Cheap Apartments for Rent near Alamo, IN from $499 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alamo.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Ridge 2
$950

Total Monthly Price

Base Rent$950
Total Monthly Price$950
2 Bedroom Apartments Available Soon

The Ridge 2

1421-1423 Sunset Ridge DrLafayette, IN 47905
Student Housing
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  • Utilities Included
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Townhomes on Main
3 Bedroom Apartments

Townhomes on Main

400 S Market StRockville, IN 47872
Senior Living
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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832
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The Grove
1 to 3 Bedroom Apartments

The Grove

1610 Edgewood DrDanville, IL 61832

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Washington Square
1 to 2 Bedroom Apartments

Washington Square

614 S Washington StCrawfordsville, IN 47933
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2803 S. Beck Lane
Studio to 1 Bedroom Apartments

2803 S. Beck Lane

2803-2807 Beck LnLafayette, IN 47909
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing
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Alamo, IN Local Guide

Cheapest Available Alamo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alamo, IN is a 2 Beds unit found at Sycamore Estates priced from $225. Southfork Apartments in the Discovery Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $499. Here is today’s list of the most affordable Alamo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sycamore EstatesMobile Home Lot2BR, 1BA$225
Southfork Apartments1BR/1.0BA1BR, 1BA$499
Brook Haven ApartmentsStudioStudio, 1BA$525
2712 bedroom/1 bath- rent by the room (female & ma...2BR, 1BA$675
Shadeland Estates2BR/1.0BA2BR, 1BA$770
Wabash Shore Apartments2BR/1.0BA2BR, 1BA$799
Cloverdale Heights1 BR/ 1 BA (includes $30 water sewer trash)1BR, 1BA$890
Georgetown South1 Bedroom1BR, 1BA$900
The VintageStudio-Floorplan BStudio, 1BA$999
Deerfield Commons ApartmentsDigby1BR, 1BA$1,000

Best Value Apartments for Rent in Alamo, IN and Nearby

As of September 20, 2026 the best value apartment in the Alamo area is the $1.39 price per square foot Grand Model at Avalon Bluffs starting from $2,200. The second greatest value Alamo apartment is the Mobile Home Lot Model at Sycamore Estates starting at $225 with a $0.19 price per square foot. Here is today’s list of the best values for Alamo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avalon BluffsGrand3BR, 2BA$1.39
Sycamore EstatesMobile Home Lot2BR, 1BA$0.19
Twyckenham ApartmentsThree bedroom townhome3BR, 1.5BA$1.37
Provenance2x22BR, 2BA$1.33
Vantage Pointe Apartments2x1A R2BR, 1BA$1.23
Southern Winds Apartments1 Bed/1 Bath1BR, 1BA$1.42
Georgetown South2 Bedroom2BR, 1BA$1.31
Cross Winds Apartments1 Bed/1 Bath1BR, 1BA$1.31
Shadeland Estates2BR/1.0BA2BR, 1BA$0.99
2712 bedroom/1 bath- rent by the room (female & ma...2BR, 1BA$1.04

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Alamo, IN Rentals by Map

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Frequently Asked Questions about Cheap Alamo Apartments

What is the Cheapest Studio apartment in Alamo?

Currently the most affordable Cheap Studio Apartment in Alamo is at Brook Haven Apartments listed at $525.

How much is rent for a Cheap One Bedroom Alamo Apartment?

The lowest price for a Cheap One Bedroom Alamo Apartment is $499 at Southfork Apartments.

What is the lowest price for a Cheap Two Bedroom Alamo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alamo is starting from $225 at Sycamore Estates.

What is the most affordable Alamo Three Bedroom Apartment?

The best deal on a cheap Alamo Three Bedroom Apartment rental is at Brook Haven Apartments and starts from $1,000.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.