Cheap Homes for Rent near Hillsboro, IN from $400 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Hillsboro.

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.

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.

Hillsboro, IN Local Guide

Cheapest Available Hillsboro Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hillsboro, IN is a 2 Beds unit found at Sycamore Estates priced from $225. Southfork Apartments in the Discovery Park neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $499. Here is today’s list of the most affordable Hillsboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sycamore EstatesMobile Home Lot2BR,1BA$225
Southfork ApartmentsFloorplan D4BR,2BA$499
420 S Chauncey Avenue1BR/1.0BA1BR,1BA$649
2712 bedroom/1 bath- rent by the room (female & ma...2BR,1BA$675
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699

Best Value Apartments for Rent in Hillsboro, IN and Nearby

As of August 07, 2026 the best value apartment in the Hillsboro area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Hillsboro apartment is the 2 Bed 2 Bath Sm Apt Model at Devonshire Village starting at $1,206 with a $1.09 price per square foot . Here is today’s list of the best values for Hillsboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes on Main3x2-80%3BR,2BA$0.81
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
The Reserve at Madison FlattsB12BR,2BA$1.35
The Ridge 22 Bed / 1 Bath2BR,1BA$0.96
Shadeland Estates3BR/1.0BA3BR,1BA$1.30
Sycamore EstatesMobile Home Rental3BR,1BA$0.67
Georgetown South2 Bedroom2BR,1BA$1.31
The Grove2BR2BR,1BA$1.35
2712BR/1.0BA2BR,1BA$1.07
Townway Place1 Beds, 1 Baths1BR,1BA$1.33

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 Hillsboro, IN Rentals by Map

View Map
Hillsboro, IN Apartments Map
View Map
Hillsboro, IN Rental Homes Map

Frequently Asked Questions about Hillsboro

What type of rentals are currently available in Hillsboro?

There are currently 58 Apartments for Rent in Hillsboro, IN with pricing that ranges from $225 to $2,903. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hillsboro ranging from $495 to $2,700.

What is the current price range for Rental Homes in Hillsboro?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hillsboro ranges from $495 to $2,700 with an average monthly rent of $1,336.

How much are larger Three and Four Bedroom Rentals in Hillsboro?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hillsboro range from $486 to $2,386, while Three Bedroom Homes, Condos, and Townhomes for rent range from $625 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $499.

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

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.

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.