Cheap Apartments for Rent in Auburn, IN from $500 (33 Rentals)

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Betz Senior Villas
1 to 2 Bedroom Apartments

Betz Senior Villas

120 Betz RdAuburn, IN 46706
Senior Living
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Montrose Square
$600 - $1,547
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $1,547
Total Monthly Price
$600 - $1,547
Studio to 2 Bedroom Apartments Available May 27

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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  • 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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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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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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property at 340 N Wayne St

$750 - $800

1 Bedroom Rentals

Available Now

340 N Wayne St

WaterlooIN46793

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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Showing Results 1-33, Page 1 of 1

Auburn, IN Local Guide

Cheapest Available Auburn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Auburn, IN is a 2 Beds unit found at Drake Terrace III priced from $741. Wallen Hills Apartments in the Northwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $833. Here is today’s list of the most affordable Auburn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Drake Terrace III2 Bedroom2BR,1BA$741
Wallen Hills ApartmentsIvywoodStudio,1BA$833
Wood Creek ApartmentsThe Willow1BR,1BA$850
Fountain Lake Apartment HomesVersailles1BR,1BA$872
Deerfield VillageOne Bedroom1BR,1BA$1,050
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1,069
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,099
Windsor OaksThe Cedar1BR,1BA$1,150
Steeplechase at ParkviewSaratoga1BR,1BA$1,167
Homestead Village Fort Wayne - Active Living 55+The Audrey1BR,1BA$1,200

Best Value Apartments for Rent in Auburn, IN and Nearby

As of April 12, 2026 the best value apartment in the Auburn area is the $1.13 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,695. The second greatest value Auburn apartment is the 3BR/2.5BA Model at Copper Creek Villas starting at $1,895 with a $1.30 price per square foot in the Pine Valley 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.
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Copper Creek Villas3BR/2.5BA3BR,2.5BA$1.30
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.25
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.05
Windsor OaksThe Hickory2BR,1BA$1.28
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.11
St Joe Place2x22BR,2BA$0.80
Drake Terrace III2 Bedroom2BR,1BA$0.99
Fountain Lake Apartment HomesVersailles1BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Frequently Asked Questions about Cheap Auburn Apartments

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

The lowest price for a Cheap One Bedroom Auburn Apartment is $850 at Wood Creek Apartments.

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 Deerfield Village and starts from $1,475.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.