Rental market snapshot for Lafayette, Louisiana

Lafayette, Louisiana Rental Property Market Overview

The average rent for an apartment in Lafayette is $1,173. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 2.0% over the past year.

Lafayette is a city located in the U.S. state of Louisiana. The city has a population of approximately 120,623 people and is the fourth-largest city in the state. Lafayette is located in the southern part of the state, about 50 miles west of Baton Rouge and about 60 miles east of New Orleans. The city is the parish seat of Lafayette Parish.

Last Updated December 23, 2022

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Average monthly rent graph in Lafayette Louisiana | Cost of Living

  • The most expensive ZIP Code in Lafayette is 70506 with an average price of $1,595
  • The cheapest ZIP Code in Lafayette is 70507 with an average price of $475

Lafayette ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
170506$1,595
270501$1,335
370503$1,150
470508$1,020
570507$475

Live near Lafayette, Louisiana's Top Sights and Attractions

Girard Park is a 33-acre public park located in Lafayette, Louisiana. The park features a 1.8-mile walking/jogging trail, a playground, a pavilion, a pond, and a splash pad.

City Park is a large public park that contains a playground, a pond, a walking trail, and a pavilion. The park is located in the center of Lafayette, Louisiana.

Youth Park is a large park with a playground, a basketball court, a pond, and a walking trail.

Lafayette Central Park is a 12-acre public park located in the heart of downtown Lafayette, Louisiana. The park features a large pond, walking trails, a playground, a dog park, and a variety of events and festivals throughout the year.

Beaver Park is a great place to take the kids! It has a playground, a splash pad, and a pavilion.

Moncus Park is a 12-acre public park located in downtown Lafayette, Louisiana. The park features a playground, splash pad, walking trails, and a dog park. The park is also home to the Lafayette Science Museum and the Lafayette Public Library.

Neyland Park is a large public park that features a playground, a pond, a walking trail, and a picnic area.

Mouton Park is a large park with a playground, a pond, and a walking trail. The park is located in the heart of Lafayette and is a popular spot for locals and visitors alike.

Lafayette, Louisiana area median rent change by ZIP Code map

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How does Lafayette compare to other cities in Louisiana ?

citymedian price
Baton Rouge$1,450
Lafayette$1,255
Westlake$1,335
New Orleans$1,850
Bossier City$1,175
Denham Springs$1,250
Harvey$1,110

Average household income in Lafayette area graph - US Census

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The median household income in Lafayette in 2021 was $54,139. This represents a 21.1% change from 2011 when the median was $44,688.

#categorypercent
0Less than $10,0009.3%
1$10,000 to $14,9994.9%
2$15,000 to $19,9994.7%
3$20,000 to $24,9995.6%
4$25,000 to $29,9995.1%
5$30,000 to $34,9994.4%
6$35,000 to $39,9994.2%
7$40,000 to $44,9995.0%
8$45,000 to $49,9993.2%
9$50,000 to $59,9996.7%
10$60,000 to $74,99910.4%
11$75,000 to $99,99911.7%
12$100,000 to $124,9998.0%
13$125,000 to $149,9994.7%
14$150,000 to $199,9995.2%
15$200,000 or more6.9%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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