Rents are 6% above what Lafayette's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,285 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Lafayette, IN is roughly split between renters and owners, has a median income below the national average, 27.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lafayette, IN has changed in 5 years
Since 2021, the typical rent in Lafayette, IN has increased from $854 to $1,285, a 50.5% change over five years. Census figures show median household income at $53,716 today, compared with $47,690 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
Discussions about Lafayette
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Can you afford rent in Lafayette on your salary?
At $1,285/mo, how Lafayette rent compares to typical pay (30% rule).
Lafayette rent by bedroom count
Median rent for each apartment size in Lafayette. Click any size for full breakdown.
Tips for renters in Lafayette
Last updated: August 17, 2026
The median rent in Lafayette is $1,285/mo as of August 2026. A studio apartment averages $810/mo while a 2-bedroom runs $1,133/mo. One-bedroom apartments average $948/mo and 3-bedroom units go for $1,365/mo.
At 29% of local median household income ($53,716/yr), Lafayette ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.9% over the past year.
Frequently asked questions
Is Lafayette an affordable city for renters?
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Is rent going up or down in Lafayette?
Which Lafayette neighborhoods have the lowest rent?
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What percentage of Lafayette residents rent vs. own?
How does Lafayette rent compare to the national average?
At $1,285/mo, rent takes ~29% of Lafayette's median household income ($53,716/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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