
Cheap Homes for Rent in Cedar Lake, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Cedar Lake.


111 Harrington Ave

12042 W 103rd Ct

5005 Chase 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.

7363 Bigger St

514 E Dahlgren St

73 Meadowlark Ln

2109 W 45th 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.
Cedar Lake, IN Local Guide

How much does it cost to rent a home in Cedar Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cedar Lake 2 Bedroom Homes for Rent | $1,807 | $1,450 | $2,800 |
| Cedar Lake 3 Bedroom Homes for Rent | $2,383 | $1,400 | $4,500 |
| Cedar Lake 4 Bedroom Homes for Rent | $2,824 | $1,895 | $3,900 |
| Cedar Lake 5 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Top Homes for Rent in Cedar Lake
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Cedar Lake, IN Local Guide
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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. Tiberon Trails in the Liverpool neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $929. Here is today’s list of the most affordable Cedar Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| Tiberon Trails | Studio C | Studio,1BA | $929 |
| Birchwood Apartments | One Bedroom | 1BR,1BA | $990 |
Best Value Apartments for Rent in Cedar Lake, IN and Nearby
As of May 28, 2026 the best value apartment in the Cedar Lake area is the $1.58 price per square foot Stratford Model at Hampton in Highland Apartments in the in the Fairmeadow neighborhood starting from $1,499. The second greatest value Cedar Lake apartment is the Hartford Open Model at Whitcomb Terrace Apartments starting at $1,320 with a $1.47 price per square foot in the Turkey Creek neighborhood. Here is today’s list of the best values for Cedar Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hampton in Highland Apartments | Stratford | 2BR,1BA | $1.58 |
| Whitcomb Terrace Apartments | Hartford Open | 2BR,1BA | $1.47 |
| The Ridge Apartments | Poplar | 2BR,2BA | $1.41 |
| Sherwood Lake Apartments | UPGRADED 1 BEDROOM | 1BR,1BA | $1.59 |
| Hidden Creek | Flaxon Partial | 2BR,1BA | $1.57 |
| Evergreen | A2 | 1BR,1BA | $1.56 |
| Huntington Cove Apartments | A2E | 1BR,1BA | $1.56 |
| 2100 N Main St | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| 2045-2151 Meadow Ln | 1 Bed/1 Bath | 1BR,1BA | $1.54 |
| Birchwood Apartments | One Bedroom | 1BR,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.
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.
Best Local Schools in Cedar Lake, IN
Douglas Macarthur Elementary School
Hanover Central High School
Hanover Central Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cedar Lake
What type of rentals are currently available in Cedar Lake?
There are currently 47 Apartments for Rent in Cedar Lake, IN with pricing that ranges from $553 to $3,408. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cedar Lake ranging from $799 to $4,500.
What is the current price range for Rental Homes in Cedar Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cedar Lake ranges from $799 to $4,500 with an average monthly rent of $2,168.
How much are larger Three and Four Bedroom Rentals in Cedar Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Cedar Lake range from $1,569 to $3,272, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $3,408.
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.