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Average Rent in Lafayette, IN

What is the average rent in Lafayette, IN?

The average listed apartment rent in Lafayette, IN is $1,683 per month, as of November 6, 2026. This sample includes 36 priced apartments in 4 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

4 apartment buildings, 36 units. Recorded asking prices and price history where available.

Browse apartments in Lafayette, IN

Avg Rent

$1,683/mo

median $1,625

+5.3% vs last month

Cheapest

$849/mo

Wabash Lofts

Properties

4

tracked daily

Units

36

available now

Lafayette, IN Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 4 properties in Lafayette, IN.

Timeframe

Average rent trend, last 2 months

All bedroom types, citywide. Choose a window above to scope the view.

$1,527
Average rent today
Average rent trend in Lafayette, IN $1,400$1,467$1,533$1,600 AugSepOct

Full Lafayette, IN price history

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

Lafayette, IN Rent Prices

All 4 properties ranked by lowest available rent.

Rent & Price History by Building

Compare apartment listings by price, bedrooms, and neighborhood.

Browse all apartments

By Area

Lafayette, IN neighborhoods

Tracked buildings across 3 named neighborhoods. Pick one to see its apartments.

Lafayette, IN Average Rent Prices 2026

The average listed rent in Lafayette, IN is $1,683 per month, based on 36 units across 4 apartment communities. Prices range from $849 at Wabash Lofts to $2,494 at The Century at Purdue Research Park.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
Studio $1,458/mo $1,199/mo 12
1 Bed $1,644/mo $1,249/mo 7
2 Bed $1,774/mo $849/mo 15
3 Bed $2,494/mo $2,494/mo 2

We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.

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Market Context

Who rents in Lafayette, IN, and what they pay

Tracked one-bedroom rent in Lafayette, IN averages $1,644/mo , with two-bedroom units averaging $1,774/mo. At the local median household income of $52,946, that works out to 38% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Lafayette, IN at $1,039/mo. The current tracked market average runs 62% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Lafayette, IN while the tracked market average covers units currently listed in larger apartment communities.

What salary do I need to live comfortably in Lafayette, IN?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$67,000/year

Based on the 30 percent rule, using our tracked average rent of $1,683/mo.

Comfortable income

$81,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($849/mo), you need to earn at least $34,000/year.

Median household income in Lafayette, IN is $52,946 , about 34% below the comfortable-living threshold.

Cost of living in Lafayette, IN

Overall prices in Lafayette, IN runs below the national average by about 9% (BEA Regional Price Parity index 91.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lafayette, IN's regional price parities.

Category Monthly estimate
Rent (market average) $1,683
Utilities $305
Groceries $512
Transportation $728
Healthcare $355
Other goods and services $568
Estimated total $4,152/mo

Population

70,650

Median household income

$52,946

Census median rent

$1,039/mo

Census rent burden

30.4%

Median age

33.7

Mean commute

16 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Compare

Nearby cities in Indiana

How Lafayette, IN rent compares to other markets in the state.

City Avg Rent vs Lafayette, IN 30-Day Change Properties
Greenwood, IN $1,343 -20% -6.1% 36
Fishers, IN $2,014 +20% -0.5% 14
Westfield, IN $1,869 +11% +5.1% 13
Terre Haute, IN $1,305 -22% -5.3% 12
Indianapolis, IN $1,739 +3% +4.9% 11
Kokomo, IN $1,116 -34% -0.6% 11

Frequently asked questions

What is the average rent in Lafayette, IN?

The average listed apartment rent in Lafayette, IN is $1,683 per month, as of November 6, 2026. This sample includes 36 priced apartments in 4 buildings. These are tracked asking prices, not signed leases.

What is the median rent in Lafayette, IN?

The median asking rent in Lafayette, IN is $1,625 per month, computed from 36 priced listings; check the observation dates shown on this page. The average is $1,683/mo; the median resists skew from luxury listings.

What is the cheapest apartment rent in Lafayette, IN?

The lowest available rent in Lafayette, IN starts at $849 per month. Confirm current availability, fees, and lease terms with the selected listing.

How much is a 1-bedroom apartment in Lafayette, IN?

1-bedroom apartments in Lafayette, IN average $1,644/mo. The lowest listed 1-bedroom starts at $1,249/mo across 7 units tracked.

How much is a 2-bedroom apartment in Lafayette, IN?

2-bedroom apartments in Lafayette, IN average $1,774/mo. Units start from $849/mo across 15 units currently listed.

Rent Trends in Lafayette, IN

Track how apartment prices are changing over time.

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