Cheap Homes for Rent in Alamo, IN from $500 (13 Rentals)

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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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Alamo, IN Local Guide

Cheapest Available Alamo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alamo, IN is a 1 Bed unit found at Wabash Shore Apartments priced from $599. Brookhaven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $717. Here is today’s list of the most affordable Alamo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wabash Shore Apartments1BR/1.0BA1BR,1BA$599
Brookhaven1 Bed/ 1 Bath1BR,1BA$717
The Grove1BR1BR,1BA$816
Pheasant RunThe Quail Run 1 BR 1 BA1BR,1BA$845
Cloverdale Heights1 BR/ 1 BA (includes $30 water sewer trash)1BR,1BA$890

Best Value Apartments for Rent in Alamo, IN and Nearby

As of June 21, 2026 the best value apartment in the Alamo area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Alamo apartment is the 4BR - D1 Model at EVER West Lafayette starting at $1,469 with a $1.19 price per square foot in the Discovery Park neighborhood. 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.
Townhomes on Main3x2-80%3BR,2BA$0.81
EVER West Lafayette4BR - D14BR,4BA$1.19
Deerfield Commons ApartmentsTecumseh3BR,1.5BA$1.33
Cross Winds Apartments2 Bed/2 Bath2BR,2BA$1.17
Shadeland Estates(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.14
Cypress SquareB12BR,1BA$1.33
Georgetown South2 Bedroom2BR,1BA$1.31
The Grove2BR2BR,1BA$1.35
2712BR/1.0BA2BR,1BA$1.07
Wabash Shore Apartments1BR/1.0BA1BR,1BA$1.20

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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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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Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Alamo

What type of rentals are currently available in Alamo?

There are currently 52 Apartments for Rent in Alamo, IN with pricing that ranges from $486 to $2,599. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alamo ranging from $595 to $2,700.

What is the current price range for Rental Homes in Alamo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alamo ranges from $595 to $2,700 with an average monthly rent of $1,496.

How much are larger Three and Four Bedroom Rentals in Alamo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alamo range from $486 to $2,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,559. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $575.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.