
Cheap Homes for Rent in Columbus, IN from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Columbus.


106 W Pennsylvania St

392 W Broadway St

316 E Franklin St
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.

108 W Pennsylvania St

216 Progress Rd

106 W Broadway St

4378 Ashworth Ln
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.

713 Indiana Ave
Columbus, IN Local Guide

How much does it cost to rent a home in Columbus?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Columbus 2 Bedroom Homes for Rent | $1,224 | $695 | $1,895 |
| Columbus 3 Bedroom Homes for Rent | $2,165 | $1,299 | $6,995 |
| Columbus 4 Bedroom Homes for Rent | $2,557 | $2,035 | $3,900 |
| Columbus 5 Bedroom Homes for Rent | $4,897 | $800 | $8,995 |
Browse Top Homes for Rent in Columbus
Explore Columbus
Columbus, IN Local Guide
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Cheapest Neighborhoods for Apartments in Columbus, IN
Pricing Updated: 04/29/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Columbus IN | $1,665 | $785 | 55 |
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 $625. Applegate in the Downtown Columbus IN neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $819. Here is today’s list of the most affordable Columbus apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $625 |
| Applegate | Studio | Studio,1BA | $819 |
| Briarwood of Columbus | One Bedroom Apartment | 1BR,1BA | $1,033 |
Best Value Apartments for Rent in Columbus, IN
As of April 29, 2026 the best value apartment in the Columbus area is the $1.10 price per square foot 4BR Upstairs Model at Arbor at Water's Edge in the in the Downtown Columbus IN neighborhood starting from $1,597. The second greatest value Columbus apartment is the Two Bedroom Two Bath Model at Stonegate starting at $1,359 with a $1.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbor at Water's Edge | 4BR Upstairs | 4BR,2BA | $1.10 |
| Stonegate | Two Bedroom Two Bath | 2BR,2BA | $1.26 |
| The Enclave Apartments | T.HOME | 2BR,2BA | $1.42 |
| 1422 Chestnut St, Unit B | 1422 Chestnut St | 3BR,1.5BA | $1.48 |
| Townhomes at 28th | Two Bedroom One Bath | 2BR,1BA | $1.22 |
| Parkview Townhomes | 2THR | 2BR,1.5BA | $1.50 |
| Charleston Square Apartments | 2 Bed 1 Baths | 2BR,1BA | $1.43 |
| Briarwood of Columbus | One Bedroom Apartment | 1BR,1BA | $1.42 |
| Quail Run | 1 Bedroom | 1BR,1BA | $1.66 |
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $0.90 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Columbus, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Columbus, IN Rentals by Map
See the most popular apartments and homes in Columbus, IN
Frequently Asked Questions about Columbus
What type of rentals are currently available in Columbus?
There are currently 51 Apartments for Rent in Columbus, IN with pricing that ranges from $500 to $8,391. There are also 49 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 $2,292.
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 $8,391, 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 $2,035 and Four Bedroom Apartments start at $500.
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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.