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Lafayette is ranked the state's most expensive place to rent

According to Acadiana Regional Coalition on Homelessness and Housing (ARCH), a person would have to make more than $18 an hour to be able to afford to pay rent here.

Posted: Oct 7, 2021 10:15 PM

LAFAYETTE, LA (KADN)- Finding an affordable apartment or home to rent may seem like a hard task for those looking for somewhere to live in the Hub city. Lafayette is ranked the state’s most expensive place to rent for September, even higher than New Orleans.

According to Acadiana Regional Coalition on Homelessness and Housing (ARCH), a person would have to make more than $18 an hour to be able to afford to pay rent here.

“Lafayette's rent is the highest in Louisiana and then if we zoom out and we look at Louisiana. That's $17.82 an hour to afford a two-bedroom rental without paying more than a third of your income on housing which is the general rule and so to think that lafayette is even higher than that is, is, you know, something that we really need to be discussing,” Elsa Dimitriadis, the CEO of ARCH, said.

According to apartmentlist.com, renters in lafayette are paying the highest amount of monthly rent in Louisiana. Dimitriadis believes the COVID-19 pandemic plays a role in this, but hurricane season does as well.

“ Even when we're spared, but our neighbors aren't they come to this area to relocate you know either temporarily or permanently. When people vacate landlords tend to increase their prices for new tenants, and they often have several people now who are applying for the same property because we've had this influx of new residents,” she said.

The average amount to rent a one-bedroom apartment in Lafayette is $1,050.

“ 34% of people in Louisiana are at risk of eviction. That's a third of people in Louisiana, it's the fifth-highest in the country,” she said.

According to Dimitriadis, the lack of affordable housing can lead to homelessness.

“These are people of Acadiana who are struggling and so while we know that know many landlords use their rental properties as personal income to really consider whether or not right now is the time that they need to increase their rental prices,” she said.

The average rent for a one-bedroom apartment for places like Shreveport, Baton Rouge, and New Orleans is all under $1,000.

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