Cheap Apartments for Rent near Cedar Lake, IN from $500 (31 Rentals)

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

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.

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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.

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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.

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Meadow Lane Apartments
1 to 2 Bedroom Apartments

Meadow Lane Apartments

2029 Meadow LnSchererville, IN 46375
  • Utilities Included
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10029 Kennedy Ave
1 to 2 Bedroom Apartments

10029 Kennedy Ave

10029 Kennedy AveHighland, IN 46322
  • Utilities Included

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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1905 Austin Ave
2 Bedroom Apartments

1905 Austin Ave

1905 Austin AveSchererville, IN 46375
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Cedar Lake, IN Local Guide

Cheapest Available Cedar Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cedar Lake, IN is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Birchwood Apartments in the Liverpool 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 Cedar Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Birchwood ApartmentsOne Bedroom1BR,1BA$990
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1,100
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Crestview Apartments HomesD-1BR1BR,1BA$1,138
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Harvest Grove Apartment Homes1BD-Small1BR,1BA$1,161
1010 W Pine St1B 1B1BR,1BA$1,175
Meadow Lane Apartments2BR2BR,1BA$1,180
Hidden CreekDanube1BR,1BA$1,199

Best Value Apartments for Rent in Cedar Lake, IN and Nearby

As of July 22, 2026 the best value apartment in the Cedar Lake area is the $1.14 price per square foot 2BR Model at Meadow Lane Apartments in the in the Liverpool neighborhood starting from $1,180. The second greatest value Cedar Lake apartment is the 2x1B Model at Farmer starting at $1,459 with a $1.46 price per square foot in the Fairmeadow neighborhood. Here is today’s list of the best values for Cedar Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Meadow Lane Apartments2BR2BR,1BA$1.14
Farmer2x1B2BR,1BA$1.46
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Harvest Ridge Apartment Homes2X12BR,1BA$1.50
Tiberon Trails2x1E2BR,1BA$1.55
Huntington Cove ApartmentsA2E1BR,1BA$1.62
The Ridge2 Bed 1 Bath 800 - Chestnut2BR,1BA$1.57
2100 N Main St1 Bed 1 Bath1BR,1BA$1.50
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1.57
Birchwood ApartmentsOne Bedroom1BR,1BA$1.52

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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Real 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.

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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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Best Local Schools in
Cedar Lake, IN

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Cedar Lake Apartments

How much is rent for a Cheap One Bedroom Cedar Lake Apartment?

The lowest price for a Cheap One Bedroom Cedar Lake Apartment is $920 at The Ridge.

What is the lowest price for a Cheap Two Bedroom Cedar Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Cedar Lake is starting from $1,080 at Birchwood Apartments.

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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.