Cheap Apartments for Rent in the Downtown Columbus IN Neighborhood of Columbus, IN from $700 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Columbus IN area of Columbus.

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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Townhomes at 28th
Rent Specials
$1,155 - $1,355
Total Monthly Price

Total Monthly Price

Base Rent
$1,155 - $1,355

Total Monthly Price
$1,155 - $1,355
2 to 3 Bedroom Apartments Available Now

Townhomes at 28th

1560 28th StColumbus, IN 47201
Military
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property at 1331 Sycamore St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

1331 Sycamore St

ColumbusIN47201

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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Willowood Apartments
Studio to 2 Bedroom Apartments

Willowood Apartments

3541 Cardinal CtColumbus, IN 47203
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Applegate
Studio to 2 Bedroom Apartments

Applegate

2230 Applegate DrColumbus, IN 47203
Corporate Housing
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Ashford Park
1 to 3 Bedroom Apartments

Ashford Park

1001 Ashford Park PlColumbus, IN 47201
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Arbor at Water's Edge
1 to 4 Bedroom Apartments

Arbor at Water's Edge

4060 N 150 WColumbus, IN 47201
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Downtown Columbus IN, Columbus, IN Local Guide

Cheapest Available Downtown Columbus IN Apartments for Rent

 

The cheapest available apartment rental in the Downtown Columbus IN area of Columbus, IN is a 1 Bed unit found at Bloomfield Apartments priced from $805. Applegate has the second lowest priced unit, which is a Studio apartment currently listed from $859. Here are the most affordable Downtown Columbus IN apartments for rent in Columbus, IN:

Apartment ListingModel NameBed/BathPriced From
Bloomfield ApartmentsOne Bedroom1BR,1BA$805
ApplegateStudioStudio,1BA$859
Briarwood of ColumbusOne Bedroom Apartment1BR,1BA$978
Charleston Square Apartments2 Bed 1 Baths2BR,1BA$1,100
Quail Run1 Bedroom1BR,1BA$1,150
Townhomes at 28thTwo Bedroom One Bath2BR,1BA$1,205
TaylorS2Studio,1BA$1,262
Parkview Townhomes2TH2BR,1BA$1,275
StonegateTwo Bedroom Two Bath2BR,2BA$1,299
Columbus Crossing Townhomes2 Bedroom2BR,1BA$1,325

Best Value Apartments for Rent in Downtown Columbus IN, IN

As of June 16, 2026 the best value apartment in the Downtown Columbus IN area is the $1.20 price per square foot 4BR Downstairs Model at Arbor at Water's Edge in the in the Downtown Columbus IN neighborhood starting from $1,640. The second greatest value Downtown Columbus IN apartment is the Two Bedroom Two Bath Model at Stonegate starting at $1,299 with a $1.20 price per square foot in the Downtown Columbus IN neighborhood. Here is today’s list of the best values for Downtown Columbus IN apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbor at Water's Edge4BR Downstairs4BR,2BA$1.20
StonegateTwo Bedroom Two Bath2BR,2BA$1.20
Townhomes at 28thTwo Bedroom One Bath2BR,1BA$1.18
Parkview Townhomes2THR2BR,1.5BA$1.50
The ColeA21BR,1BA$1.58
Columbus Crossing Townhomes2 Bedroom2BR,1BA$1.60
Charleston Square Apartments2 Bed 1 Baths2BR,1BA$1.43
Briarwood of ColumbusOne Bedroom Apartment1BR,1BA$1.35
Quail Run1 Bedroom1BR,1BA$1.66
Bloomfield ApartmentsOne Bedroom1BR,1BA$1.25

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

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.

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Pet Friendly Lifestyle
Downtown Columbus In, Columbus, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Columbus IN Apartments

How much is rent for a Cheap One Bedroom Downtown Columbus IN Apartment?

The lowest price for a Cheap One Bedroom Downtown Columbus IN Apartment is $805 at Bloomfield Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Columbus IN Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Columbus IN is starting from $865 at Bloomfield Apartments.

What is the most affordable Downtown Columbus IN Three Bedroom Apartment?

The best deal on a cheap Downtown Columbus IN Three Bedroom Apartment rental is at Townhomes at 28th and starts from $1,305.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.