Cheap Apartments for Rent in Anderson, IN from $300 (20 Rentals)

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

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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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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The Mint
1 to 2 Bedroom Apartments

The Mint

2505 E 10th StAnderson, IN 46012
  • Utilities Included
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Bingham Square
1 to 3 Bedroom Apartments

Bingham Square

2725 W 16th StAnderson, IN 46011
  • Utilities Included
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Hickory Knoll Apartments
1 to 2 Bedroom Apartments

Hickory Knoll Apartments

1603 E 53rd StAnderson, IN 46013
Senior Living
  • Utilities Included

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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Plumwood Apartments
Studio to 2 Bedroom Apartments

Plumwood Apartments

5 E Plum StChesterfield, IN 46017
  • Utilities Included

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 priced from $250. 1212 Meridian Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $727. 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
1212 Meridian Flats2051BR,1BA$727
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Anderson, IN

As of October 12, 2025 the best value apartment in the Anderson area is the $0.94 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,327. The second greatest value Anderson apartment is the The Sequoia Model at Cedar Ridge Townhomes starting at $1,120 with a $0.92 price per square foot . 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$0.94
Cedar Ridge TownhomesThe Sequoia3BR,1.5BA$0.92
4491 N 200 E4491 N 200 E2BR,1BA$1.00
1212 Meridian Flats3021BR,1BA$1.45
919 W 8th St, Unit A919 W 8th St1BR,1BA$0.94
Cross Lakes Apartments1x1WD R-Prem1BR,1BA$1.51
Villages on Madison Apartments1x1 R1BR,1BA$1.48
ApplecreekThe Washington1BR,1BA$1.29
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
130 W 5th St, Unit 130130 W 5th St1BR,1BA$1.50

Quick Rent Budget Calculator

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

Explore Anderson, IN Rentals by Map

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Getting Around Anderson, IN

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $935 at Sun Valley Townhomes.

What is the most affordable Anderson Three Bedroom Apartment?

The best deal on a cheap Anderson Three Bedroom Apartment rental is at Cedar Ridge Townhomes and starts from $1,120.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.