Cheap Apartments for Rent near Homer, IN from $300 (52 Rentals)

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

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.

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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.

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Cash 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.

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Summit Pointe
$1,191 - $2,418
Total Monthly Price

Total Monthly Price

Base Rent
$1,191 - $2,418
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Summit Pointe

2400 E Main StGreenwood, IN 46143
Corporate Housing
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property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176
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The Crossings
Studio to 2 Bedroom Apartments

The Crossings

3600 Western AveConnersville, IN 47331
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Elmtree Park
Studio to 2 Bedroom Apartments

Elmtree Park

11023 Elmtree Park DrIndianapolis, IN 46229

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.

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Serenity
2 Bedroom Apartments

Serenity

3357 W Serenity PkyConnersville, IN 47331
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125 E Main St
1 Bedroom Apartments

125 E Main St

125 E Main StGreensburg, IN 47240
  • Smoke Free
property at 570 US-52

$1,029

2 Bedroom Rentals

Available Now

570 US-52

FountaintownIN46130

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.

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Showing Results 1-50, Page 1 of 2

Homer, IN Local Guide

Cheapest Available Homer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homer, IN is a Studio unit found at The Crossings priced from $610. LINCOLN PARK APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Homer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The CrossingsStudioStudio,1BA$610
LINCOLN PARK APARTMENTSStudioStudio,1BA$645
Academy Place Apartments1 BR 1 Bath1BR,1BA$675
Elmtree ParkStudio 1 BathStudio,1BA$695
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Willowood EastStudioStudio,1BA$760
Jamestown VillageA2 Thomas Jefferson1BR,1BA$779
Knoll Ridge Townhomes1 Bed, 1 Bath1BR,1BA$850
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$999
St. Andrews1Bd/1Ba Superior 2 Shwr1BR,1BA$1,030

Best Value Apartments for Rent in Homer, IN and Nearby

As of July 15, 2026 the best value apartment in the Homer area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Homer 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 Homer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL33BR,2BA$1.20
Knoll Ridge Townhomes4 Bed, 1.5 bath Townhome4BR,1.5BA$1.28
Knightstown Villas3 Bed 2 Bath3BR,2BA$1.12
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.04
Reflections I2x2 50%x2BR,2BA$1.19
Water Dance Apartments2BR/1BA2BR,1BA$1.27
Academy Place Apartments1 BR 1 Bath1BR,1BA$0.79
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.81
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04
Jamestown VillageA2 Thomas Jefferson1BR,1BA$1.24

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.

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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.

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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.

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

Explore Homer, IN Rentals by Map

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Frequently Asked Questions about Cheap Homer Apartments

What is the Cheapest Studio apartment in Homer?

Currently the most affordable Cheap Studio Apartment in Homer is at The Crossings listed at $610.

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

The lowest price for a Cheap One Bedroom Homer Apartment is $675 at Academy Place Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Homer is starting from $824 at Grand Avenue Commons.

What is the most affordable Homer Three Bedroom Apartment?

The best deal on a cheap Homer Three Bedroom Apartment rental is at Knightstown Villas and starts from $1,175.

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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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.

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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.