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ZIP Code · LA

ZIP 70506

Pop. 42,318·Lafayette Parish·57th most expensive ZIP in Louisiana
Median rent (all units)
$1,396/mo
Year-over-Year
+6.7%
Month-over-Month
Stable
vs US Median
-$569
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 70506 · $1,396
More affordable than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$960
2 BR
$1,090
3 BR
$1,390
4 BR+
$1,690
Research median
$1,090/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: July 20, 2026

Annual cost
$16,752/yr
At $1,396/mo median
Location
StateLA
CountyLafayette Parish
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.7% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 70506 (Lafayette, LA) is roughly split between renters and owners, has a median income below the national average, 36.3% of residents hold a bachelor's degree or higher.

Population
42,318
Median income
$57,379
Median age
34
Renters
50.4%
Age distribution
21.4%
29.8%
23.2%
15.3%
Under 1821.4%
18–3429.8%
35–5423.2%
55–6410.2%
65+15.3%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
57%
22.8%
13.6%
White57%
Black22.8%
Hispanic13.6%
Asian2.9%
Other3.8%
Education (25+)
30.7%
24%
36.3%
No HS diploma9%
HS diploma30.7%
Some college24%
Bachelor's+36.3%
Housing tenure
49.6%
50.4%
Owner49.6%
Renter50.4%

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

2021 vs 2026

How ZIP 70506 in Lafayette, LA has changed in 5 years

Rent
$1,068 → $1,396
up 30.7%
Income
$49,945 → $57,379
up 14.9%
Population
40,304 → 42,318
up 5.0%
Renter share
47.1% → 50.4%
+3.3 pts
Bachelor's+
37.3% → 36.3%
-1.0 pts
Median age
34.6 → 34
-0.6 yrs

Since 2021, the typical rent in ZIP 70506 in Lafayette, LA has climbed from $1,068 to $1,396, a 30.7% change over five years. Median household income rose from $49,945 to $57,379 between 2021 and 2024, a 14.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.0% since 2021, moving from about 40,304 residents to roughly 42,318. Renters now make up 50.4% of households, compared with 47.1% five years ago. Taken together, the five-year picture in ZIP 70506 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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Local insights

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About renting in ZIP 70506

Last updated: July 20, 2026

ZIP code 70506 covers Lafayette, LA. The median rent here is $1,396/mo as of July 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,090/mo.

At 29% of local median household income ($57,379/yr), ZIP 70506 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 70506?

As of July 20, 2026, the median monthly rent in ZIP 70506 (Lafayette, LA) is $1,396. This is based on aggregated data from public sources and community submissions.

How does ZIP 70506 rent compare to the US average?

ZIP 70506's median rent of $1,396/mo is $569 (29%) below the US national median of $1,965/mo.

How does ZIP 70506 compare to other ZIPs in Louisiana?

ZIP 70506 falls in the middle range for Louisiana, ranking #57 out of 91 ZIPs at $1,396/mo.

How much income do you need to rent in ZIP 70506?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,396/mo in ZIP 70506. The local median household income is $57,379/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 70506?

Rent in ZIP 70506 has increased 6.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 70506 an affordable place to rent?

ZIP 70506 is considered affordable for renters. At $1,396/mo, rent takes approximately 29% of the local median household income ($57,379/yr). The standard benchmark is 30%. ZIP 70506 falls comfortably within that range.

What percentage of ZIP 70506 residents rent vs. own?

According to Census data, approximately 50.4% of ZIP 70506 households are renters, while 49.6% are owner-occupied. With a majority renter population, ZIP 70506 has a strong rental market.

How does ZIP 70506 compare to the rest of Lafayette?

ZIP 70506 is pricier than Lafayette as a whole. At $1,396/mo, it's $72 above the Lafayette citywide median of $1,324/mo.

When was rent data for ZIP 70506 last updated?

Rent data for ZIP 70506 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,396/mo, rent takes ~29% of ZIP 70506's median household income ($57,379/yr). The standard benchmark is 30%.

ZIP 70506 29%Benchmark 30%
State income tax1.85–4.25%
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Public schools near ZIP 70506 (Lafayette, LA)

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