
Cheap Homes for Rent in Alamo, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Alamo.


5 Grace St

1818 Michigan St

2000 Indianapolis Rd

18 Indiana St

218 Tennessee Ave
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.

136 S Griffin St

917 E Seminary St

2809 E Main St

512 N Griffin St

2835 Plaza Ln

25 W Collins St
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.

Remodeled 2 Bedroom Duplex
Alamo, IN Local Guide

How much does it cost to rent a home in Alamo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alamo 2 Bedroom Homes for Rent | $1,095 | $625 | $1,625 |
| Alamo 3 Bedroom Homes for Rent | $1,622 | $850 | $2,559 |
| Alamo 4 Bedroom Homes for Rent | $2,431 | $2,295 | $2,700 |
Browse Top Homes for Rent in Alamo
Explore Alamo
Alamo, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wabash Shore Apartments | 1BR/1.0BA | 1BR,1BA | $599 |
| Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $717 |
| The Grove | 1BR | 1BR,1BA | $816 |
| Pheasant Run | The Quail Run 1 BR 1 BA | 1BR,1BA | $845 |
| Cloverdale Heights | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes on Main | 3x2-80% | 3BR,2BA | $0.81 |
| EVER West Lafayette | 4BR - D1 | 4BR,4BA | $1.19 |
| Deerfield Commons Apartments | Tecumseh | 3BR,1.5BA | $1.33 |
| Cross Winds Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.17 |
| Shadeland Estates | (Adventure) Shadeland Estates New Homes 3bd/2bt... | 3BR,2BA | $1.14 |
| Cypress Square | B1 | 2BR,1BA | $1.33 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.31 |
| The Grove | 2BR | 2BR,1BA | $1.35 |
| 271 | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Wabash Shore Apartments | 1BR/1.0BA | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alamo, IN Rentals by Map
See the most popular apartments and homes in Alamo, IN
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

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.

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.

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.

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.