Cheap Apartments for Rent in Kokomo, IN from $300 (69 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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Tudor Apartments
Studio to 2 Bedroom Apartments

Tudor Apartments

513 N Buckeye StKokomo, IN 46901
  • Utilities Included

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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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
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1826 S Goyer Rd
1 Bedroom Apartments

1826 S Goyer Rd

1826 S Goyer RdKokomo, IN 46902

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.

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Park Place Apartments
Studio to 2 Bedroom Apartments

Park Place Apartments

1901 S Park RdKokomo, IN 46902
  • Utilities Included
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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living
  • Utilities Included
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Westbrook
1 to 2 Bedroom Apartments

Westbrook

3334 S Dixon LnKokomo, IN 46902

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.

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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. The Annex of Kokomo has the second lowest priced unit, which is a 3 Beds apartment currently listed from $550. Here is today’s list of the most affordable Kokomo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apperson Way Apartments1 Bedroom1BR,1BA$398
The Annex of Kokomo3 bed 3 Bath3BR,3BA$550
Walnut ManorSTUDIOStudio,1BA$699
Turtle Creek KokomoSpringStudio,1BA$715
The Macy ApartmentsStudio UnfurnishedStudio,1BA$750
Countryside Villas Apartments1/11BR,1BA$760
First Flats1bed/1bath Non-Renovated1BR,1BA$775
1302 W Sycamore St1 bed 1 bath Renovated1BR,1BA$795
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
Bradford Run ApartmentsRedbud1BR,1BA$823

Best Value Apartments for Rent in Kokomo, IN

As of May 04, 2026 the best value apartment in the Kokomo area is the $0.63 price per square foot 320 W Elm St Model at 320 W Elm St, Unit 320 W Elm St in the starting from $835. The second greatest value Kokomo apartment is the 2 Bedroom Unit Model at Brentwood Greene starting at $850 with a $0.71 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.
320 W Elm St, Unit 320 W Elm St320 W Elm St2BR,1BA$0.63
Brentwood Greene2 Bedroom Unit2BR,1BA$0.71
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Apperson Way Apartments3 Bedroom Townhomes3BR,2BA$1.17
Ashbury Apartments2 Bedroom - 2nd Level + W/D Hookups2BR,1BA$1.03
WestbrookThe Huntington2BR,1BA$1.13
1908 W Carter St, Unit #81908 W Carter St2BR,1.5BA$0.84
Countryside Villas Apartments1/11BR,1BA$1.01
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.80

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 The Annex of Kokomo and starts from $550.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.