Cheap Apartments for Rent in Arcola, IN from $500 (47 Rentals)

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

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

Total Monthly Price

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$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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  • Smoke Free

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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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included

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.

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Fulton Manor
Studio Apartments

Fulton Manor

922 Fulton StFort Wayne, IN 46802
  • Utilities Included
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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

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 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.

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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. Poplar Ridge Apartments in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $769. Here is today’s list of the most affordable Arcola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Poplar Ridge ApartmentsStudio UpgradeStudio,1BA$769
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$795
Hickory Creek Apartments1 bd 1 ba Classic Flat1BR,1BA$799
West Wind ApartmentsModified One Bedroom1BR,1BA$846
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Graystone TrailGraystone Trail1BR,1BA$950
Autumn Creek Apartment Homes2B1.5B-STD2BR,1BA$959
The ElexThe Pen-El1BR,1BA$1,002

Best Value Apartments for Rent in Arcola, IN and Nearby

As of May 17, 2026 the best value apartment in the Arcola area is the $1.16 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $2,395. The second greatest value Arcola apartment is the 3THB Model at Eagle Landing Apartment Homes starting at $1,586 with a $0.82 price per square foot in the Northwest 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$1.16
Eagle Landing Apartment Homes3THB3BR,1.5BA$0.82
Ledgestone TownhomesWalnuthill3BR,2.5BA$1.34
Redwood Fort Wayne Wallen RoadMeadowood2BR,2BA$1.42
Becklow PlaceTownhome A2BR,2.5BA$1.37
Redwood Fort Wayne Noyer RoadSandalwood2BR,2BA$1.48
Coventry Court West Apartments2x2 Large Renovated2BR,2BA$1.45
Colony Bay Apartments,LLC1 bedroom2BR,2BA$1.30
Autumn Creek Apartment Homes1B1B - UPG1BR,1BA$1.29
West Wind ApartmentsStandard One Bedroom1BR,1BA$1.49

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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Quick Rent Budget Calculator

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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 Poplar Ridge Apartments listed at $769.

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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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.

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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.

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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.

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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.