Apartments in 47905

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Hillside Apartments (1019) Apartment for rent in Lafayette, IN
$995
1019 Holloway Dr Lafayette, IN
1 BR | Available Now
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How much does it cost to rent an apartment in 47905?

47905 apartments
Bed Type Average Rent Range
Studio $800 $580 - $1,800
1BR $1,200 $700 - $1,480
2BR $1,460 $850 - $1,710
3BR $1,740 $880 - $2,960
Find an Apartment in 47905
Looking for apartments for rent in the 47905 zip code area of Lafayette, IN? Rentable has a variety of options available for you. Currently, there are 212 units available for rent in this area. The average rent in 47905 is $1,380, with the minimum rent for a studio floor plan starting at $578.

Downtown Lafayette is one of the top neighborhoods in the 47905 zip code area, offering a vibrant urban atmosphere. Living in this area, you'll have easy access to a variety of dining, shopping, and entertainment options right at your doorstep. Additionally, nearby points of interest include Lafayette City Municipal Golf Course, which is perfect for golf enthusiasts, as well as Columbia Park, a great place to relax and enjoy outdoor activities.

If you're searching for apartments near 47905 Lafayette, IN, Rentable can help you find a rental that suits your needs. Take a look at our listings for apartments in the 47905 zip code and discover the perfect place to call home.

Lafayette:
May Rent Report

Welcome to the May 2025 Lafayette Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2025 key findings and figures for the Lafayette rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lafayette and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lafayette average rent prices in the chart below.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
1 BR       2 BR

Lafayette Rent Prices Increase From April to May

Lafayette rent prices increased over the last month. From April to May, the city experienced a 0.47% increase for the price of a one-bedroom apartment. The rent price for a Lafayette one-bedroom apartments currently stands at $1,069.0.

When we take a look at the two-bedroom comparison from April to May, Lafayette experienced a 0.59% increase for the price of a two-bedroom apartment. The rent price for a Lafayette two-bedroom apartments currently stands at $1,525.0.

May Prices: Lafayette vs. Surrounding Areas

Rent Prices in Lafayette and Surrounding Areas

Rent prices have increased in Lafayette over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lafayette suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Lafayette suburbs

  • Rents did not decrease in any of the Lafayette suburbs.

May 2025 Pricing Trends: Lafayette vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,098
$3,173
$2,343
$2,342
$1,887
$1,310
$1,243
$1,230
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Lafayette Rent Prices More Affordable Than Major Cities

Rent growth in Lafayette over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Lafayette average rent prices appear to be relatively affordable for local residents.

The price for a Lafayette one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lafayette and surrounding area rent prices, take a look at the complete data set below.

Data set for Lafayette and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.