Cheap Apartments for Rent in the Liverpool Neighborhood of Lake Station, IN from $500 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Liverpool area of Lake Station.

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Lancaster Apartments
1 Bedroom Apartments

Lancaster Apartments

2122 Virginia StGary, IN 46407
  • 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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Parkwood Apartments
2 Bedroom Apartments

Parkwood Apartments

1005 W 35th AveGary, IN 46408
  • Utilities Included

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.

Liverpool, Lake Station, IN Local Guide

Cheapest Available Liverpool Apartments for Rent

 

The cheapest available apartment rental in the Liverpool area of Chicago, IN is a 1 Bed unit found at Birchwood Apartments priced from $930. The Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Liverpool apartments for rent in Chicago, IN:

Apartment ListingModel NameBed/BathPriced From
Birchwood ApartmentsOne Bedroom1BR,1BA$930
The Ridge ApartmentsFir1BR,1BA$975
Meadowlane Apartments1BR/ 1BA1BR,1BA$985
Tiberon Trails ApartmentsOne Bedroom1BR,1BA$1,000
Haven HobartA11BR,1BA$1,000

Best Value Apartments for Rent in Liverpool, IN

As of June 20, 2025 the best value apartment in the Liverpool area is the $1.28 price per square foot C1p - Renovated Model at Hampshire Park in the in the Liverpool neighborhood starting from $1,790. The second greatest value Liverpool apartment is the 5041 Jefferson St Model at 5041 Jefferson St, Unit 5041 starting at $1,100 with a $0.95 price per square foot in the Liverpool neighborhood. Here is today’s list of the best values for Liverpool apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hampshire ParkC1p - Renovated2BR,2BA$1.28
5041 Jefferson St, Unit 50415041 Jefferson St2BR,1BA$0.95
Meadowlane Apartments2BR/ 1BA2BR,1BA$1.08
1380 Jackson St, Unit 11380 Jackson St2BR,1BA$1.00
Haven HobartB1p - Renovated2BR,1BA$1.38
Tiberon Trails ApartmentsOne Bedroom1BR,1BA$1.38
Birchwood ApartmentsOne Bedroom1BR,1BA$1.43
The Ridge ApartmentsFir1BR,1BA$1.50

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Pet Friendly Lifestyle
Liverpool, Lake Station, IN

Ranked #1

Among neighborhoods in Lake Station, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Liverpool Apartments

What is the price of a cheap apartment in Liverpool?

The cheapest apartment in Liverpool is Birchwood Apartments which is listed at $930, while the average apartment in Liverpool costs $1,600.

What types of apartments are the cheapest in Liverpool?

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 4 regular apartments in Liverpool 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 Liverpool?

Cheap apartments in Liverpool have an average cost of $659 which is $941 cheaper than the average rent for all rentals in Liverpool.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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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.

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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.