Cheap Homes for Rent in Merrillville, IN from $700 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Merrillville.

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.

property at 4340 Buchanan St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

4340 Buchanan St

GaryIN46408

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.

Merrillville, IN Local Guide

Cheapest Neighborhoods for Apartments in Merrillville, IN

Pricing Updated: 05/17/2026

Current apartment rentals in the Merrillville, IN area range in price from $975 to $14,681 with an overall median price of $9,496. The three Merrillville neighborhoods with the lowest median rent pricing are Bon Aire at $975, Meadowdale at $975, and Chapel Manor at $990. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Merrillville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bon Aire$1,570$97512
Meadowdale$1,570$97512
Chapel Manor$2,619$99054
Old Merrillville$2,619$1,07051
Crescent Lake$14,431$1,1618
Georgia Heights$14,431$97521
Independence Hill$14,431$1,19917
Lottaville$14,431$97522
Southmoor$14,431$99062
Turkey Creek$14,431$97530

Cheapest Available Merrillville Apartments for Rent

 

The cheapest available apartment rental in Merrillville, IN is a 1 Bed unit found at The Ridge Apartments in the Liverpool neighborhood priced from $975. Tiberon Trails in the Liverpool neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $989. Here is today’s list of the most affordable Merrillville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Ridge ApartmentsFir1BR,1BA$975
Tiberon TrailsStudio CStudio,1BA$989
Birchwood ApartmentsOne Bedroom1BR,1BA$990
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Harvest Grove Apartment Homes1BD-Small1BR,1BA$1,161

Best Value Apartments for Rent in Merrillville, IN

As of May 18, 2026 the best value apartment in the Merrillville area is the $1.74 price per square foot Willowood Model at Redwood Merrillville in the in the Independence Hill neighborhood starting from $2,399. The second greatest value Merrillville apartment is the Bavarian Model at Hidden Creek starting at $1,369 with a $1.49 price per square foot in the Crescent Lake neighborhood. Here is today’s list of the best values for Merrillville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood MerrillvilleWillowood2BR,2BA$1.74
Hidden CreekBavarian2BR,1BA$1.49
Whitcomb Terrace ApartmentsHartford Open2BR,1BA$1.47
Fountain View Apartments1BR / 1BA1BR,1BA$1.67
Vita on GrantA1BR,1BA$1.77
2100 N Main St1 Bed 1 Bath1BR,1BA$1.50
Huntington Cove ApartmentsA21BR,1BA$1.72
Harvest Grove Apartment Homes1BD-Small1BR,1BA$1.66
Birchwood ApartmentsOne Bedroom1BR,1BA$1.52
The Ridge ApartmentsFir1BR,1BA$1.50

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Merrillville, IN Rentals by Map

View Map
Merrillville, IN Apartments Map
View Map
Merrillville, IN Rental Homes Map

Frequently Asked Questions about Merrillville

What type of rentals are currently available in Merrillville?

There are currently 129 Apartments for Rent in Merrillville, IN with pricing that ranges from $975 to $14,681. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merrillville ranging from $750 to $3,300.

What is the current price range for Rental Homes in Merrillville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Merrillville ranges from $750 to $3,300 with an average monthly rent of $1,770.

How much are larger Three and Four Bedroom Rentals in Merrillville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Merrillville range from $1,570 to $3,272, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,175. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $10,000.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.