Low Income Apartments and Affordable Housing For Rent in Lafayette Parish, LA

Discover affordable housing in Lafayette Parish where there are 110+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Simcoe Development

Simcoe St and Crockett St, Lafayette, Louisiana 70501

bed 1-4

Woodstone Apartment

237 Prejean Road, Carencro, Louisiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Village South Apartments

910 S. Morgan Rd, Broussard, Louisiana

switch_access_shortcut Short Wait

Covington Country Apts

3903 N. University, Carencro, Louisiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Bayou Trace Apts

333 Teljean Rd, Lafayette, Louisiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Acadian Village

301 Prejean Rd, Carencro, Louisiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Eola Manor

1205 Landry Garber Rd, Broussard, Louisiana 70518

switch_access_shortcut Short Wait
accessibility Accessible

402 Hogan Dr

402 Hogan Dr, Lafayette, Louisiana 70506

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

125 Romero St

125 Romero St, Youngsville, Louisiana 70592

payment Subsidized

Elderly - Lillian Rd

422 Connie Cir, Lafayette, Louisiana 70506

payment Subsidized

How To Identify Affordable Housing in Lafayette Parish, Louisiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lafayette Parish, Louisiana
$19.58/hour
$12.33 (+170%) more than Louisiana minimum wage and $12.33 (+170%) more than the Federal minimum wage.
Learn More About Lafayette Parish, Louisiana Affordable Housing ↓

How many renters live in Lafayette Parish, Louisiana?

The County of Lafayette Parish has people living in households.

There are renters living in renter households in this County. Renters make up 31.87 percent of the population living in Lafayette Parish.

What is the rental market like in Lafayette Parish, Louisiana?

There are an estimated housing units in the Lafayette Parish area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lafayette Parish, Louisiana, there are 1.07 rental units.

What is the vacancy rate for rentals in Lafayette Parish?

The rental vacancy rate in Lafayette Parish is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lafayette Parish for each bedroom size?

Occupied Rental Units by Size in Lafayette Parish
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
212 8,011 14,778 12,444 1,687
Occupied Rental Units by Size in Lafayette Parish

A large number of apartments in Lafayette Parish have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lafayette Parish

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $701 to $1,755. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $701
One BR $921
Two BR $1,034
Three BR $1,344
Four BR $1,755
2024 Fair Market Rents in Lafayette Parish, Louisiana

How many units are rented at Fair Market Rent (FMR) in Lafayette Parish?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 133 63 percent
One BR 5,284 66 percent
Two BR 7,521 51 percent
Rental Units Below FMR in Lafayette Parish, Louisiana

How many affordable rental units are in Lafayette Parish?

There are a variety of federal affordable housing programs serving households in Lafayette Parish, Louisiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Lafayette Parish, Louisiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lafayette Parish, Louisiana

Lafayette Parish features 2,463 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 954 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 $931 and $1,137.

Sourced from federal housing data and AffordableHousingOnline.com research.

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