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Showing all results in Lafayette, IN.

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Apartments under $500 for Rent in Lafayette, IN

1,969 Rentals
.
  1. Primary Photo - Marq
    $550 Off
    Price Drop. $550 Off
    |
    STUDIO
    $1,599+
    1 BED
    $1,559+
    2 BEDS
    $1,989+

    Marq

    101 Main St, Lafayette, IN 47901
    (765) 476-0801
  7. Building Photo - Grant Street Station
    1 BED
    $1,500+
    2 BEDS
    $1,300+
    3 BEDS
    $1,250+
    4 BEDS
    $865+

    Grant Street Station

    320 S Grant St, West Lafayette, IN 47906
  9. Building Photo - Pheasant Run
    $140 Off
    Price Drop. $140 Off
    STUDIO
    $805+
    1 BED
    $835+
    2 BEDS
    $985+
    3 BEDS
    $1,593+

    Pheasant Run

    3090 Pheasant Run Dr, Lafayette, IN 47909
    (765) 538-7427
  10. Building Photo - Victory on Salisbury
    3 BEDS
    $1,044+
    4 BEDS
    $1,044+
    Total Monthly Price Total Monthly Price New
    Base Rent$999 - $1,100
    Required Monthly Fees$45
    Total Monthly Price$1,044 - $1,145

    Victory on Salisbury

    300 N Salisbury St, West Lafayette, IN 47906
    (833) 362-6472
  16. Building Photo - Launch
    STUDIO
    $1,009+
    1 BED
    $1,075+
    2 BEDS
    $719+
    3 BEDS
    $649+

    Launch

    400 N River Rd, West Lafayette, IN 47906
    (765) 735-3071
  27. 510 Salem St. - Monon Place
    STUDIO
    $850+
    1 BED
    $675+
    2 BEDS
    $830+

    Monon Place

    510 Salem St, Lafayette, IN 47904

Lafayette at a Glance

Average Rent

$1,078
(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

Public University
GreatSchools Rating
McCutcheon High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Jefferson High School

Public High School

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

Public High School

Public
Grades 9-12
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
Students
GreatSchools Rating
Wea Ridge Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Wainwright Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Southwestern Middle School

Public Middle School

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

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Edgelea Elementary School

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Mayflower Mill Elementary School

Public Elementary School

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

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Mintonye Elementary School

Public Elementary School

Public
Grades K-5
Students

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

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