
Cheap Homes for Rent in Crescent Lake Neighborhood of Merrillville, IN from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Crescent Lake area of Merrillville.


4202 W 76th 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.

3136 W 83rd Ln

3121 W 82nd Pl
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.

3123 W 82nd Pl
Crescent Lake, Merrillville, IN Local Guide

How much does it cost to rent a home in Crescent Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Crescent Lake 2 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
| Crescent Lake 3 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Crescent Lake 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Crescent Lake Neighborhood of Merrillville, IN.
Explore Merrillville
Crescent Lake, Merrillville, IN Local Guide
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Cheapest Available Crescent Lake Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Harvest Grove Apartment Homes | 1BD-Deluxe | 1BR,1BA | $1,202 |
| Whitcomb Terrace Apartments | Colonial Invitational | 2BR,1BA | $1,319 |
Best Value Apartments for Rent in Crescent Lake, IN
As of May 07, 2026 the best value apartment in the Crescent Lake area is the $1.47 price per square foot Colonial Invitational Model at Whitcomb Terrace Apartments in the in the Turkey Creek neighborhood starting from $1,319. The second greatest value Crescent Lake apartment is the 1BD-Deluxe Model at Harvest Grove Apartment Homes starting at $1,202 with a $1.41 price per square foot in the Crescent Lake neighborhood. Here is today’s list of the best values for Crescent Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Whitcomb Terrace Apartments | Colonial Invitational | 2BR,1BA | $1.47 |
| Harvest Grove Apartment Homes | 1BD-Deluxe | 1BR,1BA | $1.41 |
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.
Read ArticleQuick 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.
Pet Friendly LifestyleCrescent Lake, Merrillville, IN
Ranked #5
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Crescent Lake
What type of rentals are currently available in Crescent Lake?
There are currently 44 Apartments for Rent in Crescent Lake, IN with pricing that ranges from $1,161 to $14,711. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Crescent Lake ranging from $1,500 to $2,600.
What is the current price range for Rental Homes in Crescent Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Crescent Lake ranges from $1,500 to $2,600 with an average monthly rent of $2,166.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.