Lafayette, LA Rental Market
Lafayette is the cultural capital of Cajun Louisiana and the hub of the Acadiana region, with an economy rooted in oil and gas exploration and services, healthcare, and the Cajun cultural economy that draws tourists and remote workers alike. The University of Louisiana at Lafayette adds a consistent student tenant base, while the regional oil and gas industry — even in its fluctuating cycles — provides professional renters with above-average incomes relative to local home prices.
Get a rent estimate for an address in LafayetteAverage Rent in Lafayette, LA
$1,080
per month · 2026-06
Market Score
Key Facts — Lafayette, LA Rental Market
- Average rent in Lafayette, LA:$1,080/mo
- Median rent:$994/mo
- Rent range:$550 – $2,400/mo
- Most common rental (2 bedrooms):$950/mo
- Active listings:680
- Avg days to lease:33 days
- Year-over-year change:+2.8%
- Median home value:$190,000
- Est. gross annual yield:6.8%
- Data as of:2026-06
Rent by Bedroom in Lafayette, LA
Average monthly rent for each bedroom type based on current active listings in Lafayette.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $775/mo |
2 Bedrooms | $950/mo |
3 Bedrooms | $1,225/mo |
4 Bedrooms | $1,500/mo |
5 Bedrooms | $1,700/mo |
Lafayette Rental Market Statistics
Key indicators from the current Lafayette, LA rental market.
680
Available now in Lafayette
33
From list to lease
$0.86
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,400
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Lafayette, LA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$190,000
Typical purchase price in Lafayette
Est. Gross Annual Yield
6.8%
Before expenses & vacancy
Avg Monthly Income
$1,080
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Lafayette for a full cash-flow breakdown including all costs.
Lafayette, LA Rental Market FAQ
Common questions about renting and investing in Lafayette, LA.
What is the average rent in Lafayette, LA?
The average rent in Lafayette, LA is $1,080 per month as of 2026. One-bedroom apartments average $775/mo, two-bedrooms average $950/mo, and three-bedroom homes average $1,225/mo. The River Ranch development and neighborhoods near the University of Louisiana campus command premium rents, while the Broussard and Youngsville suburbs offer newer construction at competitive price points.
Is Lafayette, LA a good place to invest in rental property?
Lafayette offers a 6.8% estimated gross annual yield with median home values near $190,000. The oil and gas sector, despite cyclical volatility, generates professional-income tenants who pay reliably and maintain properties well. UL Lafayette's student population provides a secondary demand layer, and healthcare employment at Our Lady of Lourdes and Lafayette General offers a counter-cyclical stabilizer. Rent growth of 2.8% annually reflects the market's steady, if modest, trajectory.
How competitive is the Lafayette, LA rental market?
Lafayette has approximately 680 active listings and averages 33 days on market — a competitive pace for a mid-size Louisiana city. The River Ranch neighborhood and areas near the UL Lafayette campus attract the most tenant interest and fastest absorption. Demand is somewhat cyclical with oil prices — periods of energy sector strength bring higher-income oil-field workers into the market, while downturns moderate demand. Investors who diversify their tenant mix across multiple industries navigate this cycle most effectively.
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