Rental market snapshot for Lafayette, Louisiana

Lafayette, Louisiana Rental Property Market Overview

Lafayette, Louisiana is a vibrant city located in the heart of the state. According to the US Census, the population of Lafayette in 2021 is 121,771. The city is known for its unique culture, diverse population, and rich history. It is home to a variety of attractions, including the Acadiana Center for the Arts, the Lafayette Science Museum, and the University of Louisiana at Lafayette. Lafayette is also known for its delicious Cajun cuisine, which can be found in many of the city's restaurants. With its vibrant culture, diverse population, and rich history, Lafayette is an exciting place to live and visit.

The average rent for an apartment in Lafayette is $1,241. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Lafayette Louisiana | Cost of Living

  • The most expensive ZIP code in Lafayette is 70507 with an average price of $1,656.
  • The cheapest ZIP code in Lafayette is 70508 with an average price of $1,178.

Lafayette ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
170507$1,656
270506$1,592
370501$1,365
470503$1,282
570508$1,178

Live near Lafayette, Louisiana's Top Sights and Attractions

Girard Park is a sprawling, lush green space located in the heart of Lafayette. It features a large lake, walking trails, and plenty of open space for picnicking, playing sports, or just enjoying the outdoors. The park also features a playground, a splash pad, and a carousel. There are also several pavilions and gazebos available for rent, making it a great spot for special events.

City Park is a large, lush green space located near the heart of the city. It features a variety of recreational activities, including walking trails, a playground, a lake, and a disc golf course. There are also several picnic areas and pavilions, perfect for hosting family gatherings or special events. The park also has a large amphitheater, where concerts and other performances are held throughout the year.

Youth Park is a large outdoor recreational area located in Lafayette, Louisiana. It features a variety of activities for all ages, including a large playground, walking trails, a lake with a fishing pier, a disc golf course, and a skate park. There are also picnic areas, a splash pad, and a concession stand. The park is open year-round and offers a variety of special events throughout the year, such as movie nights, concerts, and festivals.

Lafayette Central Park is a large, lush park located in the heart of the city. It features a large lake, walking trails, and plenty of green space for picnics and outdoor activities. The park also has a playground, a splash pad, and a large amphitheater for concerts and other events. There are also several monuments and sculptures scattered throughout the park, making it a great place to explore and take in the sights.

Beaver Park is a scenic outdoor area located in Lafayette, Louisiana. It is a popular spot for locals and visitors alike, offering a variety of activities and attractions. The park features a large lake, walking trails, picnic areas, and a playground. There are also several pavilions and gazebos available for rent, making it a great spot for family gatherings and special events. The park is also home to a variety of wildlife, including beavers, turtles, and birds.

Moncus Park is a large outdoor recreational area located in Lafayette, Louisiana. It features a variety of activities and amenities, including walking trails, a dog park, a playground, a splash pad, a pavilion, a stage, and a lake. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movie screenings. Moncus Park is a great place for families and friends to come together and enjoy the outdoors.

Neyland Park is a popular outdoor attraction located in Lafayette, Louisiana. It features a large lake, walking trails, and a variety of recreational activities. Visitors can enjoy fishing, boating, and picnicking in the park, as well as take in the beautiful views of the surrounding area. The park also features a playground, a disc golf course, and a dog park. Neyland Park is a great place to spend a day outdoors with family and friends.

Mouton Park is a large outdoor recreational area located in Lafayette, Louisiana. It features a variety of activities for all ages, including a playground, walking trails, a lake, and picnic areas. The park also has a large amphitheater, which hosts a variety of concerts and events throughout the year. The park is also home to a variety of wildlife, including ducks, geese, and other birds. The park is a popular spot for locals and visitors alike, and is a great place to spend a day outdoors.

Acadiana Park is a large outdoor recreational area located in Lafayette, Louisiana. It features a variety of activities, including a large lake with a beach, a nature center, a playground, and several walking trails. The park also has a variety of wildlife, including birds, turtles, and alligators. There are also picnic areas, a disc golf course, and a large pavilion. The park is a great place to spend the day with family and friends, and is a popular spot for locals and visitors alike.

Thomas Park is a scenic park located in Lafayette, Louisiana. It features a large lake, walking trails, and a variety of wildlife. The park is a popular spot for fishing, bird watching, and picnicking. There are also several playgrounds, a disc golf course, and a dog park. The park is a great place to relax and enjoy nature.

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
Prairieville$1,850
Gonzales$1,500
Brownfields$1,440
Slidell$1,437
Houma$1,330
Bossier City$1,320
Hammond$975

Average household income in Lafayette area graph - US Census

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The median household income in Lafayette in 2021 was $55,329. This represents a 23.0% change from 2011 when the median was $44,984.

#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%

Neighborhoods in Lafayette

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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.

As of December , the average rent in Lafayette is $1,241.
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