Rent in Lafayette, IN
Across Lafayette's 6 ZIP codes, a 2-bedroom typically rents for about $1,121 a month, with figures from $951–$1,273. The highest typical rent is in 47903 ($1,273) and the lowest in 47901 ($951). 4 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Tippecanoe County pay about 0.62% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $934 | $766–$971 | 6 |
| 1 bed | $1,024 | $809–$1,070 | 6 |
| 2 beds | $1,121 | $951–$1,273 | 6 |
| 3 beds | $1,372 | $1,143–$1,517 | 6 |
| 4 beds | $1,956 | $1,368–$2,128 | 6 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Lafayette ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lafayette, IN?
- About $1,121 a month: the median of the typical rents in 6 ZIP codes, which range from $951–$1,273. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lafayette, IN?
- About $1,024 a month: the median of the typical rents in 6 ZIP codes, which range from $809–$1,070. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lafayette, IN?
- About $1,372 a month: the median of the typical rents in 6 ZIP codes, which range from $1,143–$1,517. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lafayette, IN?
- About $934 a month: the median of the typical rents in 6 ZIP codes, which range from $766–$971. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lafayette, IN?
- About $1,956 a month: the median of the typical rents in 6 ZIP codes, which range from $1,368–$2,128. Figures are gross rent (rent plus tenant-paid utilities).
- Which Lafayette ZIP code has the highest rent?
- For a 2-bedroom, 47903 has the highest typical rent at $1,273 a month, and 47901 the lowest at $951.
- What is the property tax rate in Lafayette, IN?
- Owner-occupied homes in Tippecanoe County pay a typical 0.62% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Lafayette rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).