
Cheap Homes for Rent in Anderson, IN from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Anderson.


1604 W 15th St

2418 Lincoln St

2408 Locust St

309.5 Central Ave

1224 W 13th St
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.

605 E 5th St

2900 Sheridan St

1900 Broadway St, Unit B

1623 W 6th St

425 E 36th St

1226 W 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.

2701 Lincoln St

3912 E Lynn St

2223 Chase St

1514 E 30th St

278 W 375 N

21 W 8th St
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.
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 | $1,095 | $745 | $2,800 |
| Anderson 3 Bedroom Homes for Rent | $1,183 | $895 | $2,515 |
| Anderson 4 Bedroom Homes for Rent | $1,282 | $1,150 | $1,495 |
| Anderson 5 Bedroom Homes for Rent | $2,099 | $1,599 | $2,600 |
| Anderson 6 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Top Homes for Rent 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 | 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 November 01, 2025 the best value apartment in the Anderson area is the $0.94 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,327. The second greatest value Anderson apartment is the Pinnacle Model at Stonebrook Townhomes starting at $1,020 with a $0.89 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. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.94 |
| Stonebrook Townhomes | Pinnacle | 2BR,1.5BA | $0.89 |
| 4491 N 200 E | 4491 N 200 E | 2BR,1BA | $1.00 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $0.99 |
| Cross Lakes Apartments | 1x1WD R-Prem | 1BR,1BA | $1.51 |
| Cedar Ridge Townhomes | The Fir | 2BR,1BA | $1.20 |
| 330 E 12th St, Unit 2 | 330 E 12th St | 1BR,1BA | $1.25 |
| Villages on Madison Apartments | 1x1 R | 1BR,1BA | $1.48 |
| Applecreek | The Washington | 1BR,1BA | $1.29 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $1,460. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Anderson ranging from $550 to $2,800.
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 $550 to $2,800 with an average monthly rent of $1,206.
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 $895 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
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.