
Cheap Apartments for Rent in Henry County, IN from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Henry County.


100 First St

Academy Place Apartments

1104 Thornburg St

940 S 15th St
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.

330 N 11th St

Total Monthly Price
417 S 12th St, Unit A, Unit A

Grand Avenue Commons

Total Monthly Price
302 S 12th St, Unit 5, Unit 5

Historic Jennings Apartments
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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.

Fosters Landing Apartments

Kennard Senior Living

Willow Glen Apartments

Autumn Oaks

Stone Run Villas
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Henry County, IN Local Guide

How much does it cost to rent an apartment in Henry County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Henry County 1 Bedroom Apartments | $787 | $600 | $949 |
| Henry County 2 Bedroom Apartments | $987 | $795 | $1,156 |
| Henry County 3 Bedroom Apartments | $1,332 | $1,135 | $1,499 |
Browse Apartments in Henry County
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Cheapest Available Henry County Apartments for Rent
 The cheapest available apartment rental in Henry County, IN is a 1 Bed unit found at Academy Place Apartments priced from $675. Grand Avenue Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $799. Here is today’s list of the most affordable Henry County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $675 |
| Grand Avenue Commons | 2 Beds, 1.5 baths | 2BR,1BA | $799 |
| Jamestown Village | Thomas Jefferson | 1BR,1BA | $829 |
| Knightstown Villas | 2 Bed 1.5 Bath | 2BR,1BA | $1,075 |
| Crestwood MHC | Northstar | 3BR,2BA | $1,124 |
Best Value Apartments for Rent in Henry County, IN
As of April 17, 2026 the best value apartment in the Henry County area is the $0.96 price per square foot The Pulse 5628 Model at Crestwood MHC in the starting from $1,499. The second greatest value Henry County apartment is the Prime FHB Model at Golden Pebble Estates starting at $1,399 with a $0.89 price per square foot . Here is today’s list of the best values for Henry County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Crestwood MHC | The Pulse 5628 | 3BR,2BA | $0.96 |
| Golden Pebble Estates | Prime FHB | 3BR,2BA | $0.89 |
| Knightstown Villas | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| 302 S 12th St, Unit 5 | 302 S 12th St | 2BR,1BA | $0.82 |
| Grand Avenue Commons | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.89 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $0.79 |
| Jamestown Village | Ulysses Grant | 1BR,1BA | $1.45 |
| 815 S Main St, Unit B | 815 S Main St | 2BR,1BA | $2.17 |
| 417 S 12th St, Unit A | 417 S 12th St | 1BR,1BA | $1.73 |
Frequently Asked Questions about Cheap Henry County Apartments
What is the price of a cheap apartment in Henry County?
The cheapest apartment in Henry County is Academy Place Apartments which is listed at $675, while the average apartment in Henry County costs $1,331.
What types of apartments are the cheapest in Henry County?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Henry County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Henry County?
Cheap apartments in Henry County have an average cost of $155 which is $1,176 cheaper than the average rent for all rentals in Henry County.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.