Cheap Apartments for Rent in Lyons, IN from $500 (24 Rentals)

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

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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Ironton at Shoals
1 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
  • Utilities Included

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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Lyons, IN Local Guide

Cheapest Available Lyons Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lyons, IN is a Studio unit found at Lakewood Apartments priced from $500. Sullivan Downtown Townhomes has the second lowest priced unit, which is a 3 Beds apartment currently listed from $534. Here is today’s list of the most affordable Lyons apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood ApartmentsStudioStudio,1BA$500
Sullivan Downtown Townhomes3 Bed 2.5 Bath Duplex3BR,2BA$534
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$700
Vivo LivingVivo Living - Petite StudioStudio,1BA$749
Acadia CourtStudioStudio,1BA$760

Best Value Apartments for Rent in Lyons, IN and Nearby

As of July 22, 2025 the best value apartment in the Lyons area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. The second greatest value Lyons apartment is the Crimson Crossing Apartments - 2 Bed/2.5 Bath + Den Model at Crimson Crossing Townhomes starting at $1,599 with a $1.29 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Lyons apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sullivan Downtown TownhomesSingle Family Home3BR,2.5BA$1.16
Crimson Crossing TownhomesCrimson Crossing Apartments - 2 Bed/2.5 Bath + Den2BR,2.5BA$1.29
Beacon HillBeacon Hill - 3 Bed/2 Bath3BR,2BA$1.38
Park on Morton2x2 Corner2BR,2BA$1.19
The League Bloomington10 North 2x2 XL2BR,2BA$1.20
Summit PointeHillcrest2BR,2BA$1.32
The Quarters BloomingtonA2 - 2x22BR,2BA$1.12
Woodland Springs1 Bedroom1BR,1BA$1.25
Cobblestone Crossings ApartmentsAvalon - 1.Upper.Executive1BR,1BA$1.30
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.08

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Getting Around Lyons, IN

Walk Score®

3 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lyons Apartments

What is the Cheapest Studio apartment in Lyons?

Currently the most affordable Cheap Studio Apartment in Lyons is at Lakewood Apartments listed at $500.

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

The lowest price for a Cheap One Bedroom Lyons Apartment is $700 at Ironton at Shoals.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lyons is starting from $930 at Willow Crossings.

What is the most affordable Lyons Three Bedroom Apartment?

The best deal on a cheap Lyons Three Bedroom Apartment rental is at Sullivan Downtown Townhomes and starts from $534.

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.