Cheap Homes for Rent in Boone County, IN from $700 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in Boone County.

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.

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.

Cheapest Available Boone County Apartments for Rent

 

The cheapest available apartment rental in Boone County, IN is a Studio unit found at The Brakeman Apartments in the Lebanon Whitestown neighborhood priced from $840. 451 Lebanon Apartments in the Lebanon Whitestown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here is today’s list of the most affordable Boone County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Brakeman ApartmentsStudio LStudio,1BA$840
451 Lebanon Apartments1D1BR,1BA$990
Melrose Place2x12BR,1BA$1,279

Best Value Apartments for Rent in Boone County, IN

As of June 23, 2026 the best value apartment in the Boone County area is the $1.30 price per square foot The Conductor Model at The Rail at 1380 in the in the Spring Arbor neighborhood starting from $1,590. The second greatest value Boone County apartment is the Abram II Model at Nese Apartments starting at $1,830 with a $1.54 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Rail at 1380The Conductor3BR,2BA$1.30
Nese ApartmentsAbram II2BR,2BA$1.54
The GroveThe Garden2BR,2BA$1.71
Aria Apartments of ZionsvilleConcerto1BR,1BA$1.90
Hunters Point Apartments2 Bed, 2.00 Bath2BR,2BA$1.61
Melrose Place2x12BR,1BA$1.42
Hickory CottagesBaseline1BR,1BA$2.04
Woods of West CarmelA1 Aster1BR,1BA$1.99
Reserve at Williams GlenThe Villager1BR,1BA$1.81
451 Lebanon Apartments1A1BR,1BA$1.63

Frequently Asked Questions about Boone County

What type of rentals are currently available in Boone County?

There are currently 90 Apartments for Rent in Boone County, IN with pricing that ranges from $850 to $3,309. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Boone County ranging from $749 to $4,200.

What is the current price range for Rental Homes in Boone County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Boone County ranges from $749 to $4,200 with an average monthly rent of $2,258.

How much are larger Three and Four Bedroom Rentals in Boone County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Boone County range from $1,600 to $3,309, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $2,510.

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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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.