Lafayette vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 38% cheaper for renters. A 2-bedroom rents for $741/mo vs $1,024/mo in Wilmington — saving $3,396/year.
Rent by Unit Size
| Unit Size | Lafayette | Wilmington | Difference |
|---|---|---|---|
| Studio | $502 | $656 | $154 |
| 1 Bedroom | $626 | $838 | $212 |
| 2 Bedrooms | $741 | $1,024 | $283 |
| 3 Bedrooms | $958 | $1,314 | $356 |
| 4 Bedrooms | $1,134 | $1,459 | $325 |
| Median Income | $38,989 | $52,995 | $14,006 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Lafayette or Wilmington cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $1,024/mo in Wilmington. That's $283/mo or $3,396/year more expensive in Wilmington (38% higher).
What is the 2-bedroom rent in Lafayette vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Lafayette and Wilmington?
The median household income in Lafayette is $38,989/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Lafayette vs Wilmington?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Wilmington it is $656/mo.