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Apartments for Rent in Indiana under $500

46 Rentals Available
Apartments for Rent in Indiana under $500. 46 Rentals Available
  • a living room with a pool table and couches
    159
    Today

    4700 East Riverside Drive, Evansville, IN 47714
    1 BED $489
  • a living room with a large clock on the wall and a table and chairs
    14
    Today

    201 S Detroit St, Warsaw, IN 46580
    Income Restricted
    1 BED $374
    2 BEDS Ask for Pricing
  • a living room with leather couches and chairs
    7
    Today

    1119 N. Main Street, Elkhart, IN 46514
    Income Restricted
    1 BED $359
  • a kitchen with a sink and a refrigerator
    18
    Today

    202 E. Chestnut Street, Hartford City, IN 47348
    STUDIO $450
    1 BED $280
    2 BEDS $400+
  • the front of a brick house with a lawn and a driveway
    135
    Today

    5719 Massachusetts Ave, Indianapolis, IN 46218
    1 BED $500
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  • a large brick building with a lawn in front of it
    25
    Today

    600 W NORTH ST, GREENFIELD, IN 46140
    1 BED $470+
  • a building with a red awning on the side of a street
    Today

    2800 Dekalb St, Lake Station, IN 46405
    STUDIO $350
  • A living room with a couch, chairs, and a coffee table.
    Today

    210 East Michigan Street, Indianaopolis, IN 46204
    STUDIO $494
  • a living room with a couch and a coffee table
    Today

    2018 Cedar Lane, Franklin, IN 46131
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with couches and a table and a fireplace
    5
    Today

    1491 W. Kilgore Ave, Muncie, IN 47304
    Income Restricted
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • The image is a logo of Vincent Village, INC. with the words family, hope, and community underneath.
    Today

    2814 Holton Avenue, Fort Wayne, IN 46806
    1 BED $300
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  • The image is a logo of Vincent Village, INC. with the words family, hope, and community underneath.
    Today

    3002 Reed Street, Fort Wayne, IN 46806
    2 BEDS $500
  • a kitchen with a sink and a refrigerator in a house
    Today

    401 West Oak Street, Union City, IN 47390
    2 BEDS Ask for Pricing
  • this is a picture of the front of the building
    6
    Today

    619 N 9Th Street, Lafayette, IN 47904
    STUDIO $427
  • A modern kitchen with a dining table and chairs.
    Today

    2525 Durbin Street, Warsaw, IN 46580
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a white building with a red car parked in front of it
    Today

    6893-6981 N Patterson Rd, Solsberry, IN 47459
    STUDIO $350
    2 BEDS $350
    3 BEDS $300
  • A living room with a brown couch and a ceiling fan.
    Today

    1200 Mallard Drive, Michigan City, IN 46360
    2 BEDS Ask for Pricing
  • A logo with the text "WATERVIEW APARTMINIS" in front of it.
    Today

    1200 Sycamore Estates Drive, Lawrenceburg, IN 47025
    1 BED $494
  • a kitchen with a sink and a counter top
    33
    Today

    1495 North Webster, Kokomo, IN 46901
    Income Restricted
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room with two chairs and a television
    Today

    14700 Davis Drive, Daleville, IN 47334
    Income Restricted
    2 BEDS $469
  • a living room with a wood floor and a rug and a room with couches
    Today

    625 W Washginton Street, South Bend, IN 46601
    Income Restricted
    STUDIO $485+
  • a view of a kitchen with granite counter top and black appliances
    Today

    600 E. Chestnut Street, Corydon, IN 47112
    Income Restricted
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
  • a living room with couches and a television in a building
    Today

    104 N 1St Street, Vincennes, IN 47591
    Income Restricted
    1 BED Ask for Pricing
  • a kitchen with a stove and a sink
    Today

    1328 Dresden Street, Evansville, IN 47710
    Income Restricted
    STUDIO Ask for Pricing
  • A two-story building with a sign that says Spring Town.
    6
    Today

    160 S Main St, Marengo, IN 47140
    1 BED $51
27-0-state
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Getting around in Indiana, IN

1 /100
Car-Dependent
27 /100
Somewhat Bikeable
Walk Score®: 1, Bike Score®: 27

Frequently asked questions

When were prices and availability in Indiana last updated?

Prices and availability in Indiana were last updated on 27 Nov 2025.

What are the best apartments in Indiana?

The best apartments in Indiana are: Lawrence Landing, Thompson Village Apartments, Quarry at River North, Wood Creek Apartments and Ivy Green.

What type of rental buildings are in Indiana?

In Indiana, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 8% of Indiana’s rentals, 54% are small-scale complexes with under 50 units, and 34% 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 46 available units in Indiana, renting for under $500. On average, $479 can get you 1,146 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 $280 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.

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