Cheap Apartments for Rent in Homer, IN from $300 (20 Rentals)

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

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 202 E Taylor St

202 E Taylor St

ShelbyvilleIN46176
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SERENITY
2 Bedroom Apartments

SERENITY

3357 W Serenity PkyConnersville, IN 47331
property at 4881 300W

4881 300W

New PalestineIN46163

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Homer, IN Local Guide

Cheapest Available Homer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homer, IN is a 1 Bed unit found at Grand Avenue Commons priced from $376. LINCOLN PARK APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $470. Here is today’s list of the most affordable Homer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$376
LINCOLN PARK APARTMENTSOne Bedroom One Bathroom1BR,1BA$470
The CrossingsStudioStudio,1BA$575
Beckford PlaceOne Bed One Bath1BR,1BA$825
The Life at Belhaven Place1 Bed 1 Bath1BR,1BA$924

Best Value Apartments for Rent in Homer, IN and Nearby

As of June 03, 2025 the best value apartment in the Homer area is the $1.24 price per square foot The Constellation 3 BR 2 BA Model at Latitudes Apartments in the in the Southeast Indianapolis neighborhood starting from $1,695. The second greatest value Homer apartment is the Haydenwood Model at Redwood Indianapolis starting at $1,703 with a $1.27 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.
Latitudes ApartmentsThe Constellation 3 BR 2 BA3BR,2BA$1.24
Redwood IndianapolisHaydenwood2BR,2BA$1.27
Brixin FranklinD1r3BR,2BA$1.13
Summit PointeThe Andes2BR,2BA$1.26
Washington Village ApartmentsThe Estate3BR,2BA$1.18
Keeneland Crest ApartmentsVictorian2BR,2BA$1.17
Martin Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.05
LINCOLN PARK APARTMENTSTwo Bedrooms One Bathroom2BR,1BA$0.89
The Life at Belhaven Place1 Bed 1 Bath1BR,1BA$1.21
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$0.54

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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 $575.

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

The lowest price for a Cheap One Bedroom Homer Apartment is $376 at Grand Avenue Commons.

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 $459 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 Loper Commons and starts from $1,357.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.