size
$883 -1% 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

  • < $5001%
  • $501-$70025%
  • $701-$1,00050%
  • $1,001-$1,50019%
  • $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 Jul / 2019 Nov / 2019
Lafayette, LA $871 $868 $888 $875 $894 $883
National $1,386 $1,421 $1,430 $1,434 $1,470 $1,476
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Average Rent in Lafayette, LA By Neighborhood

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Lafayette | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Broussard is 21% higher than in Youngsville

$1,157

Broussard rent is 31% higher than Lafayette average

Average Rent $1,157
$960

Youngsville rent is 9% higher than Lafayette average

Average Rent $960

How Does Lafayette Compare to Nearby Cities

Average Rent Y-o-Y Change
Lafayette $883 -1%
Broussard $1,157 1%
Youngsville $960 -2%

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

Cheapest Listings on RENTCafé

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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.

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