Cheap Apartments for Rent in Lake County, IN from $400 (58 Rentals)

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

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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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3615 Grand
1 Bedroom Apartments

3615 Grand

3615 GrandEast Chicago, IN 46312
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Lancaster Apartments
1 to 4 Bedroom Apartments

Lancaster Apartments

2122 Virginia StGary, IN 46407
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Southmoor Apartments
Studio to 1 Bedroom Apartments

Southmoor Apartments

5946 Hohman AveHammond, IN 46320
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Lawndale Apartments
1 to 2 Bedroom Apartments

Lawndale Apartments

6930 Hohman AveHammond, IN 46324
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

6905-6915 Magoun AveHammond, IN 46324
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Saxony Town Homes
2 to 4 Bedroom Apartments

Saxony Town Homes

1349 175th StHammond, IN 46324
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Concord Commons
1 to 3 Bedroom Apartments

Concord Commons

2002 Hanley StGary, IN 46406
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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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Parkwood Apartments
2 Bedroom Apartments

Parkwood Apartments

1005 W 35th AveGary, IN 46408
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Greenbriar Apartments
Studio to 2 Bedroom Apartments

Greenbriar Apartments

3510 173rd StHammond, IN 46323
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Bon Aire Apartments
Studio to 2 Bedroom Apartments

Bon Aire Apartments

2601 W 61st PlMerrillville, IN 46410
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Divine Properties
1 to 3 Bedroom Apartments

Divine Properties

816 E 38th PlGriffith, IN 46319
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Camelot Apartments
Studio to 1 Bedroom Apartments

Camelot Apartments

6423 Kennedy AveHammond, IN 46323
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204 Lafayette Avenue
1 Bedroom Apartments

204 Lafayette Avenue

204 N Lafayette StGriffith, IN 46319
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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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Cheapest Available Lake County Apartments for Rent

 

The cheapest available apartment rental in Lake County, IN is a 3 Beds unit found at Duneland Village Apartments in the Outlying North Lake County IN neighborhood priced from $542. Gary NSA V in the Outlying North Lake County IN neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $698. Here is today’s list of the most affordable Lake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Duneland Village Apartments3 Bedroom Townhouse Tax Credit***3BR,1BA$542
Gary NSA VStudioStudio,1BA$698
Westbrook Apartments2BR-FLT2BR,1BA$865
Morton Apartments1BR/1BA1BR,1BA$895
La Vue Lake ApartmentsStudioStudio,1BA$897
Tiberon TrailsStudio CStudio,1BA$919
Birchwood ApartmentsOne Bedroom1BR,1BA$930
The Ridge ApartmentsFir1BR,1BA$975

Best Value Apartments for Rent in Lake County, IN

As of December 20, 2025 the best value apartment in the Lake County area is the $1.08 price per square foot C1p - Renovated Model at Hampshire Park in the in the Liverpool neighborhood starting from $1,505. The second greatest value Lake County apartment is the 3 Bedroom Townhouse Model at Duneland Village Apartments starting at $1,500 with a $1.22 price per square foot in the Outlying North Lake County IN neighborhood. Here is today’s list of the best values for Lake County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hampshire ParkC1p - Renovated2BR,2BA$1.08
Duneland Village Apartments3 Bedroom Townhouse3BR,1.5BA$1.22
1155 N Indiana St, Unit B1155 N Indiana St2BR,1BA$1.21
Meadowlane Apartments2BR/ 1BA2BR,1BA$1.08
Kirby ManorTwo Bedroom2BR,1BA$1.25
8 Waltham St, Unit 1R8 Waltham St1BR,1BA$1.15
4420 W Ridge Rd, Unit Trailer4420 W Ridge Rd2BR,1BA$1.12
Arlington ApartmentsB2BR,1BA$1.24
Haven HobartA1p - Renovated1BR,1BA$1.29
Morton Apartments1BR/1BA1BR,1BA$1.28

Frequently Asked Questions about Cheap Lake County Apartments

What is a cheap apartment in Lake County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake County is under $975.

What is the price of a cheap apartment in Lake County?

The cheapest apartment in Lake County is Gary NSA V which is listed at $847, while the average apartment in Lake County costs $2,757.

What types of apartments are the cheapest in Lake County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Lake County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake County?

Cheap apartments in Lake County have an average cost of $139 which is $2,618 cheaper than the average rent for all rentals in Lake County.

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 Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.