Affordable Housing In Lafayette Parish
Louisiana

47 Low Income Apartment Communities In Lafayette Parish

Moss Gardens

411 Sonny St
Lafayette, Louisiana
Income Based
1-2 BR
Subsidized

Grand Point Apartments

336 Prejean Rd
Carencro, Louisiana
Income Based
2 BR
Subsidized

Beau Maison

103 Elliott Dr
Lafayette, Louisiana
Call For Rent
2-4 BR

Bayberry Point

406 Jessica St
Lafayette, Louisiana

Acadian Manor

201 Jeffrey Dr
Lafayette, Louisiana

Acadian Manor

201 Jeffrey Drive
Lafayette, Louisiana
Call For Rent
1-3 BR
Subsidized

The Bradford

173 Beadle Rd
Lafayette, Louisiana

Maison Desprit

216 Landmark St
Lafayette, Louisiana
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Madeline Place

216 Hudson Ln
Lafayette, Louisiana

Victory Village

102 Van Buren Dr
Lafayette, Louisiana
Subsidized

Guide To Affordable Housing in Lafayette Parish, Louisiana

There are 47 low income housing apartment communities offering 3,696 affordable apartments for rent in Lafayette Parish, Louisiana.

Income Based Apartments in Lafayette Parish, Louisiana

Lafayette Parish features 2,611 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Lafayette Parish, Louisiana

There are 1,085 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lafayette Parish.

Housing Choice Vouchers in Lafayette Parish, Louisiana

On average, Section 8 Housing Choice vouchers pay Lafayette Parish landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Lafayette Parish.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lafayette Parish, Louisiana for a two-bedroom apartment is between $801 and $979.

2022 Lafayette Parish, Louisiana Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Lafayette Parish, Louisiana Fair Market Rent $608 $781 $890 $1,202 $1,387
Lafayette Parish, Louisiana Payment Standard Range $547 to $669 $703 to $859 $801 to $979 $1,082 to $1,322 $1,248 to $1,526

Sourced from federal housing data and AffordableHousingOnline.com research.

Lafayette Parish, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 47
Total Low Income Apartments 3,696
Total Housing Units with Rental Assistance 2,611
Percentage of Housing Units Occupied By Renters 35.64%
Average Renter Household Size 2.39
Average Household Size 2.55
Median Household Income $51,869 ±$995
Median Rent $781 ±$15
Percentage Of Renters Overburdened 43.28% ± 2.64pp
Total Population 231,811

Population and Household Demographics

Lafayette Parish is a county in Louisiana with a population of 231,811. There are 88,995 households in the county with an average household size of 2.55 persons. 35.64% of households in Lafayette Parish are renters.

Income and Rent Overburden in Lafayette Parish

The median gross income for households in Lafayette Parish is $51,869 a year, or $4,322 a month. The median rent for the county is $781 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lafayette Parish, a household making less than $2,603 a month would be considered overburdened when renting an apartment at or above the median rent. 43.28% of households who rent are overburdened in Lafayette Parish.

Area Median Income In Lafayette Parish

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Lafayette Parish, HUD calculates the Area Median Income for a family of four as $72,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lafayette Parish

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Lafayette Parish

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lafayette Parish AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Lafayette Parish AMI may qualify for rental assistance programs that target Very Low Income households.
$23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% AMI Income Limits
Renters earning up to 80% of the Lafayette Parish AMI may qualify for rental assistance programs that target Low Income households.
$38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250

Cities In Lafayette Parish

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Broussard
Carencro
Lafayette The HUD funded Public Housing Agency that serves Lafayette is the Lafayette Housing Authority.
Milton
Ossun
Scott
Youngsville