
Cheap Homes for Rent in Gwynneville, IN from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Gwynneville.


106 W Pennsylvania St

392 W Broadway St

316 E Franklin St

108 W Pennsylvania St

2142 W US Hwy 40
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

48 E Mechanic St

4881 300W

421 N State St

1191 W Michelle Way
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.

701 Center St

640 S Darlene Way

1178 W Jason Way

713 Indiana Ave

317 East Washington St

34 Mildred St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1314 N Cherry St

10166 Southeastern Ave
Gwynneville, IN Local Guide

How much does it cost to rent a home in Gwynneville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gwynneville 2 Bedroom Homes for Rent | $1,085 | $695 | $1,700 |
| Gwynneville 3 Bedroom Homes for Rent | $1,620 | $1,099 | $2,000 |
| Gwynneville 4 Bedroom Homes for Rent | $2,346 | $1,675 | $3,900 |
| Gwynneville 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Gwynneville
Explore Gwynneville
Gwynneville, IN Local Guide
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Cheapest Available Gwynneville Apartments for Rent and Nearby
 The cheapest available apartment rental in Gwynneville, IN is a Studio unit found at LINCOLN PARK APARTMENTS priced from $645. Academy Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Gwynneville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $675 |
| Elmtree Park | Studio 1 Bath | Studio,1BA | $685 |
| Spanish Oaks | Studio | Studio,1BA | $725 |
| The Vineyards Apartment Homes | Studio Classic | Studio,1BA | $819 |
Best Value Apartments for Rent in Gwynneville, IN and Nearby
As of May 03, 2026 the best value apartment in the Gwynneville area is the $1.25 price per square foot Peachtree Model at The Mill in the in the Downtown Shelbyville neighborhood starting from $1,594. The second greatest value Gwynneville apartment is the 4 Bed, 1.5 bath Townhome Model at Knoll Ridge Townhomes starting at $1,600 with a $1.28 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Gwynneville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Mill | Peachtree | 3BR,2BA | $1.25 |
| Knoll Ridge Townhomes | 4 Bed, 1.5 bath Townhome | 4BR,1.5BA | $1.28 |
| Greenfield Knoll Apartments | 2 Bed/ 1.5 Bath TH | 2BR,1.5BA | $1.14 |
| Knightstown Villas | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Reflections I | 2x2 60%cs | 2BR,1BA | $1.22 |
| The Life at Belhaven Place | 2 Bed 2 Bath | 2BR,2BA | $1.25 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $0.79 |
| Bristol Square | 1 Bedroom Loft | 1BR,1.5BA | $1.13 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gwynneville, IN Rentals by Map
See the most popular apartments and homes in Gwynneville, IN
Frequently Asked Questions about Gwynneville
What type of rentals are currently available in Gwynneville?
There are currently 56 Apartments for Rent in Gwynneville, IN with pricing that ranges from $479 to $2,854. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gwynneville ranging from $525 to $3,900.
What is the current price range for Rental Homes in Gwynneville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gwynneville ranges from $525 to $3,900 with an average monthly rent of $1,494.
How much are larger Three and Four Bedroom Rentals in Gwynneville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Gwynneville range from $1,175 to $2,769, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,675 and Four Bedroom Apartments start at $1,600.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.