
Cheap Homes for Rent in Marengo, IN from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Marengo.


4435 Parker Ave

812 Culbertson Ave

127 Boston Ct
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.

714 S 42nd St

1108 State St

4221 Sunset Ave

112 S 46th St
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.
Marengo, IN Local Guide

How much does it cost to rent a home in Marengo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Marengo 2 Bedroom Homes for Rent | $1,170 | $900 | $1,350 |
| Marengo 3 Bedroom Homes for Rent | $1,463 | $1,150 | $1,949 |
| Marengo 4 Bedroom Homes for Rent | $2,399 | $1,600 | $3,199 |
Browse Top Homes for Rent in Marengo
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Marengo, IN Local Guide
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Cheapest Available Marengo Apartments for Rent and Nearby
 The cheapest available apartment rental in Marengo, IN is a 1 Bed unit found at Adelyn Apartments in the Southern Indiana neighborhood priced from $595. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here is today’s list of the most affordable Marengo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Adelyn Apartments | 1 | 1BR,1BA | $595 |
| Brookview Glen | Studio | Studio,1BA | $719 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $764 |
Best Value Apartments for Rent in Marengo, IN and Nearby
As of May 31, 2026 the best value apartment in the Marengo area is the $0.91 price per square foot 2BR/2.0BA Model at Lochwood in the in the Southern Indiana neighborhood starting from $1,365. The second greatest value Marengo apartment is the C1 Model at Riverport Landing Family Apartments starting at $1,218 with a $1.03 price per square foot in the Riverside Gardens neighborhood. Here is today’s list of the best values for Marengo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lochwood | 2BR/2.0BA | 2BR,2BA | $0.91 |
| Riverport Landing Family Apartments | C1 | 3BR,2BA | $1.03 |
| Hunters Run | 2 Bedroom, 2 Bathroom | 2BR,2BA | $0.92 |
| Heritage Springs Rentals | Villas of Heritage Springs Townhomes | 3BR,1.5BA | $1.00 |
| Huntley Ridge New Albany | Willow | 2BR,1BA | $0.94 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $1.03 |
| 701-709 Etzler Dr | 2 Bedroom | 2BR,1BA | $1.00 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.96 |
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.
Read ArticleReal 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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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.
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 $1,647. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Marengo ranging from $800 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 $800 to $3,199 with an average monthly rent of $1,458.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.