
Cheap Apartments for Rent in Auburn, IN from $300 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Auburn.


337 Lincoln St

Total Monthly Price
210 N Main St, Unit Auburn Studio

Valley Creek Apartments

Betz Senior Villas

Griswold Estates Apartments

Emerald Pointe (55+ Senior Community)

Shoaff Park Villas

Drake Terrace III
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.

Total Monthly Price
Montrose Square

Fountain Lake Apartment Homes

Golfview Apartments

Wallen Hills Apartments

Wood Creek Apartments

Stone Pointe Village

Deerfield Village

Nelson Estates Apartments

Northcrest Garden Apartments
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.

Dupont Lakes Apartments

Windsor Oaks

Avalon at Northbrook Apartments and Townhomes

Homestead Village Fort Wayne - Active Living 55+

Huntertown Apartments

OAK CROSSING

Reserve at Dawson's Creek

Orchard on Wallen

BONTERRA APARTMENTS
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.

Steeplechase at Parkview

Atz Place

5614 W Cook Rd

221 S Ivy Ln

340 N Wayne St

302 S Walsh St

304 S Guilford St

2737 W Washington Center Rd

Island Club
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.

41 North Senior Living
Auburn, IN Local Guide

How much does it cost to rent an apartment in Auburn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Auburn Studio Apartments | $921 | $695 | $1,508 |
| Auburn 1 Bedroom Apartments | $1,308 | $625 | $2,324 |
| Auburn 2 Bedroom Apartments | $1,537 | $675 | $2,839 |
| Auburn 3 Bedroom Apartments | $1,975 | $776 | $2,500 |
| Auburn 4 Bedroom Apartments | $1,273 | $585 | $2,599 |
Browse Top Apartments in Auburn
See all Apartments in AuburnExplore Auburn
Auburn, IN Local Guide
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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. Deerfield Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Auburn apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $741 |
| Deerfield Village | One Bedroom | 1BR,1BA | $945 |
| Fountain Lake Apartment Homes | Bellagio | 2BR,1BA | $964 |
| Wallen Hills Apartments | Teakwood | 1BR,1BA | $970 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $999 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,134 |
| Dupont Lakes Apartments | One Bedroom | 1BR,1BA | $1,148 |
| Homestead Village Fort Wayne - Active Living 55+ | The Audrey | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Auburn, IN and Nearby
As of July 16, 2026 the best value apartment in the Auburn area is the $0.81 price per square foot 206 N Main St Model at 206 N Main St, Unit 206 N Main Street in the starting from $1,650. The second greatest value Auburn apartment is the Townhomes Model at Evard Place - Solar Powered starting at $2,000 with a $1.05 price per square foot in the Northeast Fort Wayne neighborhood. Here is today’s list of the best values for Auburn apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 206 N Main St, Unit 206 N Main Street | 206 N Main St | 2BR,2BA | $0.81 |
| Evard Place - Solar Powered | Townhomes | 3BR,2.5BA | $1.05 |
| Huntertown Apartments | Two Bedroom | 2BR,1.5BA | $0.83 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Fountain Lake Apartment Homes | Buckingham | 2BR,1.5BA | $1.03 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.04 |
| 709 E 9th St, Unit Upstairs Until | 709 E 9th St | 1BR,1BA | $0.97 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
| Drake Terrace III | 2 Bedroom | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Auburn, IN Rentals by Map
See the most popular apartments and homes in Auburn, IN
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 $945 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 $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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.