Cheap Apartments for Rent in Marion, IN from $400 (50 Rentals)

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

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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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

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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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.

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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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Indigo
1 Bedroom Apartments

Indigo

532 W Mulberry StKokomo, IN 46901

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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Marion, IN Local Guide

Cheapest Available Marion Apartments for Rent

 

The cheapest available apartment rental in Marion, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. 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
University Village4BD/2BA Furnished Premium4BR,2BA$514
The Haven4x44BR,4BA$565
ApplegateStudio Open - 288 sqftStudio,1BA$600
First Flats1bed/1bath Non-Renovated1BR,1BA$675
Pine Manor Apartments1BR/1.0BA1BR,1BA$675
Somerset ApartmentsOne Bedroom1BR,1BA$722
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729
The Macy ApartmentsStudio UnfurnishedStudio,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
Beckford Place2 Bedroom2BR,1BA$850

Best Value Apartments for Rent in Marion, IN

As of June 05, 2026 the best value apartment in the Marion area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. The second greatest value Marion apartment is the 124 West 39th Street Model at 124 West 39th Street, Unit Upper Level 2 Bedroom Unit starting at $850 with a $0.85 price per square foot . 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.
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
124 West 39th Street, Unit Upper Level 2 Bedroom Unit124 West 39th Street2BR,1BA$0.85
Beckford Place2 Bedroom2BR,1BA$0.87
Park Forest2 Bedroom2BR,1BA$1.06
MAPLE CREST1x1CUp1BR,1BA$1.19
UB LoftsOne Bedroom1BR,1BA$1.21
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.73
Somerset ApartmentsOne Bedroom1BR,1BA$1.05
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Pechewa PlaceDownstairs 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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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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Marion, IN

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Remember the 3 Rules of Real Estate:
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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 Applegate listed at $600.

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

The lowest price for a Cheap One Bedroom Marion Apartment is $675 at First Flats.

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 Haven and starts from $575.

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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.

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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.

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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.