Cheap Apartments for Rent near Ferdinand, IN from $500 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in Ferdinand.

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.

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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.

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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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SPRING VALLEY FLATS
1 to 2 Bedroom Apartments

SPRING VALLEY FLATS

4400 Spring Valley RdEvansville, IN 47710
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
  • Utilities Included
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included
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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included

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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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
  • Utilities Included
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Andrea Court North
2 Bedroom Apartments

Andrea Court North

8955 Andrea CtNewburgh, IN 47630
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Legacy Commons
1 to 2 Bedroom Apartments

Legacy Commons

630 Chuck Gray CtOwensboro, KY 42303
  • Utilities Included

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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RNA RENTAL
1 to 3 Bedroom Apartments

RNA RENTAL

1811 Carter RdOwensboro, KY 42301
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Ferdinand, IN Local Guide

Cheapest Available Ferdinand Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ferdinand, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Shannon Glenn in the Lant Manor neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $710. Here is today’s list of the most affordable Ferdinand apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Shannon GlennMcConnell2BR,1BA$710
MeadowoodStudio RenoStudio,1BA$720
Abbey Court ApartmentsCambridge1BR,1BA$750
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Ambassador VillasAmbassador 1 BD1BR,1BA$750
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$785
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$818
Pavilion Lakes ApartmentsThe Michigan1BR,1BA$849
Ironton at Shoals2 Beds, 1 Baths2BR,1BA$850

Best Value Apartments for Rent in Ferdinand, IN and Nearby

As of August 18, 2026 the best value apartment in the Ferdinand area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Ferdinand apartment is the The Willow Townhome Model at Kimber Green Apartments starting at $1,149 with a $1.10 price per square foot in the Lant Manor neighborhood. Here is today’s list of the best values for Ferdinand apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Kimber Green ApartmentsThe Willow Townhome2BR,1.5BA$1.10
River ClubDelaware - Renovated2BR,1BA$1.16
Pavilion Lakes ApartmentsThe Monroe2BR,1.5BA$1.20
Terra Trace Apartments2x1.5-9362BR,1.5BA$1.12
Andrea Court NorthAndrea Court North2BR,1BA$1.03
Ironton at Shoals2 Beds, 1 Baths2BR,1BA$1.13
Abbey Court ApartmentsCambridge1BR,1BA$1.01
Ambassador VillasAmbassador 1 BD1BR,1BA$1.07
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ferdinand, IN Rentals by Map

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Frequently Asked Questions about Cheap Ferdinand Apartments

How much is rent for a Cheap One Bedroom Ferdinand Apartment?

The lowest price for a Cheap One Bedroom Ferdinand Apartment is $599 at SPRING VALLEY FLATS.

What is the lowest price for a Cheap Two Bedroom Ferdinand Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ferdinand is starting from $710 at Shannon Glenn.

What is the most affordable Ferdinand Three Bedroom Apartment?

The best deal on a cheap Ferdinand Three Bedroom Apartment rental is at Royal Arms of Owensboro and starts from $1,330.

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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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.