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RentData.org Logo Lafayette Fair Market Rent FY 2020 Lafayette, LA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Lafayette, LA :
$660 $795 $912 $1,205 $1,326
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lafayette are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lafayette is $912 per month.

The previous year, rent for a two-bedroom home was $842 per month. This is a 8.31% increase year-over-year.

This FMR rate applies to Milton, LA, Maurice, LA, Carencro, LA, Breaux Bridge, LA, Lafayette, LA and other cities within the region. The Metro Code or CBSA code for this region is METRO29180M29180.

Additionally, This Fair Market Rent (FMR) area Lafayette, LA HUD Metro FMR Area spans one county or city in Louisiana which is listed in the table below. Estimated population of Lafayette, LA HUD Metro FMR Area FMR area is 238,230 people based on latest Census data.

Compared to the rest of Louisiana, the Lafayette FMR area is more expensive than 90% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lafayette. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lafayette

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 710
1-BR 1-Bedroom $ 856
2-BR 2-Bedroom $ 982
3-BR 3-Bedroom $ 1298
4-BR 4-Bedroom $ 1427
Change Year:

There is just one county (listed below) within the Lafayette, LA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lafayette, La.

County / Region Est. Population
Lafayette, LA Metro 238,230
Zip Codes in Lafayette, LA HUD Metro FMR Area

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

70501, 70502, 70503, 70504, 70505, 70506, 70507, 70508, 70509, 70517, 70520, 70555, 70558, 70596 and 70598

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