Cheap Apartments for Rent in Lucerne, IN from $500 (38 Rentals)

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

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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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902
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Indigo
1 Bedroom Apartments

Indigo

532 W Mulberry StKokomo, IN 46901

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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Lucerne, IN Local Guide

Cheapest Available Lucerne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lucerne, IN is a Studio unit found at Walnut Manor priced from $650. Turtle Creek Kokomo has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here is today’s list of the most affordable Lucerne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Walnut Manor$350 OFF MOVE IN COSTS! INQUIRE TODAY! Quiet an...Studio,1BA$650
Turtle Creek KokomoSpringStudio,1BA$685
2930 Albright1 Bed1BR,1BA$695
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$699
Lincolnwood Apartments1BR/1BA1BR,1BA$700
First Flats1bed/1bath Non-Renovated1BR,1BA$750
The Macy ApartmentsStudio Unfurnished/FurnishedStudio,1BA$750
MILLSTONE APARTMENTS1 bedroom1BR,1BA$750
Fox Acres Apartments1 Bed Room1BR,1BA$755
Bradford Run ApartmentsRedbud1BR,1BA$776

Best Value Apartments for Rent in Lucerne, IN and Nearby

As of July 26, 2025 the best value apartment in the Lucerne area is the $1.03 price per square foot B1-1 Model at 306 Riverfront in the starting from $1,204. The second greatest value Lucerne apartment is the 2 Bedroom Unit Model at Brentwood Greene starting at $1,065 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.
306 RiverfrontB1-12BR,2BA$1.03
Brentwood Greene2 Bedroom Unit2BR,1BA$1.17
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$1.04
MAPLE CREST2x1AUp2BR,1BA$1.08
JEFFERSON CROSSING2 Bedroom 1 Bathroom - Townhome2BR,1BA$1.07
Fox Acres Apartments1 Bed Room1BR,1BA$1.01
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.70
Bradford Run ApartmentsRedbud1BR,1BA$1.15
MILLSTONE APARTMENTS1 bedroom1BR,1BA$1.12
2930 Albright1 Bed1BR,1BA$1.16

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Remember the 3 Rules of Real Estate:
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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 $675 at Walnut Manor.

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 $790 at Lincolnwood Apartments.

What is the most affordable Lucerne Three Bedroom Apartment?

The best deal on a cheap Lucerne Three Bedroom Apartment rental is at JEFFERSON CROSSING and starts from $1,045.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.