Cheap Apartments for Rent in Auburn, IN from $500 (17 Rentals)

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Betz Senior Villas
1 to 2 Bedroom Apartments

Betz Senior Villas

120 Betz RdAuburn, IN 46706
Senior Living

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.

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.

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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Deerfield Village
1 to 3 Bedroom Apartments

Deerfield Village

1998 Deerfield LnKendallville, IN 46755
  • Utilities Included

Auburn, IN Local Guide

Cheapest Available Auburn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Auburn, IN is a Studio unit found at Shoaff Park Villas in the Northeast Fort Wayne neighborhood priced from $695. Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here is today’s list of the most affordable Auburn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoaff Park VillasStudio, 1 bathStudio,1BA$695
Fountain Lake Apartment HomesRoselleStudio,1BA$735
Drake Terrace III2 Bedroom2BR,1BA$741
Wallen Hills ApartmentsIvywoodStudio,1BA$818
Stone Pointe VillageEssexStudio,1BA$895

Best Value Apartments for Rent in Auburn, IN and Nearby

As of January 09, 2026 the best value apartment in the Auburn area is the $0.76 price per square foot 206 N Main St Model at 206 N Main St, Unit 206 N Main Street in the starting from $1,550. The second greatest value Auburn apartment is the Two Bedroom Model at Huntertown Apartments starting at $1,695 with a $1.13 price per square foot in the Outer Northside neighborhood. Here is today’s list of the best values for Auburn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
206 N Main St, Unit 206 N Main Street206 N Main St2BR,2BA$0.76
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Redwood Fort Wayne Maplecrest RoadForestwood2BR,2BA$1.31
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.25
10095 Bluffs CorTownhome A2BR,2.5BA$1.33
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Windsor OaksThe Hickory2BR,1BA$1.28
BONTERRA APARTMENTSMuscat2BR,1BA$1.33
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.11
Drake Terrace III2 Bedroom2BR,1BA$0.99

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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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.

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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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Quick 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.

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

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Frequently Asked Questions about Cheap Auburn Apartments

What is the Cheapest Studio apartment in Auburn?

Currently the most affordable Cheap Studio Apartment in Auburn is at Shoaff Park Villas listed at $695.

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

The lowest price for a Cheap One Bedroom Auburn Apartment is $815 at Fountain Lake Apartment Homes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Auburn is starting from $741 at Drake Terrace III.

What is the most affordable Auburn Three Bedroom Apartment?

The best deal on a cheap Auburn Three Bedroom Apartment rental is at Steeplechase at Parkview and starts from $1,443.

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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!