
Cheap Apartments for Rent in Boone County, IN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Boone County.


411 S East St

Shaker Square

451 Lebanon Apartments

522 N Lebanon St, Unit Unit 4
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.

Canterbury House Apartments - Lebanon

Brendan Wood

Indian Springs Apartments

Lebanon Manor Apartments

Slate Run Lebanon LLC
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.

The Brakeman Apartments

The Flats of Lebanon

Stokes Commons

The Flats

Boulevard at Anson I
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.
Boone County, IN Local Guide

How much does it cost to rent an apartment in Boone County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Boone County Studio Apartments | $1,628 | $1,494 | $1,889 |
| Boone County 1 Bedroom Apartments | $1,688 | $749 | $2,880 |
| Boone County 2 Bedroom Apartments | $2,199 | $980 | $7,114 |
| Boone County 3 Bedroom Apartments | $2,385 | $1,625 | $3,309 |
| Boone County 4 Bedroom Apartments | $2,630 | $2,324 | $2,860 |
Browse Apartments in Boone County
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Cheapest Available Boone County Apartments for Rent
 The cheapest available apartment rental in Boone County, IN is a 1 Bed unit found at 451 Lebanon Apartments in the Lebanon Whitestown neighborhood priced from $990. Melrose Place in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,279. Here is today’s list of the most affordable Boone County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 451 Lebanon Apartments | 1D | 1BR,1BA | $990 |
| Melrose Place | 2x1 | 2BR,1BA | $1,279 |
| Reserve at Williams Glen | The Villager | 1BR,1BA | $1,399 |
| Woods of West Carmel | A2 Azalea | 1BR,1BA | $1,504 |
| Sylo | Elm 1.1 | 1BR,1BA | $1,549 |
Best Value Apartments for Rent in Boone County, IN
As of May 20, 2026 the best value apartment in the Boone County area is the $1.47 price per square foot Tallmadge TH Model at Prairie Chase in the in the Lebanon Whitestown neighborhood starting from $2,435. The second greatest value Boone County apartment is the 3.2-Mad Model at Boulevard at Anson I starting at $2,040 with a $1.32 price per square foot in the Lebanon Whitestown neighborhood. Here is today’s list of the best values for Boone County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Prairie Chase | Tallmadge TH | 3BR,2.5BA | $1.47 |
| Boulevard at Anson I | 3.2-Mad | 3BR,2BA | $1.32 |
| Jackson Run Townhomes | Barton 3 Bed | 3BR,2.5BA | $1.46 |
| Honor Meadows Owner LLC | 3 Bedroom 2.5 Bathroom The Lawrence | 3BR,2.5BA | $1.49 |
| Aria Apartments of Zionsville | Harmony | 2BR,2BA | $1.62 |
| Hickory Cottages | Slam Dunk | 2BR,2BA | $1.36 |
| The E - Elevated Living in Whitestown | 1 BD/1.5 BA - FIRST FLOOR | 1BR,1.5BA | $1.62 |
| The Rail at 1380 | The Boiler | 2BR,2BA | $1.56 |
| Melrose Place | 2x1 | 2BR,1BA | $1.42 |
| 451 Lebanon Apartments | 1A | 1BR,1BA | $1.63 |
Frequently Asked Questions about Cheap Boone County Apartments
How much is rent for a Cheap One Bedroom Boone County Apartment?
The lowest price for a Cheap One Bedroom Boone County Apartment is $990 at 451 Lebanon Apartments.
What is the lowest price for a Cheap Two Bedroom Boone County Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Boone County is starting from $1,279 at Melrose Place.
What is the most affordable Boone County Three Bedroom Apartment?
The best deal on a cheap Boone County Three Bedroom Apartment rental is at The Rail at 1380 and starts from $1,701.
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

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.

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.

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.

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.