Cheap Apartments for Rent in Lucerne, IN from $300 (47 Rentals)

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

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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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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900 North St
Studio to 1 Bedroom Apartments

900 North St

900 North StLogansport, IN 46947

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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1826 S Goyer Rd
1 Bedroom Apartments

1826 S Goyer Rd

1826 S Goyer RdKokomo, IN 46902
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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
Corporate Housing
  • Utilities Included
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Lincolnwood Apartments
1 to 4 Bedroom Apartments

Lincolnwood Apartments

2101 Mark LnKokomo, IN 46902
  • Utilities Included
  • Smoke Free

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.

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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living
  • Utilities Included

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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Lucerne, IN Local Guide

Cheapest Available Lucerne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lucerne, IN is a 1 Bed unit found at Apperson Way Apartments priced from $398. Walnut Manor has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Lucerne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apperson Way Apartments1 Bedroom1BR,1BA$398
Walnut ManorSTUDIOStudio,1BA$699
Turtle Creek KokomoSpringStudio,1BA$715
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729
Woods EdgeThe Boilermaker1BR,1BA$750
The Macy ApartmentsStudio UnfurnishedStudio,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
First Flats1bd/1bath Partially Renovated1BR,1BA$825
Fox Acres Apartments1 Bed Room1BR,1BA$835
Carter West Apartments & Townhouses2bed/1bath Partially Renovated2BR,1BA$840

Best Value Apartments for Rent in Lucerne, IN and Nearby

As of June 13, 2026 the best value apartment in the Lucerne area is the $0.71 price per square foot 2 Bedroom Unit Model at Brentwood Greene in the starting from $850. The second greatest value Lucerne apartment is the 3 Bed 2 Bath Model at Union at Washington starting at $1,017 with a $0.88 price per square foot . Here is today’s list of the best values for Lucerne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brentwood Greene2 Bedroom Unit2BR,1BA$0.71
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Apperson Way Apartments3 Bedroom Townhomes3BR,2BA$1.17
Hilltop Ridge3 bed Mid Income Qualifying 3 bed3BR,1BA$0.88
Ashbury Apartments2 Bedroom- 1st floor2BR,1BA$1.06
Carter West Apartments & Townhouses2bed/1bath Partially Renovated2BR,1BA$1.09
MAPLE CREST1x1CUp1BR,1BA$1.19
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.73
Woods EdgeThe Boilermaker1BR,1BA$1.07

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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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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Quick 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.

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

Explore Lucerne, IN Rentals by Map

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See the most popular apartments and homes in Lucerne, IN

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Frequently Asked Questions about Cheap Lucerne Apartments

What is the Cheapest Studio apartment in Lucerne?

Currently the most affordable Cheap Studio Apartment in Lucerne is at Walnut Manor listed at $699.

How much is rent for a Cheap One Bedroom Lucerne Apartment?

The lowest price for a Cheap One Bedroom Lucerne Apartment is $398 at Apperson Way Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lucerne is starting from $479 at Apperson Way Apartments.

What is the most affordable Lucerne Three Bedroom Apartment?

The best deal on a cheap Lucerne Three Bedroom Apartment rental is at Apperson Way Apartments and starts from $551.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.