Cheap Apartments for Rent in Auburn, IN from $500 (23 Rentals)

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

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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Montrose Square
Studio to 2 Bedroom Apartments

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Atz Place
1 Bedroom Apartments

Atz Place

301 E Wayne StKendallville, IN 46755
Senior Living

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 $645. Drake Terrace III has the second lowest priced unit, which is a 2 Beds apartment currently listed from $721. Here is today’s list of the most affordable Auburn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Drake Terrace III2 Bedroom2BR,1BA$721
Deerfield VillageOne Bedroom1BR,1BA$875
Fountain Lake Apartment HomesBellagio2BR,1BA$895
Northcrest GardensOne Bedroom1BR,1BA$975

Best Value Apartments for Rent in Auburn, IN and Nearby

As of July 11, 2025 the best value apartment in the Auburn area is the $1.25 price per square foot Pecan Model at Dupont Meadows in the in the Northwest Fort Wayne neighborhood starting from $2,013. The second greatest value Auburn apartment is the Two Bedroom Model at Huntertown Apartments starting at $1,300 with a $0.87 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.
Dupont MeadowsPecan2BR,2BA$1.25
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$0.87
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.07
Copper Creek VillasCopper Creek Townhome3BR,2.5BA$1.16
Fountain Lake Apartment HomesBellagio2BR,1BA$0.82
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.03
Wood Creek ApartmentsThe Cottonwood2BR,1BA$1.07
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.14
St Joe Place2x22BR,2BA$0.80
Drake Terrace III2 Bedroom2BR,1BA$0.96

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

Explore Auburn, IN Rentals by Map

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Getting Around Auburn, IN

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $875 at Deerfield Village.

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 $721 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 Reserve at Dawson's Creek and starts from $1,488.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.