
Cheap Homes for Rent in Columbus, IN from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Columbus.


392 W Broadway St

529 West Washington St

316 E Franklin St

4378 Ashworth Ln
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.

216 Progress Rd

106 W Broadway St

321 E Mechanic St

217 N Hamilton St

647 W Franklin St
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.

210 5th St

703 Center St

1113 Franklin St

1430 Chestnut St

1947 Bonnie Ct
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.

34 Mildred St

320 17th 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 | $1,126 | $775 | $1,425 |
| Columbus 3 Bedroom Homes for Rent | $2,521 | $1,299 | $6,995 |
| Columbus 4 Bedroom Homes for Rent | $2,182 | $1,650 | $2,675 |
| Columbus 5 Bedroom Homes for Rent | $3,293 | $750 | $8,995 |
| Columbus 6 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Top Homes for Rent in Columbus
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Columbus, IN Local Guide
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Cheapest Neighborhoods for Apartments in Columbus, IN
Pricing Updated: 06/13/2026Current 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 | $3,174 | $785 | 60 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $700 |
| Bloomfield Apartments | One Bedroom | 1BR,1BA | $805 |
| Applegate | Studio | Studio,1BA | $859 |
| Briarwood of Columbus | One Bedroom Apartment | 1BR,1BA | $972 |
| Charleston Square Apartments | 2 Bed 1 Baths | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbor at Water's Edge | 4BR Downstairs | 4BR,2BA | $1.20 |
| Williamsburg Way | The Yorktown | 3BR,1.5BA | $1.01 |
| Stonegate | Two Bedroom Two Bath | 2BR,2BA | $1.20 |
| Townhomes at 28th | Two Bedroom One Bath | 2BR,1BA | $1.22 |
| Parkview Townhomes | 2THR | 2BR,1.5BA | $1.50 |
| Columbus Crossing Townhomes | 2 Bedroom | 2BR,1BA | $1.60 |
| Charleston Square Apartments | 2 Bed 1 Baths | 2BR,1BA | $1.43 |
| Briarwood of Columbus | One Bedroom Apartment | 1BR,1BA | $1.34 |
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $1.01 |
| 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
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 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

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.

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.

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.

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.