Cheap Apartments for Rent in Kokomo, IN from $398 (47 Rentals)

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

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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property at 1221 S Washington St
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

1221 S Washington St, Unit 1

1221 S Washington St
KokomoIN46902
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Kingston Square
2 to 3 Bedroom Apartments

Kingston Square

1495 N Webster StKokomo, IN 46901
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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living
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Tudor Apartments
Studio to 2 Bedroom Apartments

Tudor Apartments

513 N Buckeye StKokomo, IN 46901
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Kokomo Homes
1 to 2 Bedroom Apartments

Kokomo Homes

600 Marsha CtKokomo, IN 46902

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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Vinton Woods
1 to 3 Bedroom Apartments

Vinton Woods

3150 Vinton CirKokomo, IN 46902
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1302 W Sycamore St
1 to 2 Bedroom Apartments

1302 W Sycamore St

1302 W Sycamore StKokomo, IN 46901
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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
Corporate Housing
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Lincolnwood Apartments
1 to 4 Bedroom Apartments

Lincolnwood Apartments

2101 Mark LnKokomo, IN 46902
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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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Villas de Fontenelle
Studio to 3 Bedroom Apartments

Villas de Fontenelle

110 W Rainbow CirKokomo, IN 46902
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Park Place Apartments
Studio to 2 Bedroom Apartments

Park Place Apartments

1901 S Park RdKokomo, IN 46902
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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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Showing Results 1-47, Page 1 of 1

Kokomo, IN Local Guide

Cheapest Available Kokomo Apartments for Rent

 

The cheapest available apartment rental in Kokomo, IN is a 1 Bed unit found at Apperson Way Apartments priced from $398. Walnut Manor has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Kokomo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apperson Way Apartments1 Bedroom1BR, 1BA$398
Walnut ManorSTUDIOStudio, 1BA$650
Turtle Creek KokomoSpringStudio, 1BA$715
Countryside Villas Apartments1/11BR, 1BA$765
Kingston Green Apartments1 BEDROOM G1BR, 1BA$800
Fox Acres Apartments1 Bed Room1BR, 1BA$835
Winding Brook Apartments1 Bedroom - 2nd Floor1BR, 1BA$845
Ashbury Apartments1 Bedroom - 2nd Floor1BR, 1BA$845
Bradford Run ApartmentsRedbud1BR, 1BA$863

Best Value Apartments for Rent in Kokomo, IN

As of September 18, 2026 the best value apartment in the Kokomo area is the $1.17 price per square foot 3 Bedroom Townhomes Model at Apperson Way Apartments starting from $1,227. The second greatest value Kokomo apartment is the Sycamore Model at Amberwood Place starting at $1,079 with a $1.13 price per square foot. Here is today’s list of the best values for Kokomo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apperson Way Apartments3 Bedroom Townhomes3BR, 2BA$1.17
Amberwood PlaceSycamore2BR, 1BA$1.13
Timbernest Town Homes2 Bed, 1.5 Ba Partially Renovated2BR, 1.5BA$1.24
Welcome to Jefferson Crossing Townhomes2 Bed, 1 Ba TH Renovated2BR, 1BA$1.19
Carter West Apartments & Townhouses2bed/1bath Renovated2BR, 1BA$1.21
Countryside Villas Apartments1/11BR, 1BA$1.02
Fox Acres Apartments1 Bed Room1BR, 1BA$1.11
First Flats2bed/1bath Renovated2BR, 1BA$1.25
The Annex of Kokomo2 Bed 2 Bath2BR, 2BA$0.91
620 W Walnut St620 W Walnut St1BR, 1BA$1.08

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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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.

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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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Quick Rent Budget Calculator

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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Kokomo, IN

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

Explore Kokomo, IN Rentals by Map

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Frequently Asked Questions about Cheap Kokomo Apartments

What is the Cheapest Studio apartment in Kokomo?

Currently the most affordable Cheap Studio Apartment in Kokomo is at Walnut Manor listed at $650.

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

The lowest price for a Cheap One Bedroom Kokomo Apartment is $398 at Apperson Way Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Kokomo is starting from $479 at Apperson Way Apartments.

What is the most affordable Kokomo Three Bedroom Apartment?

The best deal on a cheap Kokomo Three Bedroom Apartment rental is at Apperson Way Apartments and starts from $551.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.