
Cheap Apartments for Rent in Alexandria, IN from $300 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Alexandria.


The Towers at Southdale Affordable Senior

River Landing Apartments
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.

Bay Terrace Apartments

Hoosier Woods Apartments

The Cedars

1712 Jefferson St
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

How much does it cost to rent an apartment in Alexandria?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Alexandria Studio Apartments | $773 | $650 | $900 |
Alexandria 1 Bedroom Apartments | $907 | $250 | $1,800 |
Alexandria 2 Bedroom Apartments | $1,122 | $670 | $1,850 |
Alexandria 3 Bedroom Apartments | $1,122 | $539 | $2,515 |
Alexandria 4 Bedroom Apartments | $535 | $350 | $1,180 |
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Alexandria, IN Local Guide
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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 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 | $510 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Four Winds Apartments | 3 Bed 1.5 Bath | 3BR,1.5BA | $1.13 |
Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.89 |
Cedar Ridge Townhomes | The Willow | 2BR,1BA | $1.21 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
201 N Lincoln Ave, Unit 3 | 201 N Lincoln Ave | 1BR,1BA | $1.09 |
317 N Harrison St, Unit .5 | 317 N Harrison St | 1BR,1BA | $1.19 |
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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
Getting Around Alexandria, IN
Walk Score®
29 / 100
Car-Dependent
Most errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.