Cheap Homes for Rent in Columbus, IN from $500 (17 Rentals)

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

property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176
property at 4378 Ashworth Ln

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

5 Bedroom, 2.5 Bath Home for Rent

Available Now

4378 Ashworth Ln

ColumbusIN47201

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.

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.

Columbus, IN Local Guide

Cheapest Neighborhoods for Apartments in Columbus, IN

Pricing Updated: 06/13/2026

Current apartment rentals in the Columbus, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Columbus Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Columbus IN$3,174$78560

Cheapest Available Columbus Apartments for Rent

 

The cheapest available apartment rental in Columbus, IN is a 2 Beds unit found at The Annex of Columbus priced from $700. Bloomfield Apartments in the Downtown Columbus IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $805. Here is today’s list of the most affordable Columbus apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Annex of Columbus2 Bed 2 Bath2BR,2BA$700
Bloomfield ApartmentsOne Bedroom1BR,1BA$805
ApplegateStudioStudio,1BA$859
Briarwood of ColumbusOne Bedroom Apartment1BR,1BA$972
Charleston Square Apartments2 Bed 1 Baths2BR,1BA$1,100

Best Value Apartments for Rent in Columbus, IN

As of June 13, 2026 the best value apartment in the Columbus 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 Columbus apartment is the The Yorktown Model at Williamsburg Way starting at $1,225 with a $1.01 price per square foot in the Downtown Columbus IN neighborhood. Here is today’s list of the best values for Columbus apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbor at Water's Edge4BR Downstairs4BR,2BA$1.20
Williamsburg WayThe Yorktown3BR,1.5BA$1.01
StonegateTwo Bedroom Two Bath2BR,2BA$1.20
Townhomes at 28thTwo Bedroom One Bath2BR,1BA$1.22
Parkview Townhomes2THR2BR,1.5BA$1.50
Columbus Crossing Townhomes2 Bedroom2BR,1BA$1.60
Charleston Square Apartments2 Bed 1 Baths2BR,1BA$1.43
Briarwood of ColumbusOne Bedroom Apartment1BR,1BA$1.34
The Annex of Columbus2 Bed 2 Bath2BR,2BA$1.01
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Columbus

What type of rentals are currently available in Columbus?

There are currently 53 Apartments for Rent in Columbus, IN with pricing that ranges from $600 to $4,722. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Columbus ranging from $525 to $8,995.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Columbus ranges from $525 to $8,995 with an average monthly rent of $1,928.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Columbus range from $1,225 to $4,421, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $6,995. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $600.

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

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.

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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.