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Apartments under $700 for Rent in Lafayette, IN
46 Rentals
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1 BED, 1 BATH$695
1402 Alabama St Unit 1402 Alabama Street #3
1402 Alabama St, Lafayette, IN 47905 -
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1 BED$675Monon Place
510 Salem St, Lafayette, IN 47904 -
2 BEDS$675271
271 S River Rd, West Lafayette, IN 47906 -
1 BED, 1 BATH$695910-914 N 11th Street Unit 914 N 11th Street #2
910-914 N 11th St, Lafayette, IN 47904 -
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1 BED, 1 BATH$700Ground Floor 1 Bedroom Unit 909 - Apt 1
909 N 10th St, Lafayette, IN 47904 -
1 BED, 1 BATH$6751707 Shortridge Dr
1707 Shortridge Dr, Lafayette, IN 47905 -
1 BED, 1 BATH$700
ALL UTILITIES INCLUDED Unit Apt. 7
1307 Columbia St, Lafayette, IN 47901 -
1 BED, 1 BATH$700
Salem St Unit 2
1902 Salem St, Lafayette, IN 47904 -
STUDIO$674
Uptown West
705-707 N 5th St, Lafayette, IN 47901 -
STUDIO$599
Varsity
101 Andrew Pl, West Lafayette, IN 47906
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Clear All FiltersLafayette at a Glance
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
- Apartment Type Average Sq Ft Average Rent
- Studio 455 Sq Ft $1,090 / mo
- 1 Bedroom 715 Sq Ft $1,058 / mo
- 2 Bedrooms 990 Sq Ft $1,269 / mo
- 3 Bedrooms 1,322 Sq Ft $1,590 / mo
- 4 Bedrooms 1,406 Sq Ft $1,273 / mo
Top Budget-Friendly Neighborhoods in Lafayette
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Portsmouth 568 Sq Ft $933/mo
- Twyckenham Estates 762 Sq Ft $1,125/mo
- Upper Main Street Historic District 877 Sq Ft $1,139/mo
- Weston Woods 760 Sq Ft $1,402/mo
- Treese Meadows 743 Sq Ft $1,429/mo
- Downtown Lafayette 933 Sq Ft $1,572/mo
- Lafayette Downtown Historic District 776 Sq Ft $1,785/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Apartments for Rent Near Lafayette
Lafayette Apartments for Rent in Your Budget
- Apartments with Move-In Specials in Lafayette, IN
- Lafayette Apartments Under $600
- Lafayette Apartments Under $700
- Lafayette Apartments Under $800
- Lafayette Apartments Under $900
- Lafayette Apartments Under $1,000
- Lafayette Apartments Under $1,100
- Lafayette Apartments Under $1,200
- Lafayette Apartments Under $1,300
- Lafayette Apartments Under $1,400
- Lafayette Apartments Under $1,500
- Lafayette Apartments Under $1,600
- Lafayette Apartments Under $1,700
- Lafayette Apartments Under $1,800
- Lafayette Apartments Under $1,900
- Lafayette Apartments Under $2,000
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Note: Based on community-supplied data and independent market research. Subject to change without notice.