Rent in Lafayette Parish, LA at a glance
2-bedroom rent (HUD)
$1,019$12,228 a year · HUD fiscal year 2026From October 1, 2026: $1,092 (+7.2%)How much rent can you afford in Lafayette Parish, LA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Lafayette Parish, LA by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $779 | $9,348 | $31,160 | $14.98/hr |
| 1 bedroom | $898 | $10,776 | $35,920 | $17.27/hr |
| 2 bedroomsMost searched | $1,019 | $12,228 | $40,760 | $19.60/hr |
| 3 bedrooms | $1,301 | $15,612 | $52,040 | $25.02/hr |
| 4 bedrooms | $1,581 | $18,972 | $63,240 | $30.40/hr |
Cost of living in Lafayette Parish, LA: income, prices and a budget →
Living and working in Lafayette Parish, LA
Rent in Lafayette Parish, LA: common questions
How much is rent going up in Lafayette Parish, LA in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,092 for a two-bedroom, up 7.2% from $1,019. A one-bedroom goes from $898 to $971, a studio from $779 to $835.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Lafayette Parish, LA?
HUD's Fair Market Rent for 2026 is $898 for a one-bedroom and $1,019 for a two-bedroom, utilities included. That is $12,228 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Lafayette Parish, LA?
To keep a $1,019 two-bedroom at 30% of gross pay, one full-time worker needs $19.60 an hour, or $40,760 a year. A one-bedroom at $898 takes $17.27 an hour.
How much is a 1, 2 or 3-bedroom apartment in Lafayette Parish, LA?
At HUD's 2026 Fair Market Rent: studio $779, one bedroom $898, two $1,019, three $1,301 and four $1,581 a month.
Is rent affordable in Lafayette Parish, LA?
For the typical household, earning $67,451 a year ($5,621 a month, Census ACS), a two-bedroom at $1,019 takes 18.1% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,019 × 12) ÷ 0.30 = $40,760. Divided by 2,080 working hours, that is $19.60 an hour.