Lafayette, Louisiana is a vibrant city located in the heart of Cajun Country, offering a variety of living opportunities for those seeking a taste of Southern culture. With its close proximity to the Gulf of Mexico, Lafayette is known for its fishing, hunting, and outdoor recreation. It is also home to a booming rental market, offering a wide variety of housing options for those looking to move to the area.
At the heart of Lafayette’s rental market are its many neighborhoods. Among the most popular areas include downtown, which is home to several restaurants, shops, and other entertainment venues. The University of Louisiana at Lafayette is located downtown and is a great draw for students and faculty. Other popular neighborhoods include the River Ranch area, which is known for its upscale properties and is a great place to live for those who want to be close to the action.
The average cost of rent in Lafayette varies depending on the area, with downtown being the most expensive. The average rent for a one-bedroom apartment in downtown is around $900 per month, while the average rent for a two-bedroom apartment is around $1,100 per month. In the River Ranch area, the average rent for a one bedroom is around $1,200 per
According to the latest data from RentCafe, the average rental prices of an apartment, townhouse, condo, loft, and single family home in Lafayette, LA as of December 2020 are as follows:
Apartment: $919
Townhouse: $1,065
Condo: $1,115
Loft: $1,132
Single Family Home: $1,294
According to Zillow, the median rent price in Lafayette, LA has increased by 8.9% over the last five years. In October 2015, the median rent price was $1,100, and in October 2020 it was $1,195.
The median rental price for 1-bedroom apartments in Lafayette, LA is $850, for 2-bedroom apartments is $1,150, and for 3-bedroom apartments is $1,525.
Lafayette Parish School System is one of the highest performing school districts in Louisiana and the nation. It is ranked in the top 5% of all school districts in the U.S. for student performance on standardized tests, and it has a graduation rate of 86%. The district also has a relatively low student-teacher ratio of 17:1, compared to the national average of 16:1. Additionally, Lafayette Parish School System has some of the best college readiness and career readiness programs in the state.
1. Downtown
2. University of Louisiana at Lafayette
3. River Ranch
4. Carencro
5. The Meadows at Lafayette
1. Broussard
2. River Ranch
3. Youngsville
4. Scott
5. Carencro