ZIP Code · LA

ZIP 70501

Pop. 26,465·Lafayette Parish·82nd most expensive ZIP in Louisiana
Median rent (all units)
$1,078/mo
Year-over-Year
-0.3%
Month-over-Month
-0.3%
vs US Median
-$854
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 70501 · $1,078
More affordable than 96% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$730
1 BR
$840
2 BR
$950
3 BR
$1,210
4 BR+
$1,570
Research median
$950/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 70501 is 3.3% below its high of $1,115 in February 2026, at $1,078 as of September 2026.

Past year vs. the rest of Louisiana

Rent in ZIP 70501 changed -0.3% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has fallen 7 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($33,365) is $834 a month. That covers HUD's Fair Market Rent for up to a studio ($730); a 1-bedroom is $840.

Rank in Lafayette

1st cheapest of 5 ZIP codes in Lafayette.

From Zillow's monthly rent index (ZORI) for ZIP 70501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$12,936/yr
At $1,078/mo median
Location
StateLA
CountyLafayette Parish
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-0.3% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 70501 (Lafayette, LA) is majority renter-occupied, has a median income below the national average, 16.9% of residents hold a bachelor's degree or higher.

Population
26,465
Median income
$33,365
Median age
36.9
Renters
58.8%
Age distribution
21%
24.4%
24.2%
13.8%
16.6%
Under 1821%
18–3424.4%
35–5424.2%
55–6413.8%
65+16.6%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
18.5%
72.9%
White18.5%
Black72.9%
Hispanic3.8%
Other4.5%
Education (25+)
21.7%
39.6%
21.8%
16.9%
No HS diploma21.7%
HS diploma39.6%
Some college21.8%
Bachelor's+16.9%
Housing tenure
41.2%
58.8%
Owner41.2%
Renter58.8%

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

2022 vs 2026

How ZIP 70501 in Lafayette, LA has changed in 5 years

Rent
$941 → $1,078
up 14.6%
Income
$28,067 → $33,365
up 18.9%
Population
27,944 → 26,465
down 5.3%
Renter share
55.5% → 58.8%
+3.3 pts
Bachelor's+
16.1% → 16.9%
+0.8 pts
Median age
37.5 → 36.9
-0.6 yrs

Across the past five years, the going rent in ZIP 70501 in Lafayette, LA has shifted from $941 to $1,078, up 14.6% since 2022. Median household income climbed from $28,067 to $33,365 between 2021 and 2024, a 18.9% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 70501 in Lafayette, LA losing about 1,479 residents over the five-year window, down 5.3% on net. The renter share has risen from 55.5% to 58.8%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 70501 in Lafayette, LA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 70501

Last updated: October 17, 2026

ZIP code 70501 covers Lafayette, LA. The median rent here is $1,078/mo as of October 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $950/mo.

At 39% of local median household income ($33,365/yr), ZIP 70501 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70501?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (about $21/hour full-time) to afford the median rent of $1,078/mo in ZIP 70501. The local median household income is $33,365/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70501?

Rent in ZIP 70501 has been roughly flat over the past year as of September 2026, a -0.3% change. It sits 3.3% below its high of $1,115 in February 2026.

How does ZIP 70501 compare to other ZIPs in Louisiana?

ZIP 70501 is one of the more affordable among Louisiana ZIP codes for rent, ranking #82 of 92 at $1,078/mo. Over the year to September 2026, rent in ZIP 70501 changed -0.3%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.

How does ZIP 70501 compare to the rest of Lafayette?

At $1,078/mo, ZIP 70501 is $251 below the Lafayette citywide median of $1,329/mo. It is the 1st cheapest of 5 ZIP codes in Lafayette.
Income Affordability
39%
MODERATE

At $1,078/mo, rent takes ~39% of ZIP 70501's median household income ($33,365/yr). The standard benchmark is 30%.

ZIP 70501 39%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70501 (Lafayette, LA)

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