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City Report · GA

Lafayette

Pop. 6,967·122nd most expensive in Georgia·One of the most affordable rental markets in the US
Median rent (all units)
$1,343/mo
Year-over-Year
Stable
Month-over-Month
+43.3%
vs US Median
-$619
Rising (Monthly)
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Most AffordableMost Expensive
Lafayette · $1,343
More affordable than 84% of US cities · National median $1,962/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $1,343/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.

Income to afford
$54,000/yr
Local median income
$46,018/yr
Based on the 30%-of-income rule using Lafayette's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$990
2 BR
$1,100
3 BR
$1,390
4 BR+
$1,500
Fair Market Rent (HUD)
$1,100/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,343 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: April 17, 2026

Annual cost
$16,116/yr
At $1,343/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +43.3% MoM), not inventory.
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Demographics

Who lives here

Lafayette, GA is majority owner-occupied, has a large retiree population, has a median income below the national average, 12.1% of residents hold a bachelor's degree or higher.

Population
6,967
Median income
$46,018
Median age
43
Renters
39.9%
Age distribution
18.3%
21.8%
29.4%
20.2%
Under 1818.3%
18–3421.8%
35–5429.4%
55–6410.2%
65+20.2%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
83.5%
White83.5%
Black3.6%
Hispanic4%
Asian1.9%
Other7.1%
Education (25+)
13.4%
37.2%
37.2%
12.1%
No HS diploma13.4%
HS diploma37.2%
Some college37.2%
Bachelor's+12.1%
Housing tenure
60.1%
39.9%
Owner60.1%
Renter39.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lafayette, GA has changed in 5 years

Income
$31,377 → $46,018
up 46.7%
Population
6,928 → 6,967
up 0.6%
Renter share
56.1% → 39.9%
-16.2 pts
Bachelor's+
12.7% → 12.1%
-0.6 pts
Median age
38.1 → 43
+4.9 yrs

Census figures show median household income at $46,018 today, compared with $31,377 five years earlier. Renters now make up 39.9% of households, compared with 56.1% five years ago.

Community

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View Lafayette rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lafayette on your salary?

At $1,343/mo, how Lafayette rent compares to typical pay (30% rule).

By apartment size

Lafayette rent by bedroom count

Median rent for each apartment size in Lafayette. Click any size for full breakdown.

Local insights

Tips for renters in Lafayette

About renting in Lafayette, GA

Last updated: April 17, 2026

The median rent in Lafayette is $1,343/mo as of April 2026. A studio apartment averages $950/mo while a 2-bedroom runs $1,100/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,390/mo.

At 35% of local median household income ($46,018/yr), Lafayette ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lafayette an affordable city for renters?

Lafayette is considered moderate for renters. At $1,343/mo, rent takes approximately 35% of the local median household income ($46,018/yr). The standard benchmark is 30%. Lafayette slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Lafayette?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,343/mo in Lafayette. The local median household income is $46,018/yr, meaning the typical Lafayette household falls short of that threshold.

Is rent going up or down in Lafayette?

Rent in Lafayette has been relatively stable over the past year, with a 0.0% change year over year as of April 2026.

How does Lafayette rent compare to other cities in Georgia?

Lafayette is one of the more affordable cities in Georgia for rent, ranking #122 out of 131 tracked cities at $1,343/mo.

Which nearby cities are cheaper to rent in than Lafayette?

Fort Oglethorpe is nearby and more affordable at $1,166/mo, which is $177 less than Lafayette.

What percentage of Lafayette residents rent vs. own?

According to Census data, approximately 39.9% of Lafayette households are renters, while 60.1% are owner-occupied. Lafayette leans toward homeownership, which can mean a smaller rental inventory.

How does Lafayette rent compare to the national average?

Lafayette's median rent of $1,343/mo is $619 (32%) below the US national median of $1,962/mo. Within Georgia, it ranks #122 out of 131 tracked cities.
Income Affordability
35%
MODERATE

At $1,343/mo, rent takes ~35% of Lafayette's median household income ($46,018/yr). The standard benchmark is 30%.

Lafayette 35%Benchmark 30%
State income tax4.99%
Run the Lafayette affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lafayette, GA

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