
Cheap Homes for Rent in Alamo, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Alamo.


630 S 15th St

2835 Plaza Ln

25 W Collins St
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.

3 Bedroom House!

101 Aspen Dr

2 Bedroom House W/ Garage!

3 Bedroom Home
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.

549 S 3rd St
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 | $1,202 | $985 | $1,625 |
| Alamo 3 Bedroom Homes for Rent | $1,709 | $999 | $2,600 |
| Alamo 4 Bedroom Homes for Rent | $1,725 | $1,725 | $1,725 |
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 Brookhaven priced from $717. Pheasant Run has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Alamo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $717 |
| Pheasant Run | The Retriever Studio | Studio,1BA | $750 |
| The Grove | 1BR | 1BR,1BA | $783 |
Best Value Apartments for Rent in Alamo, IN and Nearby
As of May 06, 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 2 Bed/2 Bath Vaulted Model at Southern Winds Apartments starting at $1,300 with a $1.20 price per square foot . 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 |
| Southern Winds Apartments | 2 Bed/2 Bath Vaulted | 2BR,2BA | $1.20 |
| Shadeland Estates | (Clayton) Shadeland Estates New Homes 3bd/2bth ... | 3BR,2BA | $1.20 |
| Cypress Square | B1 | 2BR,1BA | $1.33 |
| Windemere Apartments | 2 bed 1 bath Renovated | 2BR,1BA | $1.35 |
| Twyckenham Apartments | Two bedroom | 2BR,1BA | $1.36 |
| Cross Winds Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.31 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.31 |
| The Grove | 2BR | 2BR,1BA | $1.30 |
| Waveland Place Apartments | 1BD/1BA | 1BR,1BA | $1.29 |
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 $2,999. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alamo ranging from $695 to $2,600.
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 $695 to $2,600 with an average monthly rent of $1,404.
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 $2,399, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $615.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.