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Apartments for Rent in Indiana under $500
29 Rentals Available

  • Top Rated for Location
    Today

    802 N. 9Th Street, Lafayette, IN 47906
    Contact for availability
    • 1 BED
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  • Today

    201 S Detroit St, Warsaw, IN 46580
    Contact for availability
    • 1 BED
    • 2 BEDS
    • $468
    • $446
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  • Today

    201 E. Commercial St., Hartford City, IN 47348
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    • Studio
    • 1 BED
    • 2+ BEDS
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  • Today

    200 S. Sixth Street, Terre Haute, IN 47807
    14 Units available
    • 1 BED
    • 2 BEDS
    • 3 BEDS
    • $323
    • $385+
    • $440+
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  • Today

    4700 East Riverside Drive, Evansville, IN 47714
    2 Units available
    • 1 BED
    • $489
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  • 1 day ago

    985 Boundary Pike, Portland, IN 47371
    Available
    • 1 BED
    • $468
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  • 1 day ago

    1749 Commerce Ct, Logansport, IN 46947
    Available
    • 1 BED
    • $497
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  • Today

    2025 West Columbia Street, Evansville, IN 47712
    3 Units available
    • 1 BED
    • $475
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  • 1 day ago

    1534 East Dodge St., Kokomo, IN 46902
    Available
    • 1 BED
    • 2 BEDS
    • $303+
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  • 503 days ago

    3615 Sherman Forest Drive, Indianapolis, IN 46205
    Contact for availability
    • Studio
    • 1 BED
    • $359
    • $429
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  • Top Rated for Value
    1 day ago

    111 North Harrison St, Shelbyville, IN 46176
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    • 1 BED
    • $450
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    • Studio
    • 1
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    • 3
    • 4+
  • 1 day ago

    401 West Oak Street, Union City, IN 47390
    Available
    • 1 BED
    • 3 BEDS
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12-0-state

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 53 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 853 Sq.Ft., 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!