Cheap Homes for Rent in Merrillville, IN from $700 (12 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Merrillville, IN Local Guide

Cheapest Neighborhoods for Apartments in Merrillville, IN

Pricing Updated: 06/24/2025

Current apartment rentals in the Merrillville, IN area range in price from $700 to $2,600 with an overall median price of $2,285. The three Merrillville neighborhoods with the lowest median rent pricing are Bon Aire at $700, Georgia Heights at $700, and Meadowdale at $700. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Merrillville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bon Aire$1,782$70010
Georgia Heights$2,000$70025
Meadowdale$2,000$70018
Chapel Manor$2,350$2,0852
Lottaville$2,375$7006
Turkey Creek$2,412$7008
Old Merrillville$2,450$2,2502
Crescent Lake$2,600$1,9454
Independence Hill$2,600$1,9453

Cheapest Available Merrillville Apartments for Rent

 

The cheapest available apartment rental in Merrillville, IN is a 1 Bed unit found at Birchwood Apartments in the Liverpool neighborhood priced from $930. The Ridge Apartments in the Liverpool neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Merrillville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Birchwood ApartmentsOne Bedroom1BR,1BA$930
The Ridge ApartmentsFir1BR,1BA$975
Meadowlane Apartments1BR/ 1BA1BR,1BA$985
Tiberon Trails ApartmentsOne Bedroom1BR,1BA$1,000
Evergreen Luxury ApartmentsA11BR,1BA$1,280

Best Value Apartments for Rent in Merrillville, IN

As of June 24, 2025 the best value apartment in the Merrillville area is the $1.19 price per square foot 2 Bed 1 Bath Model at 2100 N Main St in the in the Downtown Crown Point neighborhood starting from $1,425. The second greatest value Merrillville apartment is the 5041 Jefferson St Model at 5041 Jefferson St, Unit 5041 starting at $1,100 with a $0.95 price per square foot in the Liverpool 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.
2100 N Main St2 Bed 1 Bath2BR,1BA$1.19
5041 Jefferson St, Unit 50415041 Jefferson St2BR,1BA$0.95
Mallard Bay ApartmentsThe Reflection 2 BR 2 BA2BR,2BA$1.82
Meadowlane Apartments2BR/ 1BA2BR,1BA$1.08
Fountain View Apartments2BR / 1BA2BR,1BA$1.31
Huntington Cove ApartmentsB22BR,2BA$1.48
Vita Luxury Apartments On GrantA1BR,1BA$1.73
Tiberon Trails ApartmentsOne Bedroom1BR,1BA$1.38
Birchwood ApartmentsOne Bedroom1BR,1BA$1.43
The Ridge ApartmentsFir1BR,1BA$1.50

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Frequently Asked Questions about Merrillville

What type of rentals are currently available in Merrillville?

There are currently 126 Apartments for Rent in Merrillville, IN with pricing that ranges from $850 to $4,391. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merrillville ranging from $700 to $3,995.

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 $700 to $3,995 with an average monthly rent of $1,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.