Apartments for Rent in Indiana under $500
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1 bd $323+2 bd $383+Base rent Income restricted2600 Elm Street, Terre Haute, IN 47803Apply online • Pet friendly • Fitness center
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1 bd $479+Base rent4.0 (5)600 W NORTH ST, GREENFIELD, IN 46140Apply online • Pet friendly • Fitness center
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1 bd $489Base rent4700 East Riverside Drive, Evansville, IN 47714Pet friendly • Fitness center • Pool
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Only 1 unit leftStudio $200Base rent4.5 (4)2800 Dekalb St, Lake Station, IN 46405Apply online -
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Only 2 units left2 bd $495Base rent117 8Th Street, Logansport, IN 46947Apply online • Pet friendly -
1 bd $323+2 bd $383+Base rent Income restricted2600 Elm Street, Terre Haute, IN 47803Apply online • Pet friendly • Fitness center
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Only 1 unit left2 bd $500Base rent5.0 (1)1304 S. Cooper Street, Kokomo, IN 46902Apply online • Pet friendly -
Only 1 unit left2 bd $500Base rent3002 Reed Street, Fort Wayne, IN 46806Apply online -
1 bd $419Base rent Income restricted713 N Purdum Street, Kokomo, IN 46902Apply online • In unit laundry • Dishwasher
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Only 3 units leftStudio $2371 bd $208+2 bd $250Base rent3.0 (2)717 Franklin Street, Michigan City, IN 46360Pet friendly -
Studio $485+Base rent Income restricted625 W Washginton Street, South Bend, IN 46601Apply online • Pet friendly • In unit laundry
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Ask for PricingIncome restricted4.5 (6)4750 N Lenzy Way, Bloomington, IN 47404Apply online • Pet friendly • Fitness center
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Studio $4211 bd $2442 bd $400+Base rent202 E. Chestnut Street, Hartford City, IN 47348Pet friendly • Dishwasher • Air conditioner
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1 bd $482+Base rent1200 SYCAMORE ESTATES DRIVE, LAWRENCEBURG, IN 47025Fitness center • In unit laundry • Dishwasher
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Ask for pricingIncome restricted307 S. Whitley St., Columbia City, IN 46725Pet friendly • Parking • Fitness center
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Ask for pricingIncome restricted201 S Detroit St, Warsaw, IN 46580Pet friendly • Fitness center • Dishwasher
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Ask for pricingIncome restricted2018 Cedar Lane, Franklin, IN 46131Pet friendly • Parking • Patio/Balcony
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Ask for pricingIncome restricted2525 Durbin Street, Warsaw, IN 46580Pet friendly • Fitness center • Dishwasher
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1 bd $500Base rent4.0 (7)5719 Massachusetts Ave, Indianapolis, IN 46218 -
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1 bd $494Base rent1200 Sycamore Estates Drive, Lawrenceburg, IN 47025Pet friendly -
Ask for pricingIncome restricted5.0 (1)1491 W. Kilgore Ave, Muncie, IN 47304Fitness center • Dishwasher • Extra Storage
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Ask for PricingIncome restricted1119 N. Main Street, Elkhart, IN 46514Parking • Fitness center • Air conditioner
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Studio $500Base rent4.0 (1)4693-4695 State Road 43, Solsberry, IN 47459Pet friendly -
2 bd $873 bd $1294 bd $168Base rent3.5 (2)Meadows Home Owners Assoc Inc, Crown Point, IN 46307Pet friendly
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Studio $3502 bd $3503 bd $300Base rent6893-6981 N Patterson Rd, Solsberry, IN 47459Pet friendly • High Speed Internet
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Frequently asked questions
When were prices and availability in Indiana last updated?
Prices and availability in Indiana were last updated on 12 Jul 2026.
What are the best apartments in Indiana?
The best apartments in Indiana are: 7 Pointe Apartments, The Element @ St Andrews, Lawrence Landing, River 109 and The Sterling.
What type of rental buildings are in Indiana?
In Indiana, 29% of the residents are renting compared to 71% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Indiana's rentals, 55% are small-scale complexes with under 50 units, and 33% are single-family rentals.
Your search for apartments in Indiana under $500 stops here
Finding apartments for rent in Indiana for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 96 available units in Indiana, renting for under $500. On average, $518 can get you 927 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Indiana goes for $129 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.