Lafayette, Louisiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lafayette, Louisiana rental market.
Lafayette, Louisiana
Average Apartment Rent
$1,163
Y-o-Y Change in Average
Apartment Rent
1%
As of March 2026
Compared to a year ago, Lafayette, Louisiana apartments have recorded a 1% rent increase.
Lafayette, Louisiana Average apartment rent trend
Lafayette, Louisiana Average Apartment Rent
Lafayette, Louisiana Apartment rent ranges
At 48.25%, apartments priced $1,000 - $1,500 represent the bulk of Lafayette, Louisiana rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.16%.
Lafayette, Louisiana Housing tenure**
Renters take up 44% of Lafayette, Louisiana real estate, occupying a total of 22,515 units, while homeowners live in 28,957 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$38,513
Average household size of renter-occupied housing units**
2.15
Rental vacancy rate**
7.4%
Lafayette, Louisiana Renter-occupied housing units by no. of bedrooms**
There are 9,145 rentals in Lafayette, Louisiana with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 689 units. Overall, the median number of rooms in Lafayette, Louisiana homes for rent is 4.2.
Lafayette, Louisiana Renter-occupied units by age of householder**
Most condos for rent in Lafayette, Louisiana are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Lafayette, Louisiana Renter-occupied housing units by family type**
Lafayette, Louisiana Renter-occupied housing units by the presence of own children**
A total of 9,312 apartments for rent in Lafayette, Louisiana, or 41% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 5,685 units. All in all, the median size of a renter-occupied household in Lafayette, Louisiana is 2.15.
Lafayette, Louisiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Lafayette, Louisiana.
Lafayette, Louisiana Renter-occupied units by year structure built**
The highest share of Lafayette, Louisiana apartment rentals, namely 24% or 5,349 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (22%, 5,048 units), and the ones Built 2010 - 2019 (12%, 2,649 units).
Lafayette, Louisiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lafayette, Louisiana renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lafayette, Louisiana condos for rent is 2018.
Lafayette, Louisiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Lafayette, Louisiana renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 15% have No vehicle available.
Lafayette, Louisiana Means of transportation to work of householders living in renter-occupied housing units**
Lafayette, Louisiana Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lafayette, Louisiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
