Cheap Apartments for Rent in Alexandria, IN from $300 (8 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Alexandria, IN Local Guide

Cheapest Available Alexandria Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alexandria, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549

Best Value Apartments for Rent in Alexandria, IN and Nearby

As of June 21, 2025 the best value apartment in the Alexandria area is the $1.13 price per square foot 3 Bed 1.5 Bath Model at Four Winds Apartments in the starting from $1,240. The second greatest value Alexandria apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.12 price per square foot . Here is today’s list of the best values for Alexandria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Four Winds Apartments3 Bed 1.5 Bath3BR,1.5BA$1.13
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.89
Cedar Ridge TownhomesThe Willow2BR,1BA$1.21
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
201 N Lincoln Ave, Unit 3201 N Lincoln Ave1BR,1BA$1.09
317 N Harrison St, Unit .5317 N Harrison St1BR,1BA$1.19

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

Explore Alexandria, IN Rentals by Map

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Getting Around Alexandria, IN

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Alexandria Apartments

What is the Cheapest Studio apartment in Alexandria?

Currently the most affordable Cheap Studio Apartment in Alexandria is at Applegate listed at $720.

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

The lowest price for a Cheap One Bedroom Alexandria Apartment is $250 at The Towers at Southdale Affordable Senior.

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

Today's best deal for a Cheap Two Bedroom Apartment in Alexandria is starting from $670 at The Haven.

What is the most affordable Alexandria Three Bedroom Apartment?

The best deal on a cheap Alexandria Three Bedroom Apartment rental is at The Haven and starts from $545.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.