Rentometer, Inc. | Data as of 10/24/2025
Lafayette‑West Lafayette offers a dynamic metro rental market that blends historic charm with vibrant student life and growing professional opportunities. Prospective renters can choose from a mix of modern apartments and well‑maintained single‑family homes across neighborhoods such as Downtown Lafayette, Riverside, Burkhardt, and the family‑friendly Egger area. The presence of Purdue University and Purdue Mall fuels a steady demand for studio and one‑bedroom apartments, which typically fall in the low‑$1300s to $1400 range, while larger three‑ and four‑plus bedroom units often command rates in the $1500‑$1600 bracket. For house seekers, one‑bedroom homes are commonly priced in the $1000s, whereas three‑bedroom properties regularly reach the $1800s, reflecting the area’s blend of affordability and space.
The rental landscape is further enhanced by easy access to key attractions and amenities. Residents enjoy close proximity to the Wabash River waterfront, the historic Tippecanoe County Courthouse, and cultural venues like the Columbian Theatre. Outdoor enthusiasts appreciate nearby green spaces such as Prophetstown State Park and the bustling downtown scene, which features boutique shops, farm‑to‑table restaurants, and seasonal festivals. The strong mix of student housing, family‑oriented rentals, and upscale options makes Lafayette‑West Lafayette a compelling choice for a wide range of renters seeking both convenience and community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,441 | $1,324 | $595 - $2,419 | $1,089 - $1,810 |
| Apartment | 1 Bedroom | $1,358 | $1,251 | $695 - $2,514 | $1,013 - $1,705 |
| Apartment | 2 Bedroom | $1,484 | $1,452 | $740 - $2,924 | $1,154 - $1,709 |
| Apartment | 3 Bedroom | $1,425 | $1,459 | $679 - $2,600 | $1,150 - $1,740 |
| Apartment | 4+ Bedroom | $1,285 | $1,357 | $879 - $1,599 | $1,110 - $1,449 |
| House | 1 Bedroom | $1,101 | $1,000 | $650 - $2,080 | $800 - $1,300 |
| House | 2 Bedroom | $1,436 | $1,410 | $875 - $2,500 | $1,200 - $1,600 |
| House | 3 Bedroom | $1,861 | $1,800 | $1,100 - $4,500 | $1,650 - $1,950 |
| House | 4+ Bedroom | $2,295 | $2,195 | $1,099 - $4,500 | $1,795 - $2,600 |
In the current period, the average rent in Lafayette-West Lafayette, IN was $1,437 for Studio, $1,338 for 1 Bedroom, $1,472 for 2 Bedroom, $1,780 for 3 Bedroom, and $2,002 for 4+ Bedroom.
Data provided by Rentometer, Inc.