
Cheap Homes for Rent near Alexandria, IN from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Alexandria.


223 E 11th St

517 W 2nd St

1022 W 1st St

517 S Coventry Dr
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.

1550 Raible Ave

1310 W 13th St

2324 Chase St

1807 Raible Ave

505 W 21st St
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.
Alexandria, IN Local Guide

How much does it cost to rent a home in Alexandria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alexandria 2 Bedroom Homes for Rent | $993 | $800 | $1,395 |
| Alexandria 3 Bedroom Homes for Rent | $1,394 | $1,000 | $2,875 |
| Alexandria 4 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
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Explore Alexandria
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| Muncie Varsity House | 3 Bed, 3 Bath Plus | 3BR,3BA | $569 |
| Applegate | Studio Open - 288 sqft | Studio,1BA | $680 |
Best Value Apartments for Rent in Alexandria, IN and Nearby
As of August 04, 2026 the best value apartment in the Alexandria area is the $1.12 price per square foot 3x1.5 R Model at Canterbury Townhomes in the in the Westacres neighborhood starting from $1,460. The second greatest value Alexandria apartment is the WM 3x2 R Model at Walnut Manor Apartments starting at $1,345 with a $1.22 price per square foot in the North Muncie 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. |
|---|---|---|---|
| Canterbury Townhomes | 3x1.5 R | 3BR,1.5BA | $1.12 |
| Walnut Manor Apartments | WM 3x2 R | 3BR,2BA | $1.22 |
| Silvertree Communities | Linden Place | 3BR,2BA | $0.81 |
| 1212 Meridian Flats | 2x1 | 2BR,1BA | $1.21 |
| Fox Brook Apartments | 2x1 R | 2BR,1BA | $1.21 |
| Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.67 |
| Hoosier Woods | 1X1 60% | 1BR,1BA | $1.20 |
| 317 N Harrison St, Unit B | 317 N Harrison St | 2BR,1BA | $1.14 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
| 317 1/2 N Harrison St, Unit 1/2 | 317 1/2 N Harrison St | 1BR,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.
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.
Best Local Schools in Alexandria, IN
Alexandria-Monroe Junior/Senior School
Alexandria-Monroe Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Alexandria
What type of rentals are currently available in Alexandria?
There are currently 57 Apartments for Rent in Alexandria, IN with pricing that ranges from $250 to $1,875. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alexandria ranging from $800 to $2,875.
What is the current price range for Rental Homes in Alexandria?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alexandria ranges from $800 to $2,875 with an average monthly rent of $1,168.
How much are larger Three and Four Bedroom Rentals in Alexandria?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Alexandria range from $410 to $1,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,875. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $449.
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

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.

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.

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.

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.