Cheap Homes for Rent in Kokomo, IN from $500 (19 Rentals)

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

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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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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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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Kokomo, IN Local Guide

Cheapest Available Kokomo Apartments for Rent

 

The cheapest available apartment rental in Kokomo, IN is a Studio unit found at Turtle Creek Kokomo priced from $650. Walnut Manor Apartments 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
Turtle Creek KokomoSpringStudio,1BA$650
Walnut Manor Apartments$350 OFF MOVE IN COSTS! INQUIRE TODAY! Quiet an...Studio,1BA$650
2930 Albright1 Bed1BR,1BA$695
Lincolnwood Apartments1BR/1BA1BR,1BA$700
First Flats1bed/1bath Non-Renovated1BR,1BA$750

Best Value Apartments for Rent in Kokomo, IN

As of June 21, 2025 the best value apartment in the Kokomo area is the $1.14 price per square foot 3 Bedroom Model at Amberwood Place Apartments in the starting from $1,420. The second greatest value Kokomo apartment is the B1-1 Model at 306 Riverfront starting at $1,185 with a $1.02 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.
Amberwood Place Apartments3 Bedroom3BR,2BA$1.14
306 RiverfrontB1-12BR,2BA$1.02
Cambridge Place ApartmentsWren2BR,1.5BA$1.17
Brentwood Greene2 Bedroom Unit2BR,1BA$1.17
JEFFERSON CROSSING2 Bedroom 1 Bathroom - Townhome2BR,1BA$1.07
Fox Acres Apartments1 Bed Room1BR,1BA$1.01
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.84
610 S Washington St, Unit #2 Upstairs610 S Washington St1BR,1BA$1.00
914 S Market St914 S Market St1BR,1BA$0.83
2930 Albright1 Bed1BR,1BA$1.16

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Frequently Asked Questions about Kokomo

What type of rentals are currently available in Kokomo?

There are currently 75 Apartments for Rent in Kokomo, IN with pricing that ranges from $500 to $2,200. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kokomo ranging from $599 to $4,500.

What is the current price range for Rental Homes in Kokomo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kokomo ranges from $599 to $4,500 with an average monthly rent of $1,733.

How much are larger Three and Four Bedroom Rentals in Kokomo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Kokomo range from $825 to $1,769, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $560.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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.