Cheap Apartments for Rent near Arcola, IN from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in Arcola.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Elex
$1,002 - $3,066
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $3,066
Total Monthly Price
$1,002 - $3,066
1 to 3 Bedroom Apartments Available Now

The Elex

877 Lavina StFort Wayne, IN 46802
Pet Friendly
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing
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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
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Northcrest Apartments
2 Bedroom Apartments

Northcrest Apartments

4824 Northcrest DrFort Wayne, IN 46825
  • Utilities Included

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.

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Arcola, IN Local Guide

Cheapest Available Arcola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Arcola, IN is a 1 Bed unit found at Jackson Manor Apartments in the Southwest Fort Wayne neighborhood priced from $765. Colony Bay Apartments,LLC in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here is today’s list of the most affordable Arcola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$770
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Autumn Creek Apartment Homes2B1.5B-STD2BR,1BA$959

Best Value Apartments for Rent in Arcola, IN and Nearby

As of August 15, 2026 the best value apartment in the Arcola area is the $0.97 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $1,995. The second greatest value Arcola apartment is the 3 Bedroom Model at Homestead Townhomes starting at $1,799 with a $1.20 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Arcola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Anam VillasTownhome3BR,2.5BA$0.97
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Thunderhawk VillasOlsen3BR,2BA$1.40
Becklow PlaceTownhome B3BR,2.5BA$1.37
Archers Pointe2 Bedroom Townhome2BR,1.5BA$1.40
Hunt ClubPreakness - Classic/Upgrade Units2BR,2BA$1.27
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Pointe InvernessTwo Bed One Bath Large 9702BR,1BA$1.45
Colony Bay Apartments,LLC1 bedroom2BR,2BA$1.21
Eagle Landing Apartment Homes2BR2BR,1BA$1.44

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.

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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.

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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.

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

Explore Arcola, IN Rentals by Map

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Frequently Asked Questions about Cheap Arcola Apartments

What is the Cheapest Studio apartment in Arcola?

Currently the most affordable Cheap Studio Apartment in Arcola is at Three Rivers Apartments listed at $899.

How much is rent for a Cheap One Bedroom Arcola Apartment?

The lowest price for a Cheap One Bedroom Arcola Apartment is $765 at Jackson Manor Apartments.

What is the lowest price for a Cheap Two Bedroom Arcola Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Arcola is starting from $959 at Autumn Creek Apartment Homes.

What is the most affordable Arcola Three Bedroom Apartment?

The best deal on a cheap Arcola Three Bedroom Apartment rental is at Autumn Creek Apartment Homes and starts from $1,299.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.