
Cheap Apartments for Rent in Alexandria, IN from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Alexandria.


The Towers at Southdale Affordable Senior

The Haven

Courtyard Village Apartments

Hoosier Woods
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.

River Landing Apartments

Applegate

Bay Terrace Apartments

1604 W 15th St

309.5 Central Ave
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 Cedars
Alexandria, IN Local Guide

How much does it cost to rent an apartment in Alexandria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alexandria Studio Apartments | $748 | $644 | $900 |
| Alexandria 1 Bedroom Apartments | $920 | $250 | $1,800 |
| Alexandria 2 Bedroom Apartments | $1,085 | $510 | $1,715 |
| Alexandria 3 Bedroom Apartments | $896 | $350 | $1,737 |
| Alexandria 4 Bedroom Apartments | $739 | $350 | $1,871 |
Browse Top Apartments in Alexandria
See all Apartments in AlexandriaExplore Alexandria
Alexandria, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $540. Here is today’s list of the most affordable Alexandria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| The Haven | 4x4 | 4BR,4BA | $540 |
| Courtyard Village Apartments | 622-A | 1BR,1BA | $550 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
| Applegate | Studio | Studio,1BA | $644 |
Best Value Apartments for Rent in Alexandria, IN and Nearby
As of January 24, 2026 the best value apartment in the Alexandria area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,300. The second greatest value Alexandria apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $809 with a $0.62 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Alexandria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Hoosier Woods | 3X2 60% | 3BR,2BA | $0.85 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
| Silvertree Communities | Everbrook Townhomes | 2BR,1.5BA | $0.70 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.08 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.26 |
| Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Best Local Schools in Alexandria, IN
Alexandria-Monroe Intermediate
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alexandria, IN Rentals by Map
See the most popular apartments and homes in Alexandria, IN
Frequently Asked Questions about Cheap Alexandria Apartments
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 $720 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 Yugo Muncie Varsity House and starts from $569.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.