ZIP 70508
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 70508 usually run 0.8% below trend in February and 0.7% above it in August, about $22 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 70508 is 1.1% below its high of $1,459 in February 2026, at $1,443 as of September 2026.
Rent in ZIP 70508 changed -0.3% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.
From 2019 to 2024, rent in ZIP 70508 rose 25.5% while median household income rose 16.1% ($74,060 to $86,005). Rent outpaced income.
Rent in ZIP 70508 is 27.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 4 of the last 12 months.
30% of the median household income ($86,005) is $2,150 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,890).
4th cheapest of 5 ZIP codes in Lafayette.
ZIP 70501, 6 miles away, rents for 25% less ($1,078/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 70508. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 70508 (Lafayette, LA) is majority owner-occupied, 48.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 70508 in Lafayette, LA has changed in 5 years
Since 2021, the typical rent in ZIP 70508 in Lafayette, LA has increased from $1,211 to $1,443, a 19.2% 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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Tips for renters in ZIP 70508
Last updated: October 17, 2026
ZIP code 70508 covers Lafayette, LA. The median rent here is $1,443/mo as of October 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,220/mo.
At 20% of local median household income ($86,005/yr), ZIP 70508 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.
Frequently asked questions
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Is rent going up or down in ZIP 70508?
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How does ZIP 70508 compare to other ZIPs in Louisiana?
How does ZIP 70508 compare to the rest of Lafayette?
At $1,443/mo, rent takes ~20% of ZIP 70508's median household income ($86,005/yr). The standard benchmark is 30%.
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