Cheap Apartments for Rent in Carthage, IN from $400 (57 Rentals)

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

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.

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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.

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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.

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property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176

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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Serenity
2 Bedroom Apartments

Serenity

3357 W Serenity PkyConnersville, IN 47331
property at 4881 300W

$850 - $925

2 Bedroom Rentals

Available Now

4881 300W

New PalestineIN46163

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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Carthage, IN Local Guide

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. Academy Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Carthage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LINCOLN PARK APARTMENTSStudioStudio,1BA$645
Academy Place Apartments1 BR 1 Bath1BR,1BA$675
Spanish OaksStudioStudio,1BA$725
Willowood EastStudioStudio,1BA$760
Grand Avenue Commons2 Beds, 1.5 baths2BR,1BA$799
The Vineyards Apartment HomesStudio ClassicStudio,1BA$819
Jamestown VillageThomas Jefferson1BR,1BA$829
Knoll Ridge Townhomes1 Bed, 1 Bath1BR,1BA$850
Elmtree Park1 Bed 1 Bath1BR,1BA$875
Lake Marina ApartmentsThe Runabout1BR,1BA$899

Best Value Apartments for Rent in Carthage, IN and Nearby

As of April 24, 2026 the best value apartment in the Carthage area is the $0.89 price per square foot Prime FHB Model at Golden Pebble Estates in the starting from $1,399. The second greatest value Carthage apartment is the 2 Bed/ 1.5 Bath TH Model at Greenfield Knoll Apartments starting at $1,249 with a $1.16 price per square foot . Here is today’s list of the best values for Carthage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Golden Pebble EstatesPrime FHB3BR,2BA$0.89
Greenfield Knoll Apartments2 Bed/ 1.5 Bath TH2BR,1.5BA$1.16
Knightstown Villas3 Bed 2 Bath3BR,2BA$1.12
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
Grand Avenue Commons2 Beds, 1.5 baths2BR,1.5BA$0.89
ApplecreekThe Golden2BR,1BA$1.16
Water Dance Apartments2BR/1BA2BR,1BA$1.27
Academy Place Apartments1 BR 1 Bath1BR,1BA$0.79
Bristol Square1 Bedroom Loft1BR,1.5BA$1.13
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.81

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick 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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Pet Friendly Lifestyle

Ranked #

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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

Explore Carthage, IN Rentals by Map

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See the most popular apartments and homes in Carthage, IN

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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 $675 at Academy Place Apartments.

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 $799 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.