Lafayette Parish, LA

2024 Fair Market Rents

Tags: 2024 Lafayette, LA HUD Metro FMR Area

Return to the state page to see where Louisiana ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Lafayette Parish are Lafayette, Breaux Bridge, Carencro, and Maurice. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Lafayette Parish use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Lafayette Parish is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Lafayette Parish compare?

Lafayette Parish ($1,034) has a 2.4% higher FMR for 2-Bedroom housing than the average of Louisiana ($1,010) and therefore a higher gross rent.

Lafayette Parish is rank 17th out of 64 counties. This means the FMRs, or in other words, the gross rent is higher than 47 other counties. Lafayette Parish is the 17th most expensive county in terms of FMRs.

Rent Tables Lafayette Parish, LA

Fair Market Rent (40th Percentile)

$701
studio
$921
1-Bedroom
$1,034
2-Bedroom
$1,344
3-Bedroom
$1,755
4-Bedroom

Median Rent (50th Percentile)

$742
studio
$975
1-Bedroom
$1,095
2-Bedroom
$1,423
3-Bedroom
$1,858
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
70501 $0 $880 $990 $1,290 $1,680
70502 $0 $940 $1,050 $1,360 $1,780
70503 $0 $1,090 $1,220 $1,590 $2,070
70504 $0 $940 $1,050 $1,360 $1,780
70505 $0 $940 $1,050 $1,360 $1,780
70506 $0 $930 $1,040 $1,350 $1,760
70507 $0 $880 $990 $1,290 $1,680
70508 $0 $1,080 $1,210 $1,570 $2,050
70509 $0 $940 $1,050 $1,360 $1,780
70517 $0 $830 $930 $1,210 $1,580
70520 $0 $820 $920 $1,200 $1,560
70555 $0 $910 $1,020 $1,350 $1,510
70558 $0 $1,030 $1,150 $1,510 $1,830
70596 $0 $940 $1,050 $1,360 $1,780
70598 $0 $940 $1,050 $1,360 $1,780
70555 $0 $910 $1,020 $1,350 $1,510
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
70501 $603 $792 $891 $1,161 $1,512
70502 $639 $846 $945 $1,224 $1,602
70503 $747 $981 $1,098 $1,431 $1,863
70504 $639 $846 $945 $1,224 $1,602
70505 $639 $846 $945 $1,224 $1,602
70506 $630 $837 $936 $1,215 $1,584
70507 $603 $792 $891 $1,161 $1,512
70508 $738 $972 $1,089 $1,413 $1,845
70509 $639 $846 $945 $1,224 $1,602
70517 $567 $747 $837 $1,089 $1,422
70520 $558 $738 $828 $1,080 $1,404
70555 $630 $819 $918 $1,215 $1,359
70558 $711 $927 $1,035 $1,359 $1,647
70596 $639 $846 $945 $1,224 $1,602
70598 $639 $846 $945 $1,224 $1,602
70555 $630 $819 $918 $1,215 $1,359
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
70501 $737 $968 $1,089 $1,419 $1,848
70502 $781 $1,034 $1,155 $1,496 $1,958
70503 $913 $1,199 $1,342 $1,749 $2,277
70504 $781 $1,034 $1,155 $1,496 $1,958
70505 $781 $1,034 $1,155 $1,496 $1,958
70506 $770 $1,023 $1,144 $1,485 $1,936
70507 $737 $968 $1,089 $1,419 $1,848
70508 $902 $1,188 $1,331 $1,727 $2,255
70509 $781 $1,034 $1,155 $1,496 $1,958
70517 $693 $913 $1,023 $1,331 $1,738
70520 $682 $902 $1,012 $1,320 $1,716
70555 $770 $1,001 $1,122 $1,485 $1,661
70558 $869 $1,133 $1,265 $1,661 $2,013
70596 $781 $1,034 $1,155 $1,496 $1,958
70598 $781 $1,034 $1,155 $1,496 $1,958
70555 $770 $1,001 $1,122 $1,485 $1,661

Fair Market Rents on this page apply to the following cities in Lafayette Parish, Louisiana: Lafayette, Breaux Bridge, Carencro, Maurice, and Milton.

These Fair Market Rents also apply to the following ZIP codes in Lafayette Parish, Louisiana: 70506, 70508, 70501, 70503, 70517, 70520, 70507, 70555, 70509, 70505, 70596, 70598, 70502, 70558, and 70504.

Lafayette Parish, LA is considered part of the following metro FMR area: LAFAYETTE, LA HUD METRO FMR AREA.

Other counties in the same metro FMR area are: St. Martin Parish, LA.

More on Lafayette Parish, LA

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Fair Market Rents are published by the Department of Housing And Urban Development.