
Cheap Apartments for Rent in Lapel, IN from $600 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Lapel.


1109 Erie St

The Towers at Southdale Affordable Senior

Bay Terrace Apartments

Harter House

Rivers Edge Apartments I & II

Longfellow Plaza Affordable Senior Community

1212 Meridian Flats
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.

Cedar Ridge Townhomes

Applecreek

Villages on Madison Apartments

Sun Valley Townhomes

Grissom Estates Apartments

Stonecrest Apartments

Jefferson Place Apartments

Lakeview Court Apartments
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.

Cumberland Pointe Apartments

Sand Creek Woods

Northlake Village

Federal Hill Apartments

Princeton Lakes

2121 Euclid Dr

2809 W 18th St

Hamilton Station Apartments
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.
Lapel, IN Local Guide

How much does it cost to rent an apartment in Lapel?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lapel Studio Apartments | $1,215 | $650 | $1,721 |
| Lapel 1 Bedroom Apartments | $1,479 | $250 | $2,665 |
| Lapel 2 Bedroom Apartments | $1,744 | $780 | $2,825 |
| Lapel 3 Bedroom Apartments | $2,119 | $1,145 | $3,274 |
| Lapel 4 Bedroom Apartments | $2,324 | $1,399 | $2,650 |
Browse Top Apartments in Lapel
See all Apartments in LapelExplore Lapel
Lapel, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lapel Apartments for Rent and Nearby
 The cheapest available apartment rental in Lapel, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Longfellow Plaza Affordable Senior Community has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Lapel apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
| Applecreek | The Washington | 1BR,1BA | $865 |
| Cedar Ridge Townhomes | The Hickory | 1BR,1BA | $869 |
| Villages on Madison Apartments | 1x1 | 1BR,1BA | $905 |
Best Value Apartments for Rent in Lapel, IN and Nearby
As of January 29, 2026 the best value apartment in the Lapel area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,300. The second greatest value Lapel apartment is the Forestwood Model at Redwood Noblesville Harewood Drive N starting at $1,849 with a $1.43 price per square foot in the Brooks Chase neighborhood. Here is today’s list of the best values for Lapel apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Redwood Noblesville Harewood Drive N | Forestwood | 2BR,2BA | $1.43 |
| Summerlake Meadows | (7182B1) 2x1 | 2BR,1BA | $1.17 |
| Deer Chase | 3Bed/2Bath Up | 3BR,2BA | $1.37 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Woods of Britton | Cedar | 1BR,1BA | $1.40 |
| 1212 Meridian Flats | 201 | 2BR,1BA | $1.45 |
| Cumberland Pointe Apartments | The Cape-D | 1BR,1BA | $1.46 |
| Applecreek | The Washington | 1BR,1BA | $1.29 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Lapel, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lapel, IN Rentals by Map
See the most popular apartments and homes in Lapel, IN
Frequently Asked Questions about Cheap Lapel Apartments
What is the Cheapest Studio apartment in Lapel?
Currently the most affordable Cheap Studio Apartment in Lapel is at Longfellow Plaza Affordable Senior Community listed at $790.
How much is rent for a Cheap One Bedroom Lapel Apartment?
The lowest price for a Cheap One Bedroom Lapel Apartment is $250 at The Towers at Southdale Affordable Senior.
What is the lowest price for a Cheap Two Bedroom Lapel Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lapel is starting from $935 at Sun Valley Townhomes.
What is the most affordable Lapel Three Bedroom Apartment?
The best deal on a cheap Lapel Three Bedroom Apartment rental is at Sun Valley Townhomes and starts from $1,300.
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

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.

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.

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.

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.