Nearly 400 single family rentals are planned for Lafayette. It may hardly move the needle on the demand 

In Lafayette, single family homes available for rent are nearly nonexistent. Among the 530 properties managed by Keaty Real Estate, at one point in mid-May only 16 were available, property manager Amy Green said. Several landlords over the past two years got out of the rental business and sold their properties, shrinking the supply of properties.

Source: theadvocate.com