Cheap Apartments for Rent in Marion, IN from $400 (37 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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Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952
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Summit Village
1 to 3 Bedroom Apartments

Summit Village

246 N 500 EMarion, IN 46952
  • Utilities Included

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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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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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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Showing Results 1-37, Page 1 of 1

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 The Haven in the Westacres neighborhood priced from $565. Pechewa Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here is today’s list of the most affordable Marion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$565
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729
The Macy ApartmentsStudio UnfurnishedStudio,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850

Best Value Apartments for Rent in Marion, IN

As of July 21, 2026 the best value apartment in the Marion area is the $0.67 price per square foot 916 W 3rd St Model at 916 W 3rd St, Unit A in the starting from $900. The second greatest value Marion apartment is the Two Bedroom Model at Somerset Apartments starting at $913 with a $0.74 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.
916 W 3rd St, Unit A916 W 3rd St2BR,1BA$0.67
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.74
124 West 39th Street, Unit Upper Level 2 Bedroom Unit124 West 39th Street2BR,1BA$0.85
Carriage Place ApartmentsThe Lincoln2BR,1BA$1.13
ApplegateTwo Bedroom 1 Bath2BR,1BA$1.16
UB LoftsOne Bedroom1BR,1BA$1.21
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.77
102 S F St, Unit 102 and half102 S F St1BR,1BA$1.04
116 S G St116 S G St2BR,1BA$1.12
1220 S Washington St, Unit B1220 S Washington St1BR,1BA$1.12

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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Best Local Schools in
Marion, IN

School data provided by Great Schools

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

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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 The Macy Apartments 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 $729 at Pechewa Place.

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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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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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.