
Cheap Homes for Rent in Columbus, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Columbus.


129 W Hendricks St

135 W Hendricks St

4378 Ashworth Ln

106 W Broadway St

1111 Franklin St, Unit #1111 1/2
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.

714 Chestnut St

603 Chestnut St

1511 Washington St

409 6th St

1220 Lincoln St

120 E King St
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.

742 S Obrien St
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 | $1,372 | $1,150 | $1,900 |
| Columbus 3 Bedroom Homes for Rent | $1,747 | $1,275 | $2,350 |
| Columbus 4 Bedroom Homes for Rent | $2,158 | $1,950 | $2,375 |
| Columbus 5 Bedroom Homes for Rent | $4,146 | $750 | $8,995 |
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Columbus, IN Local Guide
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Cheapest Neighborhoods for Apartments in Columbus, IN
Pricing Updated: 07/28/2026Current 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 | 56 |
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 $725. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $725 |
| Bloomfield Apartments | One Bedroom | 1BR,1BA | $805 |
| Williamsburg Way | The Richmond | 2BR,1BA | $899 |
| Parkview Townhomes | 1 Bed 1 Baths | 1BR,1BA | $1,050 |
| Residences on Carr Hill | S2 Matthew | Studio,1BA | $1,069 |
Best Value Apartments for Rent in Columbus, IN
As of July 29, 2026 the best value apartment in the Columbus area is the $1.01 price per square foot 4BR Upstairs Model at Arbor at Water's Edge in the in the Downtown Columbus IN neighborhood starting from $1,460. The second greatest value Columbus apartment is the The Admiral Model at Monarch Crossing starting at $1,450 with a $1.36 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 | $1.01 |
| Monarch Crossing | The Admiral | 2BR,2BA | $1.36 |
| Briarwood of Columbus | Two Bedroom Townhome | 2BR,1.5BA | $1.38 |
| Townhomes at 28th | Two Bedroom One Bath | 2BR,1BA | $1.22 |
| St. Barts Apartments | The Redbud | 2BR,2BA | $1.50 |
| Parkview Townhomes | 2THR | 2BR,1.5BA | $1.45 |
| The Cole | A2 | 1BR,1BA | $1.49 |
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $1.05 |
| Williamsburg Way | The Winchester | 1BR,1BA | $1.43 |
| Bloomfield Apartments | One Bedroom | 1BR,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.
Read ArticleReal 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.
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 53 Apartments for Rent in Columbus, IN with pricing that ranges from $650 to $4,549. There are also 47 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 $2,041.
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 $1,315 to $4,549, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $650.
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

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.

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.

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.

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.