
Cheap Homes for Rent near Lapel, IN from $845 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lapel.


1631 W 7th St

1614 W 18th St
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.

2326 W 12th St

16018 E 186th St

2205 Hendricks St
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.

1815 Cherry St
Lapel, IN Local Guide

How much does it cost to rent a home in Lapel?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lapel 2 Bedroom Homes for Rent | $1,660 | $975 | $2,400 |
| Lapel 3 Bedroom Homes for Rent | $2,140 | $900 | $3,500 |
| Lapel 4 Bedroom Homes for Rent | $2,553 | $2,100 | $3,100 |
| Lapel 5 Bedroom Homes for Rent | $3,128 | $2,860 | $3,550 |
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Lapel, IN Local Guide
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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 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 |
| 1212 Meridian Flats | 1x1 | 1BR,1BA | $850 |
Best Value Apartments for Rent in Lapel, IN and Nearby
As of September 13, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summerlake Meadows | (7182B1) 2x1 | 2BR,1BA | $1.31 |
| Deer Chase | 3Bed/2Bath Dn | 3BR,2BA | $1.39 |
| Sand Creek Woods | Elm | 3BR,2BA | $1.42 |
| Jefferson Place Apartments | B1-U | 2BR,2BA | $1.38 |
| Princeton Lakes | 2Bed/2Bath Dn Mkt | 2BR,2BA | $1.45 |
| Rivers Edge Apartments I & II | 2 BD 1.5 Bath | 2BR,1.5BA | $1.29 |
| 1212 Meridian Flats | 2x1 | 2BR,1BA | $1.21 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Villages on Madison Apartments | 2x1 R-Prem | 2BR,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 ArticleNavigating 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.
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
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Best Local Schools in Lapel, IN
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Frequently Asked Questions about Lapel
What type of rentals are currently available in Lapel?
There are currently 43 Apartments for Rent in Lapel, IN with pricing that ranges from $250 to $3,595. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lapel ranging from $845 to $3,550.
What is the current price range for Rental Homes in Lapel?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lapel ranges from $845 to $3,550 with an average monthly rent of $2,249.
How much are larger Three and Four Bedroom Rentals in Lapel?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lapel range from $1,145 to $3,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,399.
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

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.

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.

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.

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.