Cheap Apartments for Rent near Lucerne, IN from $300 (25 Rentals)

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

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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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living

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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900 North St
Studio to 1 Bedroom Apartments

900 North St

900 North StLogansport, IN 46947
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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

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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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902

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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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 $650. 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$650
Turtle Creek KokomoSpringStudio,1BA$715
MAPLE CRESTStudio1BR,1BA$715
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729

Best Value Apartments for Rent in Lucerne, IN and Nearby

As of July 28, 2026 the best value apartment in the Lucerne area is the $0.88 price per square foot 3 Bed 2 Bath Model at Union at Washington in the starting from $1,017. The second greatest value Lucerne apartment is the 3 Bedroom Townhomes Model at Apperson Way Apartments starting at $1,227 with a $1.17 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.
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Apperson Way Apartments3 Bedroom Townhomes3BR,2BA$1.17
Hilltop Ridge3 Bed 1 bath3BR,1BA$1.01
Northpointe/Lakepointe Apartment HomesG2 - 2x12BR,1BA$1.04
Ashbury Apartments2 Bed 1st floor UPDATED2BR,1BA$1.10
Georgetown Apartments2BR/1.0BA2BR,1BA$1.19
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.84
Woods EdgeThe Boilermaker1BR,1BA$1.07
Millstone Apartments1 bedroom1BR,1BA$1.12

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

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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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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 $650.

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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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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.