Rent in West Lafayette, IN
Across West Lafayette's 3 ZIP codes, a 2-bedroom typically rents for about $1,273 a month, with figures from $1,240–$1,273. The highest typical rent is in 47996 ($1,273) and the lowest in 47906 ($1,240). 1 ZIP has 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 | $942 | $942–$1,069 | 3 |
| 1 bed | $1,070 | $1,070–$1,157 | 3 |
| 2 beds | $1,273 | $1,240–$1,273 | 3 |
| 3 beds | $1,517 | $1,350–$1,517 | 3 |
| 4 beds | $2,128 | $1,821–$2,128 | 3 |
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).
West Lafayette ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in West Lafayette, IN?
- About $1,273 a month: the median of the typical rents in 3 ZIP codes, which range from $1,240–$1,273. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in West Lafayette, IN?
- About $1,070 a month: the median of the typical rents in 3 ZIP codes, which range from $1,070–$1,157. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in West Lafayette, IN?
- About $1,517 a month: the median of the typical rents in 3 ZIP codes, which range from $1,350–$1,517. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in West Lafayette, IN?
- About $942 a month: the median of the typical rents in 3 ZIP codes, which range from $942–$1,069. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in West Lafayette, IN?
- About $2,128 a month: the median of the typical rents in 3 ZIP codes, which range from $1,821–$2,128. Figures are gross rent (rent plus tenant-paid utilities).
- Which West Lafayette ZIP code has the highest rent?
- For a 2-bedroom, 47996 has the highest typical rent at $1,273 a month, and 47906 the lowest at $1,240.
- What is the property tax rate in West 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 West Lafayette rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).