FairRentWize

Lafayette Fair Market Rent 2026

HUD Fair Market Rent data for the Lafayette metropolitan area. Median household income: $38,989/year. Vacancy rate: 7.8%.

2BR FMR

$741/mo

Median Income

$38,989

Vacancy Rate

7.8%

Rent Burden

22.8%

Fair Market Rent by Bedroom Size

Studio$502/mo
1 Bedroom$626/mo
2 Bedroom$741/mo
3 Bedroom$958/mo
4 Bedroom$1,134/mo

Affordability Analysis

Based on the 30% rule, a household earning the median income of $38,989/year can afford up to $975/mo in rent.

The 2BR FMR of $741/mo represents 22.8% of median income, which is within the 30% affordability threshold.

Rental Market Conditions

The vacancy rate of 7.8% in Lafayette indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.

Frequently Asked Questions

What is the average rent in Lafayette?

The 2026 HUD FMR for a 2-bedroom in the Lafayette metro area is $741/month. 1BR: $626, 3BR: $958.

What is the vacancy rate in Lafayette?

The rental vacancy rate in Lafayette is 7.8%. A rate below 5% typically indicates a tight rental market.

Is Lafayette affordable for renters?

With a median income of $38,989 and 2BR rent at $741/mo, rent takes about 23% of income in Lafayette.

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