Cheap Apartments for Rent in Marion, IN from $449 (47 Rentals)

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

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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Summit Village
1 to 3 Bedroom Apartments

Summit Village

246 N 500 EMarion, IN 46952
  • Utilities Included
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Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952

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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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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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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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
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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.

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Showing Results 1-47, Page 1 of 1

Marion, IN Local Guide

Cheapest Available Marion Apartments for Rent

 

The cheapest available apartment rental in Marion, IN is a 3 Beds unit found at The Annex of Kokomo priced from $490. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Marion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Annex of Kokomo3 bed 3 Bath3BR,3BA$490
The Haven4x44BR,4BA$565
Somerset ApartmentsOne Bedroom1BR,1BA$722
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729
UB LoftsStudioStudio,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
First Flats1bd/1bath Partially Renovated1BR,1BA$800

Best Value Apartments for Rent in Marion, IN

As of September 05, 2026 the best value apartment in the Marion area is the $0.84 price per square foot 3 Bedroom Townhome Model at Come home to Granton Place today! in the starting from $1,125. The second greatest value Marion apartment is the 2BD + Den/2BA Unfurnished Premium Model at University Village starting at $779 with a $0.60 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Marion apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Come home to Granton Place today!3 Bedroom Townhome3BR,1.5BA$0.84
University Village2BD + Den/2BA Unfurnished Premium2BR,2BA$0.60
124 West 39th Street, Unit Upper Level 2 Bedroom Unit124 West 39th Street2BR,1BA$0.85
Timbernest Town Homes2 Bed, 1.5 Ba Partially Renovated2BR,1.5BA$1.24
Park Forest2 Bedroom2BR,1BA$1.12
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.91
116 S G St116 S G St2BR,1BA$1.12
Somerset ApartmentsOne Bedroom1BR,1BA$1.05
1220 S Washington St, Unit B1220 S Washington St1BR,1BA$1.00
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$1.22

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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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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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

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.

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Best Local Schools in
Marion, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Marion, IN Rentals by Map

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Frequently Asked Questions about Cheap Marion Apartments

What is the Cheapest Studio apartment in Marion?

Currently the most affordable Cheap Studio Apartment in Marion is at UB Lofts listed at $750.

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

The lowest price for a Cheap One Bedroom Marion Apartment is $722 at Somerset Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Marion is starting from $720 at The Haven.

What is the most affordable Marion Three Bedroom Apartment?

The best deal on a cheap Marion Three Bedroom Apartment rental is at The Annex of Kokomo and starts from $490.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.