
Cheap Homes for Rent in Anderson, IN from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Anderson.


309.5 Central Ave

1140 Manor Ct

832 E 7th St

336 W 6th St

2627 Chase St

192 Ringwood Way, Unit .5
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.

519 W 2nd St

1030 Brookline St

330 W 6th St

230 W 22nd St

1019 E 8th St

2420 Fletcher St

730 W 9th 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.

521 Lonsvale Dr

404 W 34th St

3011 Central Ave

3912 E Lynn St

1706 Jackson St

278 W 375 N

1723 Morton 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.
Anderson, IN Local Guide

How much does it cost to rent a home in Anderson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Anderson 2 Bedroom Homes for Rent | $1,003 | $725 | $1,300 |
| Anderson 3 Bedroom Homes for Rent | $1,246 | $855 | $2,515 |
| Anderson 4 Bedroom Homes for Rent | $1,266 | $1,150 | $1,450 |
| Anderson 5 Bedroom Homes for Rent | $2,000 | $1,900 | $2,100 |
Browse Top Homes for Rent in Anderson
Explore 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 03, 2026 the best value apartment in the Anderson area is the $0.86 price per square foot Stonebrook Model at Stonebrook Townhomes in the starting from $1,230. The second greatest value Anderson apartment is the Townhouse Model at Sun Valley Townhomes starting at $1,300 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stonebrook Townhomes | Stonebrook | 3BR,1.5BA | $0.86 |
| 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 | 3BR,1BA | $0.83 |
| 919 Walnut St, Unit B | 919 Walnut St | 1BR,1BA | $0.78 |
| 423 E 8th St, Unit A | 423 E 8th St | 1BR,1BA | $0.69 |
| 919 W 8th St, Unit B | 919 W 8th St | 1BR,1BA | $0.94 |
| 330 E 12th St, Unit 4 | 330 E 12th St | 1BR,1BA | $0.85 |
| 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 Anderson
What type of rentals are currently available in Anderson?
There are currently 143 Apartments for Rent in Anderson, IN with pricing that ranges from $250 to $1,460. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anderson ranging from $575 to $2,515.
What is the current price range for Rental Homes in Anderson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Anderson ranges from $575 to $2,515 with an average monthly rent of $1,244.
How much are larger Three and Four Bedroom Rentals in Anderson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Anderson range from $803 to $1,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $855 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $865.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.