
Cheap Homes for Rent in Carthage, IN from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Carthage.


106 W Pennsylvania St

392 W Broadway St

316 E Franklin St

108 W Pennsylvania St

2142 W US Hwy 40
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.

216 Progress Rd

1402 Alabama St

106 W Broadway St

48 E Mechanic St

4881 300W

421 N State St
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.

1191 W Michelle Way

701 Center St

640 S Darlene Way

1178 W Jason Way

713 Indiana Ave

27 Crestwood Dr
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.

317 East Washington St

1314 N Cherry St
Carthage, IN Local Guide

How much does it cost to rent a home in Carthage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carthage 2 Bedroom Homes for Rent | $1,024 | $695 | $1,700 |
| Carthage 3 Bedroom Homes for Rent | $1,421 | $1,099 | $2,000 |
| Carthage 4 Bedroom Homes for Rent | $2,142 | $1,800 | $2,245 |
| Carthage 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $675 |
| Elmtree Park | Studio 1 Bath | Studio,1BA | $685 |
| Willowood East | Studio | Studio,1BA | $760 |
| Spanish Oaks | Studio | Studio,1BA | $775 |
Best Value Apartments for Rent in Carthage, IN and Nearby
As of May 09, 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 .The Braeburn Model at Applecreek starting at $1,317 with a $1.17 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. |
|---|---|---|---|
| Golden Pebble Estates | Prime FHB | 3BR,2BA | $0.89 |
| Applecreek | .The Braeburn | 3BR,2BA | $1.17 |
| Knightstown Villas | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Reflections I | 2x2 60%cse | 2BR,1BA | $1.22 |
| The Life at Belhaven Place | 2 Bed 2 Bath | 2BR,2BA | $1.25 |
| Grand Avenue Commons | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.89 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $0.79 |
| Bristol Square | 1 Bedroom Loft | 1BR,1.5BA | $1.13 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Carthage
What type of rentals are currently available in Carthage?
There are currently 58 Apartments for Rent in Carthage, IN with pricing that ranges from $479 to $2,879. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carthage ranging from $525 to $2,300.
What is the current price range for Rental Homes in Carthage?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Carthage ranges from $525 to $2,300 with an average monthly rent of $1,417.
How much are larger Three and Four Bedroom Rentals in Carthage?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Carthage range from $1,175 to $2,769, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,600.
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.