
Cheap Apartments for Rent near Carthage, IN from $479 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Carthage.


Reflections I

The Mill

Grand Avenue Commons

Willowood East

Academy Place Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Spanish Oaks

Bavarian Village Apartments

The Vineyards Apartment Homes

Knoll Ridge Townhomes

Water Dance Apartments

Jamestown Village
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Lake Marina Apartments

316 E Franklin St

108 W Pennsylvania St

202 E Taylor St

129 W Hendricks St

135 W Hendricks St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

106 W Broadway St

Elmtree Park

403-407 E Washington St

523 Miller Ave

Serenity

321 E Mechanic St
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.

529 W Taylor St

124 E Taylor St

113 W 5th St
Carthage, IN Local Guide

How much does it cost to rent an apartment in Carthage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carthage Studio Apartments | $763 | $482 | $1,163 |
| Carthage 1 Bedroom Apartments | $1,185 | $479 | $1,667 |
| Carthage 2 Bedroom Apartments | $1,467 | $780 | $2,364 |
| Carthage 3 Bedroom Apartments | $1,744 | $1,115 | $3,453 |
| Carthage 4 Bedroom Apartments | $1,600 | $1,600 | $1,600 |
Browse Top Apartments in Carthage
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Carthage, IN Local Guide
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Cheapest Available Carthage Apartments for Rent and Nearby
 The cheapest available apartment rental in Carthage, IN is a Studio unit found at LINCOLN PARK APARTMENTS priced from $645. Grand Avenue Commons in the Henry County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here is today’s list of the most affordable Carthage apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $729 |
| Elmtree Park | Studio 1 Bath | Studio,1BA | $750 |
| Willowood East | Studio | Studio,1BA | $760 |
| Spanish Oaks | Studio | Studio,1BA | $775 |
| The Vineyards Apartment Homes | Studio Classic | Studio,1BA | $789 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $800 |
| Knoll Ridge Townhomes | 1 Bed, 1 Bath | 1BR,1BA | $850 |
| Bavarian Village Apartments | The Challis 1 BR 1 BA | 1BR,1BA | $881 |
| Jamestown Village | A1 Ulysses Grant | 1BR,1BA | $891 |
Best Value Apartments for Rent in Carthage, IN and Nearby
As of September 07, 2026 the best value apartment in the Carthage area is the $1.28 price per square foot 4 Bed, 1.5 bath Townhome Model at Knoll Ridge Townhomes in the in the Southeast Indianapolis neighborhood starting from $1,600. The second greatest value Carthage apartment is the 2 Bed/ 1.5 Bath TH Model at Greenfield Knoll Apartments starting at $1,360 with a $1.26 price per square foot . Here is today’s list of the best values for Carthage apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Knoll Ridge Townhomes | 4 Bed, 1.5 bath Townhome | 4BR,1.5BA | $1.28 |
| Greenfield Knoll Apartments | 2 Bed/ 1.5 Bath TH | 2BR,1.5BA | $1.26 |
| SPICELAND VILLAS | 2 BED 2 BATH | 2BR,2BA | $1.01 |
| Knightstown Villas | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Applecreek (534) | The Jonathan | 2BR,2BA | $1.13 |
| Greenfield Village | B2 Winston | 2BR,2BA | $1.26 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Carthage, IN
Frequently Asked Questions about Cheap Carthage Apartments
What is the Cheapest Studio apartment in Carthage?
Currently the most affordable Cheap Studio Apartment in Carthage is at LINCOLN PARK APARTMENTS listed at $645.
How much is rent for a Cheap One Bedroom Carthage Apartment?
The lowest price for a Cheap One Bedroom Carthage Apartment is $729 at Grand Avenue Commons.
What is the lowest price for a Cheap Two Bedroom Carthage Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Carthage is starting from $829 at Grand Avenue Commons.
What is the most affordable Carthage Three Bedroom Apartment?
The best deal on a cheap Carthage Three Bedroom Apartment rental is at Knightstown Villas and starts from $1,175.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.