
Cheap Homes for Rent in Lamar, IN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lamar.


748 9th St

5054 IN-56

920 Sycamore St

934 Jackson St

1044 N Eskew Rd
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.

602 12th St

444 E Eble Rd

532 Orchard St

439 7th St

1818-1820 Tamarack Rd

5278 W Center St
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.
Lamar, IN Local Guide

How much does it cost to rent a home in Lamar?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lamar 2 Bedroom Homes for Rent | $1,109 | $750 | $1,375 |
| Lamar 3 Bedroom Homes for Rent | $1,788 | $900 | $3,700 |
| Lamar 4 Bedroom Homes for Rent | $2,135 | $1,250 | $2,995 |
Browse Top Homes for Rent in Lamar
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Lamar, IN Local Guide
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Cheapest Available Lamar Apartments for Rent and Nearby
 The cheapest available apartment rental in Lamar, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Shannon Glenn in the Lant Manor neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $710. Here is today’s list of the most affordable Lamar apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Shannon Glenn | McConnell | 2BR,1BA | $710 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,1BA | $750 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $750 |
| Abbey Court Apartments | Cambridge | 1BR,1BA | $840 |
Best Value Apartments for Rent in Lamar, IN and Nearby
As of May 30, 2026 the best value apartment in the Lamar area is the $0.81 price per square foot 2 Bed 2 Bath - Townhome Model at Devonshire Gardens I & II in the in the Lant Manor neighborhood starting from $1,255. The second greatest value Lamar apartment is the 3 Bedroom 2 Bath Model at Royal Arms of Owensboro starting at $1,330 with a $0.95 price per square foot . Here is today’s list of the best values for Lamar apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Devonshire Gardens I & II | 2 Bed 2 Bath - Townhome | 2BR,2BA | $0.81 |
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| The Westcott | 3 Bed, 2 Bath | 3BR,2BA | $1.18 |
| East Meadows Apartment Homes | East Meadows - 2/2 - 2nd Floor (Phase 2) | 2BR,2BA | $1.25 |
| Indian Woods | The Oak | 2BR,1BA | $1.10 |
| Andrea Court North | Andrea Court North | 2BR,1BA | $1.03 |
| Shannon Glenn | McConnell | 2BR,1BA | $0.89 |
| Abbey Court Apartments | Cambridge | 1BR,1BA | $1.13 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $1.07 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,1BA | $1.25 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Lamar
What type of rentals are currently available in Lamar?
There are currently 39 Apartments for Rent in Lamar, IN with pricing that ranges from $600 to $4,449. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lamar ranging from $750 to $3,700.
What is the current price range for Rental Homes in Lamar?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lamar ranges from $750 to $3,700 with an average monthly rent of $1,413.
How much are larger Three and Four Bedroom Rentals in Lamar?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lamar range from $1,315 to $2,046, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,849.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.