Cheap Homes for Rent in Anderson, IN from $600 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

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

property at 3119 Jefferson St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 Jefferson St

AndersonIN46016
property at 2210 Walnut St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

Studio, 1 Bath Condo for Rent

Available Now

2210 Walnut St, Unit B

2210 Walnut St
AndersonIN46016
property at 832 E 7th St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Condo for Rent

Available Now

832 E 7th St

AndersonIN46012
property at 21 W 8th St

$700

Studio Rentals

Available Now

21 W 8th 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.

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.

property at 2439 Chase St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Now

2439 Chase St

AndersonIN46016

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

Cheapest Available Anderson Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250

Best Value Apartments for Rent in Anderson, IN

As of March 22, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sun Valley TownhomesTownhouse3BR,2.5BA$0.92
202 W 3rd St, Unit 1202 W 3rd St3BR,1BA$0.79
2331 Broadway St, Unit .52331 Broadway St3BR,2BA$0.89
921 W 8th St, Unit A921 W 8th St2BR,1BA$0.80
Hoosier Woods2X2 60%2BR,2BA$1.04
3121 Jefferson St3121 Jefferson St1BR,1BA$0.72
919 Walnut St, Unit B919 Walnut St1BR,1BA$0.78
919 W 8th St, Unit B919 W 8th St1BR,1BA$0.81
2202 Silver St, Unit B2202 Silver St1BR,1BA$0.94
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Anderson, IN Rentals by Map

View Map
Anderson, IN Apartments Map
View Map
Anderson, IN Rental Homes Map

Frequently Asked Questions about Anderson

What type of rentals are currently available in Anderson?

There are currently 127 Apartments for Rent in Anderson, IN with pricing that ranges from $250 to $1,725. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anderson ranging from $625 to $2,500.

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 $625 to $2,500 with an average monthly rent of $1,179.

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 $925 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,399.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.