Cheap Apartments for Rent in Kokomo, IN from $300 (67 Rentals)

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

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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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

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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1826 S Goyer Rd
1 Bedroom Apartments

1826 S Goyer Rd

1826 S Goyer RdKokomo, IN 46902
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Tudor Apartments
Studio to 2 Bedroom Apartments

Tudor Apartments

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

Kokomo Homes

600 Marsha CtKokomo, IN 46902
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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

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

Lincolnwood Apartments

2101 Mark LnKokomo, IN 46902
  • Utilities Included
  • Smoke Free

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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Park Place Apartments
Studio to 2 Bedroom Apartments

Park Place Apartments

1901 S Park RdKokomo, IN 46902
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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 $699. 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$699
Turtle Creek KokomoSpringStudio,1BA$715
The Macy ApartmentsStudio UnfurnishedStudio,1BA$750
Countryside Villas Apartments1/11BR,1BA$760
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
Fox Acres Apartments1 Bed Room1BR,1BA$835
Carter West Apartments & Townhouses2bed/1bath Partially Renovated2BR,1BA$840
Ashbury Apartments1 Bedroom - 1st Floor1BR,1BA$845

Best Value Apartments for Rent in Kokomo, IN

As of June 19, 2026 the best value apartment in the Kokomo area is the $0.88 price per square foot 3 Bed 2 Bath Model at Union at Washington in the starting from $1,017. The second greatest value Kokomo apartment is the 3 Bedroom Townhomes Model at Apperson Way Apartments starting at $1,227 with a $1.17 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.
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Apperson Way Apartments3 Bedroom Townhomes3BR,2BA$1.17
Jefferson Crossing Apartments2 Bed, 1 Ba TH Renovated2BR,1BA$1.19
Villas de FontenelleThe Coronado2BR,1BA$1.14
1908 W Carter St, Unit #81908 W Carter St2BR,1.5BA$0.84
Carter West Apartments & Townhouses2bed/1bath Partially Renovated2BR,1BA$1.09
MAPLE CREST1x1CUp1BR,1BA$1.19
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
Countryside Villas Apartments1/11BR,1BA$1.01
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.73

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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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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Best Local Schools in
Kokomo, IN

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

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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 $699.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.