Cheap Apartments for Rent in Lake Village, IN from $500 (42 Rentals)

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

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Birchwood Apartments
$930 - $1,120
Total Monthly Price

Total Monthly Price

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$930 - $1,120
Total Monthly Price
$930 - $1,120
1 to 2 Bedroom Apartments Available Now

Birchwood Apartments

5790 Grant StMerrillville, IN 46410
Affordability
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  • Utilities Included

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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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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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
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Meadow Lane Apartments
1 to 2 Bedroom Apartments

Meadow Lane Apartments

2029 Meadow LnSchererville, IN 46375
  • Utilities Included
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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466
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1905 Austin Ave
2 Bedroom Apartments

1905 Austin Ave

1905 Austin AveSchererville, IN 46375

Navigating the Rental Market: Tips for First-Time Renters

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21746 S Jeffrey Ave
1 to 2 Bedroom Apartments

21746 S Jeffrey Ave

21746 S Jeffrey AveSauk Village, IL 60411
Showing Results 1-42, Page 1 of 1

Lake Village, IN Local Guide

Cheapest Available Lake Village Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Village, IN is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Birchwood Apartments in the Liverpool neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $930. Here is today’s list of the most affordable Lake Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Birchwood ApartmentsOne Bedroom1BR,1BA$930
Tiberon TrailsStudio AStudio,1BA$949
The Ridge ApartmentsFir1BR,1BA$975
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1,075
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Linden Park Apartments1 Bed 1 Bath A1BR,1BA$1,150
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Barberry Apartments1 Bed1BR,1BA$1,200

Best Value Apartments for Rent in Lake Village, IN and Nearby

As of April 08, 2026 the best value apartment in the Lake Village area is the $1.44 price per square foot 3 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,939. The second greatest value Lake Village apartment is the 3 Bedroom 1 Bath Townhome Renovated Model at Oakwood Townhomes starting at $1,995 with a $1.48 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Lake Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Central Park3 Bedroom 1 Bath Townhouse3BR,1BA$1.44
Oakwood Townhomes3 Bedroom 1 Bath Townhome Renovated3BR,1BA$1.48
Maple Leaf Apartments2.2A2BR,2BA$1.31
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Whitcomb Terrace ApartmentsColonial Invitational2BR,1BA$1.47
Harvest Ridge Apartment Homes2X12BR,1BA$1.50
2100 N Main St1 Bed 1 Bath1BR,1BA$1.32
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1.41
The Ridge ApartmentsFir1BR,1BA$1.50
Birchwood ApartmentsOne Bedroom1BR,1BA$1.43

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

Explore Lake Village, IN Rentals by Map

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Frequently Asked Questions about Cheap Lake Village Apartments

What is the Cheapest Studio apartment in Lake Village?

Currently the most affordable Cheap Studio Apartment in Lake Village is at Crest Apartments listed at $800.

How much is rent for a Cheap One Bedroom Lake Village Apartment?

The lowest price for a Cheap One Bedroom Lake Village Apartment is $930 at Birchwood Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Village is starting from $1,020 at Birchwood Apartments.

What is the most affordable Lake Village Three Bedroom Apartment?

The best deal on a cheap Lake Village Three Bedroom Apartment rental is at Oakwood Townhomes and starts from $1,825.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.