
Cheap Apartments for Rent in Anderson, IN from $300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Anderson.


2112 Lafayette St

202 E 13th St
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.

2002 Jefferson St

Bay Terrace Apartments

526 W 9th St

Hoosier Woods Apartments

913-915 Morton St

1413 Walnut St
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $758 | $650 | $825 |
Cheap Anderson 1 Bedroom Apartments | $877 | $250 | $1,224 |
Cheap Anderson 2 Bedroom Apartments | $1,036 | $750 | $1,264 |
Cheap Anderson 3 Bedroom Apartments | $1,156 | $935 | $1,350 |
Browse Top Apartments in Anderson
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Anderson, IN Local Guide
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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. Longfellow Plaza Affordable Senior Community has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable 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 |
Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
Harter House Anderson LLC | Sofia | 1BR,1BA | $865 |
Applecreek | .The Washington | 1BR,1BA | $865 |
The Tower | 1BR/1.0BA | 1BR,1BA | $885 |
Best Value Apartments for Rent in Anderson, IN
As of July 13, 2025 the best value apartment in the Anderson area is the $0.53 price per square foot 919 Walnut St Model at 919 Walnut St in the starting from $950. The second greatest value Anderson apartment is the 2x2FP R Model at Cross Lakes Apartments starting at $1,264 with a $1.39 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. |
---|---|---|---|
919 Walnut St | 919 Walnut St | 3BR,1BA | $0.53 |
Cross Lakes Apartments | 2x2FP R | 2BR,2BA | $1.39 |
Cedar Ridge Townhomes | The Maple | 2BR,1BA | $1.14 |
430 W 7th St, Unit 430 | 430 W 7th St | 2BR,1BA | $0.99 |
Villages on Madison Apartments | 1x1 R | 1BR,1BA | $1.48 |
1206 E 8th St, Unit 1 | 1206 E 8th St | 1BR,1BA | $1.38 |
Applecreek | .The Washington | 1BR,1BA | $1.48 |
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
1712 Main St, Unit 2 | 1712 Main St | 2BR,1BA | $1.50 |
1432 Ohio Ave, Unit 1 | 1432 Ohio Ave | 1BR,1BA | $1.50 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $920 at Cedar Ridge Townhomes.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.