
Cheap Homes for Rent near Homer, IN from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Homer.


129 W Hendricks St

135 W Hendricks St

106 W Broadway St

4881 300W

124 E Taylor St
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.

309 W 11th St

1191 W Michelle Way

113 W 5th St

1220 Lincoln St

18 Hough St

550 Wood St
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.
Homer, IN Local Guide

How much does it cost to rent a home in Homer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homer 2 Bedroom Homes for Rent | $1,151 | $695 | $1,450 |
| Homer 3 Bedroom Homes for Rent | $2,218 | $1,450 | $6,995 |
| Homer 4 Bedroom Homes for Rent | $2,282 | $2,245 | $2,395 |
| Homer 5 Bedroom Homes for Rent | $8,995 | $8,995 | $8,995 |
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Homer, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Crossings | Studio | Studio,1BA | $610 |
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $675 |
| Elmtree Park | Studio 1 Bath | Studio,1BA | $695 |
| Beckford Place | Studio | Studio,1BA | $725 |
Best Value Apartments for Rent in Homer, IN and Nearby
As of August 03, 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 2 Bed/2 Bath Up Model at Greenfield Knoll Apartments starting at $1,329 with a $1.11 price per square foot . Here is today’s list of the best values for Homer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.20 |
| Greenfield Knoll Apartments | 2 Bed/2 Bath Up | 2BR,2BA | $1.11 |
| SPICELAND VILLAS | 2 BED 2 BATH | 2BR,2BA | $1.01 |
| Knightstown Villas | 3 Bed 2 Bath | 3BR,2BA | $1.12 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Jamestown Village | B2 George Washington | 2BR,1.5BA | $1.19 |
| The Life at Belhaven Place | 2 Bed 2 Bath | 2BR,2BA | $1.25 |
| Academy Place Apartments | 1 BR 1 Bath | 1BR,1BA | $0.79 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Homer
What type of rentals are currently available in Homer?
There are currently 60 Apartments for Rent in Homer, IN with pricing that ranges from $479 to $2,600. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homer ranging from $525 to $8,995.
What is the current price range for Rental Homes in Homer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Homer ranges from $525 to $8,995 with an average monthly rent of $1,770.
How much are larger Three and Four Bedroom Rentals in Homer?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Homer range from $1,115 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $6,995. Four Bedroom Single-Family rentals are also available starting from $2,245 and Four Bedroom Apartments start at $1,600.
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

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.

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.

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.

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.