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Lafayette, LA

Rent Analysis: Lafayette, LA

Updated 2026 · Based on median market data for Lafayette, LA

Cap Rate
4.83%
Median Price
$210K
Rent/Mo
$1,150
1% Rule
0.55%
Fails

Rent Overview

The median monthly rent in Lafayette, LA is $1,150, translating to $13,800 in annual gross rental income per unit. The rent-to-price ratio is 0.55% — well below the 1% rule, making pure cash flow investing challenging at median prices.

Rent Affordability

Renters in Lafayette spend approximately 27% of the local median household income ($50,200) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.

Vacancy & Tenant Demand

The vacancy rate in Lafayette is 6.4%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.6% annually provides stable demand.

Gross Rent Multiplier

Lafayette's GRM (price divided by annual rent) is 15.2x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.

Rental Income Projection

At the median rent of $1,150/mo, a single-family rental in Lafayette generates approximately $13,800 in gross annual income. After accounting for 6.4% vacancy ($883 lost), property taxes of $1,092, insurance (~$840), and maintenance (~$840), the estimated NOI is $10,145 per year, or $845/mo.

Full Lafayette Analysis →Cap Rate CalculatorBRRRR Calculator

More Lafayette Guides

Rental Property Investment GuideProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

Similar Markets in the South

Jacksonville, NC$210K · $1,200/mo
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Fayetteville, NC$195K · $1,120/mo
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Baltimore, MD$230K · $1,380/mo
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Augusta, GA$180K · $1,050/mo
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Baton Rouge, LA$220K · $1,200/mo
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