Cheap Apartments for Rent in Anderson, IN from $600 (86 Rentals)

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

property at 924 W 5th St

$600 - $675

1 Bedroom Rentals

Available Now

924 W 5th St

AndersonIN46016

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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property at 711 W 22nd St

$650 - $875

1 To 2 Bedroom Rentals

Available Now

711 W 22nd St

AndersonIN46016
property at 2316 Walnut St

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725
Total Monthly Price
$725

1 Bedroom, 1 Bath Home for Rent

Available Now

2316 Walnut St

AndersonIN46016

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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618 Henry St, Unit 618
$775
Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775
1 Bedroom Apartment Available Now

618 Henry St, Unit 618

618 Henry StAnderson, IN 46016
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property at 813 E 29th St

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Now

813 E 29th St

AndersonIN46016
property at 615 W 29th St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

2 Bedroom, 1 Bath Townhome for Rent

Available Now

615 W 29th St

AndersonIN46016

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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property at 1902 McKinley St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

1902 McKinley St

AndersonIN46016

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1925 Euclid Dr

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1925 Euclid Dr

AndersonIN46011
property at 1120 W 4th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

1120 W 4th St

AndersonIN46016
property at 1327 Arrow Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

1327 Arrow Ave

AndersonIN46016
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Central Schools
1 to 2 Bedroom Apartments

Central Schools

2120 Central AveAnderson, IN 46016
Senior Living
  • Utilities Included
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Parq on 8th Apartments
Studio to 3 Bedroom Apartments

Parq on 8th Apartments

1829 E 8th StAnderson, IN 46012
  • Utilities Included

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.

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Anderson, IN Local Guide

Cheapest Available Anderson Apartments for Rent

 

The cheapest available apartment rental in Anderson, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior in the Anderson neighborhood priced from $250. 602-610 Meridian in the Anderson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Anderson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
602-610 Meridian1BR/1.0BA1BR,1BA$725
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
4415 Columbus Ave2BR/1.0BA2BR,1BA$800

Best Value Apartments for Rent in Anderson, IN

As of August 26, 2026 the best value apartment in the Anderson area is the $1.21 price per square foot 2x1 Model at 1212 Meridian Flats in the in the Anderson neighborhood starting from $1,170. The second greatest value Anderson apartment is the 2X2 60% Model at Hoosier Woods starting at $980 with a $1.04 price per square foot in the Anderson neighborhood. Here is today’s list of the best values for Anderson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1212 Meridian Flats2x12BR,1BA$1.21
Hoosier Woods2X2 60%2BR,2BA$1.04
4415 Columbus Ave2BR/1.0BA2BR,1BA$1.00
430 W 7th St, Unit 430430 W 7th St2BR,1BA$0.96
123 Franklin St, Unit B123 Franklin St1BR,1BA$1.23
618 Henry St, Unit 618618 Henry St1BR,1BA$1.19
602-610 Meridian1BR/1.0BA1BR,1BA$1.12
2009 George St2009 George St1BR,1BA$1.04
1807 Meridian St, Unit #21807 Meridian St2BR,1BA$1.05
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,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.

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

Explore Anderson, IN Rentals by Map

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Frequently Asked Questions about Cheap Anderson Apartments

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Anderson is starting from $800 at 4415 Columbus Ave.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.