Cheap Apartments for Rent in 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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property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176

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
property at 4881 300W

$850 - $925

2 Bedroom Rentals

Available Now

4881 300W

New PalestineIN46163
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125 E Main St
1 Bedroom Apartments

125 E Main St

125 E Main StGreensburg, IN 47240
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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$705
Reflections I1x1 40%t1BR,1BA$722
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Willowood EastStudioStudio,1BA$820
Beckford PlaceOne Bed One Bath1BR,1BA$825
Jamestown VillageA2 Thomas Jefferson1BR,1BA$849
Knoll Ridge Townhomes1 Bed, 1 Bath1BR,1BA$850

Best Value Apartments for Rent in Homer, IN and Nearby

As of May 30, 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 Forestwood Model at Redwood Greenfield starting at $1,624 with a $1.26 price per square foot . 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
Redwood GreenfieldForestwood2BR,2BA$1.26
Knoll Ridge Townhomes3 Bed, 1.5 Bath Townhome3BR,1.5BA$1.22
Knightstown Villas3 Bed 2 Bath3BR,2BA$1.12
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
Academy Place Apartments1 BR 1 Bath1BR,1BA$0.79
Bristol Square1 Bedroom Loft1BR,1.5BA$1.13
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.81
Cumberland Manor2 Bedroom 1 Bath2BR,1BA$1.20
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04

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!

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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 $795 at The Crossings.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.