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Apartments under $500 for Rent in Lafayette, IN

1 Rentals
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  1. Building Photo - 310 S 6th St
    STUDIO, 1 BATH
    $500
    Total Monthly Price Total Monthly Price New
    Base Rent$500
    Required Monthly FeesNone
    Total Monthly Price$500

    310 S 6th St Unit 3

    310 S 6th St, Lafayette, IN 47901

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Lafayette at a Glance

Average Rent

$1,065
(All bedrooms and property types)
Learn more about
Average Rent in Lafayette
6

School Rating

out of 10 Rating
Learn more about
Schools in Lafayette

Lafayette, IN Apartments for Rent

Lafayette hugs the Wabash River in Tippecanoe County and was founded in 1825 where riverboats could no longer travel upstream. Named for Revolutionary War hero Marquis de Lafayette, the city offers something for everyone. Those looking for apartments for rent in Lafayette will discover everything from restored historic buildings downtown to modern apartment communities in friendly neighborhoods like Highland Park and Glen Acres. The city covers 31 square miles and makes renting easy on the wallet, with one-bedroom apartments averaging around $1,042 monthly and two-bedroom units averaging $1,252.

Renting in Lafayette means you're close to great jobs at companies like Subaru of Indiana Automotive and Wabash National. Plus, with Purdue University just across the river in West Lafayette, you get all the perks of college town energy and culture. Downtown Lafayette shows off beautiful 19th-century buildings, local shops, and Riehle Plaza, where you can catch the farmers' market and community events throughout the year. When you want to get outside, head to Columbian Park for the zoo, playgrounds, and walking paths. Located northwest of Indianapolis and southeast of Chicago, Lafayette gives you small-town charm with big-city access – all while keeping your budget happy.

Renting in Lafayette

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Lafayette

(For 1 bedroom apartments)

Education

GreatSchools Rating
McCutcheon High School

Public High School

Public
Grades 9-12
1,825 Students
GreatSchools Rating
Jefferson High School

Public High School

Public
Grades 9-12
2,118 Students
GreatSchools Rating
The Excel Center - Lafayette

Public High School

Public
Grades 9-12
322 Students
GreatSchools Rating
Oakland High School

Public High School

Public
Grades 9-12
62 Students
GreatSchools Rating
East Tipp Middle School

Public Middle School

Public
Grades 6-8
509 Students
GreatSchools Rating
Wea Ridge Middle School

Public Middle School

Public
Grades 6-8
710 Students
GreatSchools Rating
Wainwright Middle School

Public Middle School

Public
Grades 6-8
311 Students
GreatSchools Rating
Lafayette Tecumseh Jr High School

Public Middle School

Public
Grades 6-8
1,043 Students
GreatSchools Rating
Southwestern Middle School

Public Middle School

Public
Grades 6-8
496 Students
GreatSchools Rating
Mayflower Mill Elementary School

Public Elementary School

Public
Grades K-5
600 Students
GreatSchools Rating
Edgelea Elementary School

Public Elementary School

Public
Grades K-5
457 Students
GreatSchools Rating
James Cole Elementary School

Public Elementary School

Public
Grades K-5
300 Students
GreatSchools Rating
Hershey Elementary School

Public Elementary School

Public
Grades K-5
562 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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