Cheap Apartments for Rent in Henry County, IN from $300 (15 Rentals)

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

property at 1104 Thornburg St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1104 Thornburg St

New CastleIN47362
property at 940 S 15th St

$695 - $1,075

1 To 2 Bedroom Rentals

Available Now

940 S 15th St

New CastleIN47362

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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.

property at 330 N 11th St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Townhome for Rent

Available Now

330 N 11th St

New CastleIN47362

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Kennard Senior Living
Studio to 1 Bedroom Apartments

Kennard Senior Living

232 N Vine StKennard, IN 47351
Senior Living
  • Utilities Included
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Autumn Oaks
1 to 3 Bedroom Apartments

Autumn Oaks

100 Autumn Oaks BlvdNew Castle, IN 47362
Corporate Housing
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Stone Run Villas
2 to 3 Bedroom Apartments

Stone Run Villas

123 W Morgan StKnightstown, IN 46148

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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 ListingModel NameBed/BathPriced From
Academy Place Apartments1 BR 1 Bath1BR,1BA$675
Grand Avenue Commons2 Beds, 1.5 baths2BR,1BA$799
Jamestown VillageThomas Jefferson1BR,1BA$829
Knightstown Villas2 Bed 1.5 Bath2BR,1BA$1,075
Crestwood MHCNorthstar3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Crestwood MHCThe Pulse 56283BR,2BA$0.96
Golden Pebble EstatesPrime FHB3BR,2BA$0.89
Knightstown Villas3 Bed 2 Bath3BR,2BA$1.12
302 S 12th St, Unit 5302 S 12th St2BR,1BA$0.82
Grand Avenue Commons2 Beds, 1.5 baths2BR,1.5BA$0.89
Academy Place Apartments1 BR 1 Bath1BR,1BA$0.79
Jamestown VillageUlysses Grant1BR,1BA$1.45
815 S Main St, Unit B815 S Main St2BR,1BA$2.17
417 S 12th St, Unit A417 S 12th St1BR,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

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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.

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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.

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.