Cheap Apartments for Rent near Matthews, IN from $300 (44 Rentals)

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

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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Labor Center Lofts
$880 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$880 - $1,200
Total Monthly Price
$880 - $1,200
1 to 2 Bedroom Apartments Available Now

Labor Center Lofts

1125 S Walnut StMuncie, IN 47302
Eco-Friendly
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  • Utilities Included
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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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Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952

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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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
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424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • Utilities Included

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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Fox Brook Apartments
1 to 3 Bedroom Apartments

Fox Brook Apartments

4000 N Walnut StMuncie, IN 47303
  • Utilities Included
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Delaware Acres
2 to 3 Bedroom Apartments

Delaware Acres

9901 N State Road 3Muncie, IN 47303

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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402 S Washington St
1 to 3 Bedroom Apartments

402 S Washington St

402 S Washington StMarion, IN 46953
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Matthews, IN Local Guide

Cheapest Available Matthews Apartments for Rent and Nearby

 

The cheapest available apartment rental in Matthews, IN is a 3 Beds unit found at Muncie Varsity House in the Westacres neighborhood priced from $569. 6301 W Kilgore Ave in the Westacres neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Matthews apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$850
The Alan1A-HC 60%2BR,1BA$870
Labor Center Lofts1BR/1.0BA1BR,1BA$880
Colonial Crest ApartmentsUnfurnished Studio1BR,1BA$900
Normandy ApartmentsPrivate 1 Bed Student Housing! #MainCharacterEn...1BR,1BA$910
Turnberry Square Apartments2x2A2BR,2BA$955
Charles CommonsCharles Commons — Quiet Living, Close to Everyt...1BR,1BA$960

Best Value Apartments for Rent in Matthews, IN and Nearby

As of August 17, 2026 the best value apartment in the Matthews area is the $0.51 price per square foot 3BD/3BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $549. The second greatest value Matthews apartment is the 2x2 Upgrade Model at The Latitude Apartments starting at $1,099 with a $1.20 price per square foot in the North Muncie neighborhood. Here is today’s list of the best values for Matthews apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village3BD/3BA Unfurnished Premium3BR,3BA$0.51
The Latitude Apartments2x2 Upgrade2BR,2BA$1.20
Walnut Manor ApartmentsWM 2x1.52BR,1.5BA$1.23
Fox Brook Apartments2x1 R2BR,1BA$1.21
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Labor Center Lofts1BR/1.0BA1BR,1BA$1.13
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
The Alan1A-HC 60%2BR,1BA$1.26
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.26

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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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!

Explore Matthews, IN Rentals by Map

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Frequently Asked Questions about Cheap Matthews Apartments

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

The lowest price for a Cheap One Bedroom Matthews Apartment is $850 at Forest Oaks Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Matthews is starting from $569 at Muncie Varsity House.

What is the most affordable Matthews Three Bedroom Apartment?

The best deal on a cheap Matthews Three Bedroom Apartment rental is at Muncie Varsity House and starts from $569.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.