1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Anderson, IN from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Anderson.
336 W 6th St
AndersonIN46016
309.5 Central Ave
AndersonIN46012
21 W 8th St
AndersonIN46016
1807 Raible Ave
AndersonIN46011
712 Ranike Dr
AndersonIN46012
3614 Columbus Ave
AndersonIN46013
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
519 W 2nd St
AndersonIN46016
1719 Johnson Ave
AndersonIN46016
1502 Cedar St
AndersonIN46016
1123 Louise St
AndersonIN46016
close
View Me
$9001 Bedroom Apartments Available Now
2327 Jackson St, Unit Apt 1
2327 Jackson StAnderson, IN 46016
2904 Lincoln St
AndersonIN46016
223 E 11th 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.
Showing Results 1-14, Page 1 of 1
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 | $1,001 | $825 | $1,225 |
| Anderson 3 Bedroom Homes for Rent | $1,232 | $995 | $2,250 |
| Anderson 4 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
| Anderson 5 Bedroom Homes for Rent | $2,475 | $1,900 | $3,050 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Anderson
Explore Anderson
Anderson, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 | Blanche | Studio,1BA | $855 |
| Villages on Madison Apartments | 2x1 | 2BR,1BA | $860 |
Best Value Apartments for Rent in Anderson, IN
As of May 07, 2026 the best value apartment in the Anderson area is the $1.00 price per square foot 28 W 9th St Model at 28 W 9th St in the starting from $1,760. 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. |
|---|---|---|---|
| 28 W 9th St | 28 W 9th St | 2BR,2BA | $1.00 |
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Stonebrook Townhomes | Redwood | 2BR,1.5BA | $0.95 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $1.13 |
| Courtyard Village Apartments | 628-C | 2BR,1BA | $1.30 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| Villages on Madison Apartments | 1x1 R | 1BR,1BA | $1.33 |
| Applecreek | The Washington | 1BR,1BA | $1.29 |
| 2208 Hendricks St, Unit 3 | 2208 Hendricks St | 1BR,1BA | $1.15 |
| 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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Let everyone know!
Do you know the Anderson area?
If you’re an expert on all things Anderson, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 121 Apartments for Rent in Anderson, IN with pricing that ranges from $250 to $1,760. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anderson ranging from $525 to $3,050.
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 $525 to $3,050 with an average monthly rent of $1,343.
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 $995 to $2,250. Four Bedroom Single-Family rentals are also available starting from $2,000 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.