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Apartments for Rent in Indiana under $400 – 12 Rentals available

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  • Apartment

    101 S. Pierce St., Portland, IN 47371
    $317
    • Studio-3 Beds
    • 1-2 Baths
    The Woda Group
    (260) 726-6753
  • Apartment

    114 Krider Dr, Middlebury, IN 46540
    $305 - $562
    • 1-2 Beds
    • 1 Bath
    The Woda Group
    (574) 825-5161
  • Apartment

    3601 Colfax Street, Griffith, IN 46319
    $350 - $850
    • Studio-3 Beds
    • 2 Baths
    Blue Lakes Inc
    Available Today!
    (217) 519-3327
  • Apartment

    301 East Wayne Street, Kendallville, IN 46755
    Contact for Pricing
    • 1-2 Beds
    • 1 Bath
    The Woda Group
    (260) 226-9147
  • Apartment

    3833 Hoosier Woods Ct, Anderson, IN 46013
    $326 - $1,006
    • 1-4 Beds
    • 1-2 Baths
    Fore Property Company
    (765) 642-4242
  • Apartment

    820 W 15Th Street, Muncie, IN 47302
    $185 - $600
    • 2 Beds
    • 1 Bath
    CEI Property Services, LLC
    Available Today!
    (260) 225-3952
  • Apartment

    1817 Chester Boulevard, Richmond, IN 47374
    $272 - $701
    • 1-3 Beds
    • 1 Bath
    Powers Properties Investments
    Available Today!
    (765) 993-0717
  • Apartment

    3615 Sherman Forest Drive, Indianapolis, IN 46205
    $359 - $999
    • Studio-4 Beds
    • 1-2.5 Baths
    The Community Builders, Inc.
    (855) 736-8223

Popular Searches

Indiana Demographics

  • Total Population6,614,268
  • Female 3,258,133
    Male 3,356,135
  • Median Age40

Average Rent in Indiana

  • Indiana Average Rental Price, May 2019$874/mo

Indiana Apartment Rent Ranges

  • < $5003%
  • $501-$70026%
  • $701-$1,00048%
  • $1,001-$1,50019%
  • $1,501-$2,0003%
  • > $2,0001%

Indiana Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Indiana $795 $807 $815 $824 $835 $841 $848 $849 $874
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Indiana Households

  • Total Number of Households2,537,189
  • Family 1,664,130
    Non-family 873,059
  • Children 803,968
    No Children 1,733,221
  • Average People Per Household2.56
  • Median Household Income$52,825
  • Median Housing Costs Per Month$745

Indiana Education Statistics

  • No High School4%
  • Some High School41%
  • Some College25%
  • Associate Degree8%
  • Bachelor Degree15%
  • Graduate Degree8%

Apartments in Indiana under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 48 apartments for rent in Indiana on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Indiana is 721 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!