Lafayette Parish renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Lafayette Parish is about $998 per month. This puts it in the 79th percentile compared to the state average cost of rent, which is $991. Households in Lafayette Parish have a median income of $6,525 per month so the average renter in Lafayette Parish is spending roughly 15% of their earnings on housing.
Nationally, and in Lafayette Parish, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lafayette Parish is $228,053 right now, which is higher than nearby counties, meaning that rents in Lafayette Parish also tend to be higher versus these nearby counties.
Higher rent prices are common in the central parts of Lafayette Parish while lower rent rates are often available in northern areas.
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