Cheap Apartments for Rent near Homer, IN from $479 (30 Rentals)

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

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.

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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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The Crossings
Studio to 2 Bedroom Apartments

The Crossings

3600 Western AveConnersville, IN 47331
property at 202 E Taylor St

$525 - $695

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176
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Elmtree Park
Studio to 2 Bedroom Apartments

Elmtree Park

11023 Elmtree Park DrIndianapolis, IN 46229
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403-407 E Washington St
1 Bedroom Apartments

403-407 E Washington St

403-407 E Washington StShelbyville, IN 46176
Student Housing

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.

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523 Miller Ave
1 Bedroom Apartments

523 Miller Ave

523 Miller AveShelbyville, IN 46176
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Serenity
2 Bedroom Apartments

Serenity

3357 W Serenity PkyConnersville, IN 47331

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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125 E Main St
1 Bedroom Apartments

125 E Main St

125 E Main StGreensburg, IN 47240
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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
The MillPembertonStudio,1BA$690
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Elmtree ParkStudio 1 BathStudio,1BA$735
Willowood EastStudioStudio,1BA$765
523 Miller Ave1BR/1.0BA1BR,1BA$800
Knoll Ridge Townhomes1 Bed, 1 Bath1BR,1BA$850
Jamestown VillageA2 Thomas Jefferson1BR,1BA$899
Cumberland Manor1 Bedroom 1 Bath1BR,1BA$950

Best Value Apartments for Rent in Homer, IN and Nearby

As of August 29, 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 D1r Model at Brixin Franklin starting at $1,695 with a $1.28 price per square foot in the Cityview Farm 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
Brixin FranklinD1r3BR,2BA$1.28
Knoll Ridge Townhomes4 Bed, 1.5 bath Townhome4BR,1.5BA$1.28
Greenfield Knoll Apartments2 Bed/ 1.5 Bath TH2BR,1.5BA$1.25
Knightstown Villas3 Bed 2 Bath3BR,2BA$1.12
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.04
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
Water Dance Apartments2BR/1BA2BR,1BA$1.27
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.81
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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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.

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

Explore Homer, IN Rentals by Map

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See the most popular apartments and homes in Homer, IN

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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 $679 at The Crossings.

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 $829 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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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.

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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.