Cheap Apartments for Rent near Freetown, IN from $500 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Townhomes at 28th
Rent Specials
$1,255 - $1,355
Total Monthly Price

Total Monthly Price

Base Rent
$1,255 - $1,355

Total Monthly Price
$1,255 - $1,355
2 to 3 Bedroom Apartments Available Now

Townhomes at 28th

1560 28th StColumbus, IN 47201
Military
  • Verified
  • 3D Tour
  • Smoke Free

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.

close
View Me
Applegate
Studio to 2 Bedroom Apartments

Applegate

2230 Applegate DrColumbus, IN 47203
Corporate Housing
close
View Me
2511 Q St
1 to 2 Bedroom Apartments

2511 Q St

2511 Q StBedford, IN 47421
close
View Me
Arbor at Water's Edge
1 to 4 Bedroom Apartments

Arbor at Water's Edge

4060 N 150 WColumbus, IN 47201
  • Utilities Included
close
View Me
SummerHouse
1 to 3 Bedroom Apartments

SummerHouse

4501 E 3rd StBloomington, IN 47401
Student Housing
  • 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.

Freetown, IN Local Guide

Cheapest Available Freetown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Freetown, 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 Freetown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Annex of Columbus2 Bed 2 Bath2BR,2BA$725
Bloomfield ApartmentsOne Bedroom1BR,1BA$805
Park RidgePark Ridge - 1 Bedroom - Waived Admin Fees & $3...1BR,1BA$849
Williamsburg WayThe Richmond2BR,1BA$899
Parkview Townhomes1 Bed 1 Baths1BR,1BA$1,050
Residences on Carr HillS2 MatthewStudio,1BA$1,069
Burkart Crossing ApartmentsCortland1BR,1BA$1,084
Tracks at Seymour2 Bedroom Talladega2BR,1BA$1,125
Quail Run1 Bedroom1BR,1BA$1,150
The ColeA11BR,1BA$1,195

Best Value Apartments for Rent in Freetown, IN and Nearby

As of July 28, 2026 the best value apartment in the Freetown 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 Freetown apartment is the Two Bedroom Two Bath Model at Stonegate starting at $1,439 with a $1.33 price per square foot in the Downtown Columbus IN neighborhood. Here is today’s list of the best values for Freetown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbor at Water's Edge4BR Upstairs4BR,2BA$1.01
StonegateTwo Bedroom Two Bath2BR,2BA$1.33
Monarch CrossingThe Admiral2BR,2BA$1.36
Briarwood of ColumbusTwo Bedroom Townhome2BR,1.5BA$1.38
Townhomes at 28thTwo Bedroom One Bath2BR,1BA$1.22
Burkart Crossing ApartmentsMedora2BR,1BA$1.26
Tracks at Seymour2 Bedroom Talladega2BR,1BA$1.34
The MonroeB22BR,2BA$1.02
The Annex of Columbus2 Bed 2 Bath2BR,2BA$1.05
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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Freetown, IN Rentals by Map

View Map
Freetown, IN Apartments Map
View Map
Freetown, IN Rental Homes Map

Frequently Asked Questions about Cheap Freetown Apartments

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

The lowest price for a Cheap One Bedroom Freetown Apartment is $805 at Bloomfield Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Freetown is starting from $725 at The Annex of Columbus.

What is the most affordable Freetown Three Bedroom Apartment?

The best deal on a cheap Freetown Three Bedroom Apartment rental is at Burkart Crossing Apartments and starts from $1,657.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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.