Cheap Apartments for Rent in Lapel, IN from $650 (42 Rentals)

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

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Meadow View Apartments
Studio to 3 Bedroom Apartments

Meadow View Apartments

1520 N Main StLapel, IN 46051
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Four Winds Apartments
$1,075 - $1,150

Total Monthly Price

Base Rent$1,075 - $1,150
Total Monthly Price$1,075 - $1,150
1 to 3 Bedroom Apartments Available Sep 21

Four Winds Apartments

2601 Morning Star LnAnderson, IN 46011
Corporate Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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.

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Harter House
Studio to 1 Bedroom Apartments

Harter House

600 Main StAnderson, IN 46016

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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Showing Results 1-42, Page 1 of 1

Lapel, IN Local Guide

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 in the Anderson neighborhood priced from $250. Longfellow Plaza Affordable Senior Community in the Anderson neighborhood 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 ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
1212 Meridian Flats1x11BR,1BA$850
Cedar Ridge TownhomesThe Birch1BR,1BA$859
Harter HouseSofia1BR,1BA$895
ApplecreekThe Washington1BR,1BA$962
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$999
Stonecrest Apartments2 bedroom 1 bath2BR,1BA$1,030
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1,160
Millstone of NoblesvilleThe Adams1BR,1BA$1,185

Best Value Apartments for Rent in Lapel, IN and Nearby

As of September 12, 2026 the best value apartment in the Lapel area is the $1.31 price per square foot (7182B1) 2x1 Model at Summerlake Meadows in the in the Barrington Estates neighborhood starting from $1,629. The second greatest value Lapel apartment is the 3Bed/2Bath Dn Model at Deer Chase starting at $1,635 with a $1.39 price per square foot in the Barrington Estates neighborhood. Here is today’s list of the best values for Lapel apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerlake Meadows(7182B1) 2x12BR,1BA$1.31
Deer Chase3Bed/2Bath Dn3BR,2BA$1.39
Sand Creek WoodsElm3BR,2BA$1.42
Jefferson Place ApartmentsB1-U2BR,2BA$1.38
Princeton Lakes2Bed/2Bath Dn Mkt2BR,2BA$1.45
Rivers Edge Apartments I & II2 BD 1.5 Bath2BR,1.5BA$1.29
1212 Meridian Flats2x12BR,1BA$1.21
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.04
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.29
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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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Lapel, IN

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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 $955 at Cedar Ridge Townhomes.

What is the most affordable Lapel Three Bedroom Apartment?

The best deal on a cheap Lapel Three Bedroom Apartment rental is at Jefferson Place Apartments and starts from $1,550.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.