Cheap Homes for Rent in Anderson, IN from $500 (22 Rentals)

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property at 1224 W 13th St

1224 W 13th 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.

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property at 1226 W 13th St

1226 W 13th St

AndersonIN46016

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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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
property at 3401 Hamilton Pl

3401 Hamilton Pl

AndersonIN46013
Showing Results 1-22, Page 1 of 1

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. 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 ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Applecreek.The Washington1BR,1BA$865
The Tower1BR/1.0BA1BR,1BA$885
Cedar Ridge TownhomesThe Fir2BR,1BA$900

Best Value Apartments for Rent in Anderson, IN

As of September 16, 2025 the best value apartment in the Anderson area is the $1.00 price per square foot 4491 N 200 E Model at 4491 N 200 E in the starting from $1,000. The second greatest value Anderson apartment is the 2208 Hendricks St Model at 2208 Hendricks St, Unit 1 starting at $1,000 with a $1.05 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.
4491 N 200 E4491 N 200 E2BR,1BA$1.00
2208 Hendricks St, Unit 12208 Hendricks St3BR,2BA$1.05
Cross Lakes Apartments1x1WD R-Prem1BR,1BA$1.35
Cedar Ridge TownhomesThe Fir2BR,1BA$1.20
Villages on Madison Apartments1x1 R-Prem1BR,1BA$1.55
925 W 5th St, Unit 1925 W 5th St1BR,1BA$1.34
Applecreek.The Washington1BR,1BA$1.48
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
132 W 5th St, Unit 132 W 5TH ST.132 W 5th St1BR,1BA$1.50
808 College Dr, Unit 808 COLLEGE DR.808 College Dr1BR,1BA$1.46

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

Explore Anderson, IN Rentals by Map

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Frequently Asked Questions about Anderson

What type of rentals are currently available in Anderson?

There are currently 108 Apartments for Rent in Anderson, IN with pricing that ranges from $250 to $1,350. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anderson ranging from $525 to $2,600.

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 $2,600 with an average monthly rent of $1,350.

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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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.