Cheap Apartments for Rent near Central, IN from $420 (61 Rentals)

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

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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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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Kendall Arms
1 Bedroom Apartments

Kendall Arms

1830-1833 Kendall LnLouisville, KY 40216
Senior Living
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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

6506 Hackel DrLouisville, KY 40258
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3404 Shagbark Rd
2 Bedroom Apartments

3404 Shagbark Rd

3404 Shagbark RdLouisville, KY 40216
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Pennacook Pointe
2 Bedroom Apartments

Pennacook Pointe

2538-2538 Pennacook RdLouisville, KY 40214
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Richardson 52 Apartments
1 to 2 Bedroom Apartments

Richardson 52 Apartments

3508 Fern Lea RdLouisville, KY 40216
Senior Living
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Central, IN Local Guide

Cheapest Available Central Apartments for Rent and Nearby

 

The cheapest available apartment rental in Central, IN is a 2 Beds unit found at Lower Hunters Trace in the South Louisville neighborhood priced from $580. Knox Landing in the Meade County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Central apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lower Hunters Trace2 Bedroom2BR,1BA$580
Knox Landing1 Bed / 1 Bath1BR,1BA$700
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$749
Southwood1 Bed, 1 bath1BR,1BA$749
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$750
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Parkwood PlaceAmazing 1 Baths | 830 Square Ft. studio ready f...Studio,1BA$819
Laurel at the Woodlands1 Bed 1 Bath1BR,1BA$828
Miller Manor Apartments1 Bed1BR,1BA$850
The Rockford Arms Apartment CommunityOne-bedroom1BR,1BA$875

Best Value Apartments for Rent in Central, IN and Nearby

As of September 10, 2026 the best value apartment in the Central area is the $0.94 price per square foot 3.2 Model at Whispering Woods I in the in the Riverside Gardens neighborhood starting from $1,015. The second greatest value Central apartment is the 2BR2BA Model at The Foundry starting at $1,021 with a $1.00 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Whispering Woods I3.23BR,2BA$0.94
The Foundry2BR2BA2BR,2BA$1.00
3108 Springfield Dr2 Bedroom2BR,1BA$0.88
By the ParkTwo bedroom2BR,1BA$0.93
Anderson EstatesTwo Bedroom One Bath2BR,1BA$1.04
The San Jose Court Apartment CommunityTwo-bedroom2BR,1BA$0.97
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Paddocks at Ridge Park2.12BR,1BA$1.06
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.94
Knox Landing1 Bed / 1 Bath1BR,1BA$1.06

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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

Explore Central, IN Rentals by Map

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See the most popular apartments and homes in Central, IN

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Frequently Asked Questions about Cheap Central Apartments

How much is rent for a Cheap One Bedroom Central Apartment?

The lowest price for a Cheap One Bedroom Central Apartment is $700 at Knox Landing.

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

Today's best deal for a Cheap Two Bedroom Apartment in Central is starting from $580 at Lower Hunters Trace.

What is the most affordable Central Three Bedroom Apartment?

The best deal on a cheap Central Three Bedroom Apartment rental is at Knox Landing and starts from $900.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.