
Cheap Homes for Rent in Merrillville, IN from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Merrillville.


5284 Broadway 2E Broadway

3964-74 Washington St

4170 Fillmore St

2410 W 45th Ave

1100 E 43rd Ave
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.

4340 Buchanan St

4385 Taney St

905 W 37th Ave

4295 Ohio St

624 W 44th Pl

3942 Lincoln St
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.

5026 Kentucky St
Merrillville, IN Local Guide

How much does it cost to rent a home in Merrillville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Merrillville 2 Bedroom Homes for Rent | $1,487 | $950 | $2,300 |
| Merrillville 3 Bedroom Homes for Rent | $1,817 | $1,100 | $3,175 |
| Merrillville 4 Bedroom Homes for Rent | $2,559 | $1,650 | $3,300 |
| Merrillville 5 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Top Homes for Rent in Merrillville
Explore Merrillville
Merrillville, IN Local Guide
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Cheapest Neighborhoods for Apartments in Merrillville, IN
Pricing Updated: 05/17/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Bon Aire | $1,570 | $975 | 12 |
| Meadowdale | $1,570 | $975 | 12 |
| Chapel Manor | $2,619 | $990 | 54 |
| Old Merrillville | $2,619 | $1,070 | 51 |
| Crescent Lake | $14,431 | $1,161 | 8 |
| Georgia Heights | $14,431 | $975 | 21 |
| Independence Hill | $14,431 | $1,199 | 17 |
| Lottaville | $14,431 | $975 | 22 |
| Southmoor | $14,431 | $990 | 62 |
| Turkey Creek | $14,431 | $975 | 30 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Ridge Apartments | Fir | 1BR,1BA | $975 |
| Tiberon Trails | Studio C | Studio,1BA | $989 |
| Birchwood Apartments | One Bedroom | 1BR,1BA | $990 |
| 2100 N Main St | 1 Bed 1 Bath | 1BR,1BA | $1,125 |
| Harvest Grove Apartment Homes | 1BD-Small | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Merrillville | Willowood | 2BR,2BA | $1.74 |
| Hidden Creek | Bavarian | 2BR,1BA | $1.49 |
| Whitcomb Terrace Apartments | Hartford Open | 2BR,1BA | $1.47 |
| Fountain View Apartments | 1BR / 1BA | 1BR,1BA | $1.67 |
| Vita on Grant | A | 1BR,1BA | $1.77 |
| 2100 N Main St | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| Huntington Cove Apartments | A2 | 1BR,1BA | $1.72 |
| Harvest Grove Apartment Homes | 1BD-Small | 1BR,1BA | $1.66 |
| Birchwood Apartments | One Bedroom | 1BR,1BA | $1.52 |
| The Ridge Apartments | Fir | 1BR,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 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.
Best Local Schools in Merrillville, IN
John Wood Elementary School
Merrillville Intermediate School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Merrillville, IN Rentals by Map
See the most popular apartments and homes in Merrillville, IN
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

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.