Cheap Apartments for Rent in Colfax, IN from $700 (41 Rentals)

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

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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The Brakeman Apartments
Studio to 2 Bedroom Apartments

The Brakeman Apartments

230 S Lebanon StLebanon, IN 46052
Corporate Housing
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Washington Square
1 to 2 Bedroom Apartments

Washington Square

614 S Washington StCrawfordsville, IN 47933

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 1-41, Page 1 of 1

Colfax, IN Local Guide

Cheapest Available Colfax Apartments for Rent and Nearby

 

The cheapest available apartment rental in Colfax, IN is a 1 Bed unit found at Pheasant Run priced from $884. Cloverdale Heights has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here is today’s list of the most affordable Colfax apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pheasant RunThe Pheasant 1 BR 1 BA1BR,1BA$884
Cloverdale Heights1 BR/ 1 BA (includes $30 water sewer trash)1BR,1BA$890
Village Square Apartments1x1A R1BR,1BA$899
Georgetown South1 Bedroom1BR,1BA$900
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975
The Ravine Apartment HomesThe Hawthorne1BR,1BA$989
451 Lebanon Apartments1D1BR,1BA$990
Eastgate Townhomes2 Bed 1 Bath Townhome2BR,1BA$1,050
Cross Winds Apartments1 Bed/1 Bath1BR,1BA$1,050
Ben Hur ApartmentsStandard 1 Bedroom1BR,1BA$1,085

Best Value Apartments for Rent in Colfax, IN and Nearby

As of July 28, 2026 the best value apartment in the Colfax area is the $1.03 price per square foot Two Bed Townhome (T1) Model at Waterford Court in the starting from $1,314. The second greatest value Colfax apartment is the 3 Bed 1 Bath Model at McCarty Place Apartments starting at $1,356 with a $1.25 price per square foot . Here is today’s list of the best values for Colfax apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Waterford CourtTwo Bed Townhome (T1)2BR,2.5BA$1.03
McCarty Place Apartments3 Bed 1 Bath3BR,1BA$1.25
Twyckenham ApartmentsThree bedroom townhome3BR,1.5BA$1.37
Deerfield Commons ApartmentsTecumseh3BR,1.5BA$1.33
The Reserve at Madison FlattsB12BR,2BA$1.35
Ashley Oaks Apartments2BR1.5BR2BR,1.5BA$1.18
Eastgate Townhomes2 Bed 1 Bath Townhome2BR,1BA$1.22
Cross Winds Apartments1 Bed/1 Bath1BR,1BA$1.31
Georgetown South2 Bedroom2BR,1BA$1.31
The Ravine Apartment HomesThe Hawthorne1BR,1BA$1.26

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

Explore Colfax, IN Rentals by Map

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Frequently Asked Questions about Cheap Colfax Apartments

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

The lowest price for a Cheap One Bedroom Colfax Apartment is $884 at Pheasant Run.

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

Today's best deal for a Cheap Two Bedroom Apartment in Colfax is starting from $1,050 at Georgetown South.

What is the most affordable Colfax Three Bedroom Apartment?

The best deal on a cheap Colfax Three Bedroom Apartment rental is at Winfield Farms - Garages Available and starts from $1,185.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.