Cheap Homes for Rent in Centerville, IN from $700 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Centerville.

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.

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.

Centerville, IN Local Guide

Cheapest Available Centerville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Centerville, IN is a Studio unit found at Flats at West End in the School neighborhood priced from $550. The Crossings has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here is today’s list of the most affordable Centerville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Flats at West End0BR/1.0BAStudio,1BA$550
The CrossingsStudioStudio,1BA$595
Genesis Apartments2BD Classic2BR,1BA$660
HUNTERS OAK APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$670
Academy Place Apartments1 BR 1 Bath1BR,1BA$675

Best Value Apartments for Rent in Centerville, IN and Nearby

As of May 08, 2026 the best value apartment in the Centerville 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 Centerville apartment is the 3X4 Model at Miami Preserve starting at $875 with a $0.56 price per square foot in the North Cincinnati neighborhood. Here is today’s list of the best values for Centerville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Golden Pebble EstatesPrime FHB3BR,2BA$0.89
Miami Preserve3X43BR,4BA$0.56
Freedom Acres MHCPulse 76163BR,2BA$0.94
Adam H Bartell LoftsEXCALIBUR2BR,1BA$0.81
Townehouse Village ApartmentsTwo Bedroom Gas2BR,1.5BA$1.02
Grand Avenue Commons2 Beds, 1.5 baths2BR,1.5BA$0.89
Academy Place Apartments1 BR 1 Bath1BR,1BA$0.79
HUNTERS OAK APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$0.83
Genesis Apartments1BD R1BR,1BA$0.96
Atlas Apartments1BR/1.0BA1BR,1BA$1.08

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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Quick Rent Budget Calculator

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

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Frequently Asked Questions about Centerville

What type of rentals are currently available in Centerville?

There are currently 56 Apartments for Rent in Centerville, IN with pricing that ranges from $399 to $3,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Centerville ranging from $750 to $5,625.

What is the current price range for Rental Homes in Centerville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Centerville ranges from $750 to $5,625 with an average monthly rent of $2,990.

How much are larger Three and Four Bedroom Rentals in Centerville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Centerville range from $719 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,375 and Four Bedroom Apartments start at $399.

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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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.

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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.

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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.

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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.