Apartments Under $700 in West Lafayette, IN

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Apartments Under $700 in West Lafayette, IN

Search and browse 852 apartments under $700 available for rent in West Lafayette, IN. With apartments that span the entire city, you will find an apartment in West Lafayette for just the right price. During your search, sort your favorite apartments under $700 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new West Lafayette apartment before you know it.

West Lafayette:
October Rent Report

Welcome to the October 2020 West Lafayette Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the October 2020 key findings and figures for the West Lafayette rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in West Lafayette and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of West Lafayette rent prices in the chart below.

Monthly Rent Report

West Lafayette Rent Prices Increase From September to October

West Lafayette rent prices increased over the last month. From September to October, the city experienced a 2.16% increase for the price of a one-bedroom apartment. The rent price for a West Lafayette one-bedroom apartments currently stands at $897.0.

When we take a look at the two-bedroom comparison from September to October, West Lafayette experienced a -0.75% decrease for the price of a two-bedroom apartment. The rent price for a West Lafayette two-bedroom apartments currently stands at $1,193.0.

October Prices: West Lafayette vs. Surrounding Areas

Rent Prices in West Lafayette and Surrounding Areas

Rent prices have increased in West Lafayette over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the West Lafayette suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Lafayette, IN, Crawfordsville, IN .

  • Rent decreased in Waynetown, IN.

  • 3 suburbs are currently priced lower than the city of West Lafayette.

October 2020 Pricing Trends: West Lafayette vs. National Comparisons

West Lafayette Rent Prices More Affordable Than Major Cities

Rent growth in West Lafayette over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, West Lafayette rent prices appear to be relatively affordable for local residents.

The price for a West Lafayette one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's October 2020 National Apartment Report and data set here.

For more information about West Lafayette and surrounding area rent prices, take a look at the complete data set below.

Data set for West Lafayette and suburbs

1 BR October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
West Lafayette, IN $878.0 1.74% $1,202.0 -0.25%
Lafayette, IN $707.0 0.71% $781.0 0.26%
Crawfordsville, IN $550.0 10.00% $807.0 2.80%
Waynetown, IN $650.0 0.00% $750.0 0.00%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.