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ZIP Code · LA

ZIP 70508

Pop. 40,592·Lafayette Parish·59th most expensive ZIP in Louisiana
Median rent (all units)
$1,386/mo
Year-over-Year
+3.2%
Month-over-Month
+2.2%
vs US Median
-$579
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 70508 · $1,386
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
$930
1 BR
$1,070
2 BR
$1,220
3 BR
$1,560
4 BR+
$1,890
Research median
$1,220/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
$16,632/yr
At $1,386/mo median
Location
StateLA
CountyLafayette Parish
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.2% YoY, +2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 70508 (Lafayette, LA) is majority owner-occupied, 48.3% of residents hold a bachelor's degree or higher.

Population
40,592
Median income
$86,005
Median age
37.5
Renters
38.1%
Age distribution
22.8%
23.6%
24.3%
13.1%
16.2%
Under 1822.8%
18–3423.6%
35–5424.3%
55–6413.1%
65+16.2%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
76%
13.1%
White76%
Black13.1%
Hispanic5.3%
Asian2.8%
Other2.9%
Education (25+)
19.3%
26.7%
48.3%
No HS diploma5.8%
HS diploma19.3%
Some college26.7%
Bachelor's+48.3%
Housing tenure
61.9%
38.1%
Owner61.9%
Renter38.1%

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

2021 vs 2026

How ZIP 70508 in Lafayette, LA has changed in 5 years

Rent
$1,121 → $1,386
up 23.6%
Income
$80,262 → $86,005
up 7.2%
Population
39,895 → 40,592
up 1.7%
Renter share
36.1% → 38.1%
+2.0 pts
Bachelor's+
46.5% → 48.3%
+1.8 pts
Median age
36.3 → 37.5
+1.2 yrs

Since 2021, the typical rent in ZIP 70508 in Lafayette, LA has increased from $1,121 to $1,386, a 23.6% change over five years. Census figures show median household income at $86,005 today, compared with $80,262 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.7% since 2021, moving from about 39,895 residents to roughly 40,592. Renters now make up 38.1% of households, compared with 36.1% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 70508

About renting in ZIP 70508

Last updated: July 20, 2026

ZIP code 70508 covers Lafayette, LA. The median rent here is $1,386/mo as of July 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,220/mo.

At 19% of local median household income ($86,005/yr), ZIP 70508 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 70508?

As of July 20, 2026, the median monthly rent in ZIP 70508 (Lafayette, LA) is $1,386. This is based on aggregated data from public sources and community submissions.

How does ZIP 70508 rent compare to the US average?

ZIP 70508's median rent of $1,386/mo is $579 (29%) below the US national median of $1,965/mo.

How does ZIP 70508 compare to other ZIPs in Louisiana?

ZIP 70508 falls in the middle range for Louisiana, ranking #59 out of 91 ZIPs at $1,386/mo.

How much income do you need to rent in ZIP 70508?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,386/mo in ZIP 70508. The local median household income is $86,005/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 70508?

Rent in ZIP 70508 has increased 3.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 70508 an affordable place to rent?

ZIP 70508 is considered very affordable for renters. At $1,386/mo, rent takes approximately 19% of the local median household income ($86,005/yr). The standard benchmark is 30%. ZIP 70508 falls comfortably within that range.

What percentage of ZIP 70508 residents rent vs. own?

According to Census data, approximately 38.1% of ZIP 70508 households are renters, while 61.9% are owner-occupied. ZIP 70508 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 70508 compare to the rest of Lafayette?

ZIP 70508 is pricier than Lafayette as a whole. At $1,386/mo, it's $62 above the Lafayette citywide median of $1,324/mo.

When was rent data for ZIP 70508 last updated?

Rent data for ZIP 70508 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,386/mo, rent takes ~19% of ZIP 70508's median household income ($86,005/yr). The standard benchmark is 30%.

ZIP 70508 19%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70508 (Lafayette, LA)

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