Cheap Apartments for Rent in Anderson, IN from $300 (95 Rentals)

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

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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1317 Main St, Unit A
$725
Total Monthly Price

Total Monthly Price

Base Rent
$725
Total Monthly Price
$725
2 Bedroom Apartment Available Now

1317 Main St, Unit A

1317 Main StAnderson, IN 46016
Cost Per Sq.Ft.
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property at 711 W 22nd St

$750 - $950

1 To 2 Bedroom Rentals

Available Now

711 W 22nd St

AndersonIN46016

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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property at 2528 Lincoln St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 15

2528 Lincoln St

AndersonIN46016
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917 E 8th St, Unit 2
$825
Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825
2 Bedroom Apartment Available Now

917 E 8th St, Unit 2

917 E 8th StAnderson, IN 46012
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618 Henry St, Unit 618
$825
Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825
1 Bedroom Apartment Available Now

618 Henry St, Unit 618

618 Henry StAnderson, IN 46016
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property at 2418 W 18th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

2418 W 18th St

AndersonIN46016

Cash 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.

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property at 2904 Lincoln St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

2 Bedroom, 1 Bath Home for Rent

Available Now

2904 Lincoln St

AndersonIN46016
property at 319 Lincoln St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

319 Lincoln St

AndersonIN46016

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.

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property at 1118 E 27th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1118 E 27th St

AndersonIN46016
property at 511 E 7th St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

511 E 7th St

AndersonIN46012

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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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. Courtyard Village Apartments in the Anderson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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
Courtyard Village Apartments1x11BR,1BA$600
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Anderson, IN

As of July 12, 2026 the best value apartment in the Anderson area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the in the Anderson neighborhood starting from $1,300. The second greatest value Anderson apartment is the 3x1.5 R-Prem Model at Villages on Madison Apartments starting at $1,390 with a $1.06 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.
Sun Valley TownhomesTownhouse3BR,2.5BA$0.92
Villages on Madison Apartments3x1.5 R-Prem3BR,1.5BA$1.06
Courtyard Village Apartments2x1.52BR,1.5BA$1.21
903 College Dr, Unit 1903 College Dr2BR,2BA$0.90
1317 Main St, Unit A1317 Main St2BR,1BA$0.86
Hoosier Woods1X1 60%1BR,1BA$1.20
2009 George St, Unit 22009 George St1BR,1BA$1.04
1807 Meridian St1807 Meridian St2BR,1BA$1.18
2208 Hendricks St, Unit 32208 Hendricks St1BR,1BA$1.03
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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Quick Rent Budget Calculator

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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.

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

Explore Anderson, IN Rentals by Map

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See the most popular apartments and homes in Anderson, IN

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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 $872 at Hoosier Woods.

What is the most affordable Anderson Three Bedroom Apartment?

The best deal on a cheap Anderson Three Bedroom Apartment rental is at Hoosier Woods and starts from $1,008.

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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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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.