Lafayette 70506 Area at a glance
Rent snapshot
| Layout | Median market rent |
|---|---|
| Studio | $830 |
| 1 Bedroom | $895 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $2,180 |
Market rent is the median across apartments and single-family homes (RentCast / Zillow / ACS); actual rent varies with age, condition and furnishing.
Renting here: process and checklist
- Budget rule：Most landlords require gross monthly income of at least 3x rent and a credit score around 600+.
- Application documents：Photo ID, proof of income (pay stubs / bank statements / employer letter), rental history and references.
- Security deposit：Louisiana sets no statutory cap; one month's rent is the common practice, returned within the statutory window or itemized.
- Lease term：12 months is standard. Short-term leases typically carry a 10%–20% premium.
- Utilities and internet：Tenants usually pay utilities (Lafayette Utilities System) and internet; for single-family homes, confirm who handles lawn care.
- Insurance：The landlord's policy does not cover your belongings — renter's insurance is strongly recommended, plus flood insurance in mapped zones.
- Pets：Most listings allow pets with a deposit (often $300–$500) and/or monthly pet rent; confirm breed and weight limits up front.
Landlord view: how rentable is this ZIP
- Pricing：Median market rent across layouts here is about $1,400/month, while active listings ask about $1,600/month — asking prices run above closed statistics, so calibrate against real showing feedback.
- Vacancy：Vacancy here is roughly 6.4%, in line with the national average. At the median rent, every vacant month costs about $1,400.
- Dominant layouts：Rentals in this ZIP skew two- and three-bedroom; a three-bedroom commands about $1,650/month and draws the deepest family-renter pool.
- Renter pool：The University of Louisiana at Lafayette (~19k students) plus healthcare and energy employers form the core demand; the academic calendar visibly shapes leasing velocity.
- Timing：Aim listings at May–August (academic turnover) and December–January; budget longer vacancy in off-season months.
School district and public schools
Lafayette Parish School System — SchoolDigger ranks the district 27th of 118 in Louisiana (4 stars) https://www.lpssonline.com/
| School | Grades | Rating | Note |
|---|---|---|---|
| Myrtle Place Elementary School | PK–5 | 8/10 | 5 星 · 全州小学第 20/666 |
| Woodvale Elementary School | PK–5 | 8/10 | — |
| S.J. Montgomery Elementary School | PK–5 | 5/10 | — |
| L.J. Alleman Middle School | 6–8 | 9/10 | — |
| Lafayette Middle School | 6–8 | 4/10 | — |
| Lafayette High School | 9–12 | 7/10 | 1,720 名学生 |
| Acadiana High School | 9–12 | — | 1,652 名学生 |
| Early College Academy | 9–12 | — | 5 星 · 全州高中第 1/329 |
School ratings are third-party public data (GreatSchools / SchoolDigger) provided for reference only and are not an assessment of school or neighborhood quality. Verify enrollment eligibility and boundaries with Lafayette Parish School System.
Amenities and transit
- University of Louisiana at Lafayette (UL Lafayette)：State university with ~19k students — one of the area's largest renter pools
- Downtown Lafayette：Dining and nightlife cluster, roughly 8 minutes by car
- Ambassador Caffery Pkwy corridor：Main retail corridor with grocers, dining and shopping
- Ochsner Lafayette General Medical Center：Major regional hospital
- Lafayette Regional Airport (LFT)：~12 minutes by car; connects to Houston and Atlanta
FAQ
Is there a cap on security deposits?
Louisiana has no statutory cap; one month's rent is the common practice. On move-out the landlord must return the deposit within the statutory window or provide an itemized list of deductions.
What if my income is below 3x rent?
Offer a guarantor, prepay several months, or target a lower-priced layout or a shared rental. Some landlords accept a larger deposit instead.
Are short-term leases available?
Yes, but leases under 12 months typically carry a 10%–20% premium and far fewer options.
Are utilities included?
For most houses and townhomes the tenant pays utilities and internet; some apartments include water or trash. Confirm in the lease.
Do I need renter's insurance?
Not legally required, but strongly recommended — the landlord's policy does not cover your personal property, and coverage is inexpensive.
Renting in a flood zone?
Check the FEMA flood zone for the address. Even if the landlord is insured, your own belongings need separate flood coverage.
Renting or letting in Lafayette 70506?
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Data on this page comes from public sources including Zillow, Realtor.com, RentCast, HUD SAFMR, U.S. Census ACS, SchoolDigger and GreatSchools, as of 2026-09-21. Figures are statistical estimates and may differ from any individual property. School ratings are third-party data provided for reference only and are not an evaluation of any school or neighborhood; verify attendance boundaries with the district. This page is general information and is not legal, tax or investment advice.