
Cheap Apartments for Rent in Anderson, IN from $300 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Anderson.


Total Monthly Price
Courtyard Village Apartments

Hoosier Woods

2002 Jefferson St

725 W 8th St

Total Monthly Price
1506 Walnut St, Unit 2

3000 Fletcher St

Bay Terrace Apartments
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.

Total Monthly Price
919 W 8th St, Unit B

1413 Walnut St

915 High St

439 W 11th St

Total Monthly Price
921 W 8th St, Unit B

221 E 11th St

Total Monthly Price
2208 Hendricks St, Unit 3

919 Walnut St, Unit B
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.

Central Schools

Parq on 8th Apartments

Castle Noll Properties, LLC

University Square Apartments

The Mint

Bingham Square

Scatterfield Villas

Plumwood Apartments
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.
Anderson, IN Local Guide

How much does it cost to rent an apartment in Anderson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Anderson Studio Apartments | $757 | $625 | $855 |
| Cheap Anderson 1 Bedroom Apartments | $840 | $250 | $1,224 |
| Cheap Anderson 2 Bedroom Apartments | $1,090 | $650 | $1,725 |
| Cheap Anderson 3 Bedroom Apartments | $1,136 | $803 | $1,450 |
| Cheap Anderson 4 Bedroom Apartments | $1,172 | $865 | $1,460 |
Browse Top Apartments in Anderson
See all Apartments in AndersonExplore Anderson
Anderson, IN Local Guide
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Cheapest Available Anderson Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
Best Value Apartments for Rent in Anderson, IN
As of February 26, 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 starting from $1,300. The second greatest value Anderson apartment is the 202 W 3rd St Model at 202 W 3rd St, Unit 1 starting at $950 with a $0.79 price per square foot . Here is today’s list of the best values for Anderson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| 202 W 3rd St, Unit 1 | 202 W 3rd St | 3BR,1BA | $0.79 |
| 2331 Broadway St, Unit .5 | 2331 Broadway St | 3BR,2BA | $0.91 |
| 921 W 8th St, Unit B | 921 W 8th St | 2BR,1BA | $0.70 |
| 4491-4493 N 200 E, Unit 4491 | 4491-4493 N 200 E | 2BR,1BA | $0.95 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $1.04 |
| 919 Walnut St, Unit B | 919 Walnut St | 1BR,1BA | $0.78 |
| 919 W 8th St, Unit B | 919 W 8th St | 1BR,1BA | $0.81 |
| 2208 Hendricks St, Unit 3 | 2208 Hendricks St | 1BR,1BA | $1.20 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Anderson, IN Rentals by Map
See the most popular apartments and homes in Anderson, IN
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 $930 at Villages on Madison Apartments.
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 $898.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.