Cheap Apartments for Rent in Alexandria, IN from $400 (15 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Harter House
Studio to 1 Bedroom Apartments

Harter House

600 Main StAnderson, IN 46016
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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 in the Anderson neighborhood priced from $250. Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $569. 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
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850

Best Value Apartments for Rent in Alexandria, IN and Nearby

As of August 13, 2026 the best value apartment in the Alexandria area is the $0.51 price per square foot 3BD/3BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $549. The second greatest value Alexandria apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,295 with a $1.22 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.
University Village3BD/3BA Unfurnished Premium3BR,3BA$0.51
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.22
Silvertree CommunitiesLinden Place3BR,2BA$0.81
1212 Meridian Flats2x12BR,1BA$1.21
Fox Brook Apartments2x1 R2BR,1BA$1.21
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Hoosier Woods1X1 60%1BR,1BA$1.20
317 N Harrison St, Unit B317 N Harrison St2BR,1BA$1.14
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
317 1/2 N Harrison St, Unit 1/2317 1/2 N Harrison St1BR,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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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 $569 at Muncie Varsity House.

What is the most affordable Alexandria Three Bedroom Apartment?

The best deal on a cheap Alexandria Three Bedroom Apartment rental is at 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.