Cheap Homes for Rent near Marengo, IN from $900 (16 Rentals)

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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.

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.

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.

Marengo, IN Local Guide

Cheapest Available Marengo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Marengo, IN is a Studio unit found at Brookview Glen in the New Albany neighborhood priced from $719. Broadleaf Arms in the Cloverleaf neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Marengo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenStudioStudio,1BA$719
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$749
Laurel at the Woodlands1 Bed 1 Bath1BR,1BA$828
Huntley Ridge New AlbanyAspen1BR,1BA$830
The Monroe1 Bedroom and 1 Bathroom1BR,1BA$849

Best Value Apartments for Rent in Marengo, IN and Nearby

As of July 17, 2026 the best value apartment in the Marengo area is the $0.89 price per square foot 3 Bedroom 2 Bath Model at Knobs Pointe Apartments in the in the New Albany neighborhood starting from $1,425. The second greatest value Marengo apartment is the The Arbor Model at Arbor Place Apartments starting at $1,150 with a $0.96 price per square foot in the New Albany neighborhood. Here is today’s list of the best values for Marengo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Knobs Pointe Apartments3 Bedroom 2 Bath3BR,2BA$0.89
Arbor Place ApartmentsThe Arbor2BR,1.5BA$0.96
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR,1.5BA$1.00
Valley RidgeThree Bedroom Townhome3BR,1BA$1.02
Adelyn Apartments4229-72BR,2BA$1.03
Plaza Square Apartments2x12BR,1BA$1.00
Sheffield SquareOne Bedroom One Bath1BR,1BA$1.08
701-709 Etzler Dr2 Bedroom2BR,1BA$1.00
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.94
The Monroe1 Bedroom and 1 Bathroom1BR,1BA$1.06

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!

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Frequently Asked Questions about Marengo

What type of rentals are currently available in Marengo?

There are currently 60 Apartments for Rent in Marengo, IN with pricing that ranges from $595 to $1,760. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Marengo ranging from $900 to $3,199.

What is the current price range for Rental Homes in Marengo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Marengo ranges from $900 to $3,199 with an average monthly rent of $1,486.

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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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.

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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.