
Cheap Apartments for Rent in Michigantown, IN from $300 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in Michigantown.


MAPLE CREST

1503 S Plate St

1302 W Sycamore St

Walnut Manor

Turtle Creek Kokomo

The Macy Apartments

Turtle Creek Frankfort

Nickel Plate Flats

Kingston Green Apartments
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.

First Flats

Fox Acres Apartments

Carter West Apartments & Townhouses

Winding Brook Apartments

Ashbury Apartments

Sycamore Apartments

Bradford Run Apartments

Georgetown Apartments

Hawthorne Properties

Shaker Square
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.

306 Riverfront

The Harvest at Kokomo

STERLING COURT APARTMENTS

451 Lebanon Apartments

Union at Washington

The Legends of Wildcat Creek

Jefferson Crossing Apartments

Eastgate Townhomes

1826 S Goyer Rd

Blackhawk Commons
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2930 Albright

Lincolnwood Apartments

314 E Walnut St

411 S East St

809 N Webster St

Indian Springs Apartments

532 W Mulberry St

1710 S Market St

1708 S Market St

701 E Walnut St
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 Brakeman Apartments

Brentwood Greene

330 N Clark St

609 W Broadway St

Concord Square Apartments

2501 N Apperson Way

1004 E Dixon St

1411 N Courtland Ave

Tipton Terrace

Imperial Apartments
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.
Michigantown, IN Local Guide

How much does it cost to rent an apartment in Michigantown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michigantown Studio Apartments | $924 | $699 | $1,759 |
| Michigantown 1 Bedroom Apartments | $1,330 | $398 | $2,179 |
| Michigantown 2 Bedroom Apartments | $1,447 | $479 | $2,259 |
| Michigantown 3 Bedroom Apartments | $1,844 | $500 | $2,599 |
| Michigantown 4 Bedroom Apartments | $885 | $505 | $1,600 |
Browse Top Apartments in Michigantown
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Michigantown, IN Local Guide
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Cheapest Available Michigantown Apartments for Rent and Nearby
 The cheapest available apartment rental in Michigantown, IN is a 1 Bed unit found at Apperson Way Apartments priced from $398. Walnut Manor has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Michigantown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Apperson Way Apartments | 1 Bedroom | 1BR,1BA | $398 |
| Walnut Manor | STUDIO | Studio,1BA | $699 |
| Turtle Creek Kokomo | Spring | Studio,1BA | $715 |
| The Macy Apartments | Studio Unfurnished | Studio,1BA | $750 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $800 |
| First Flats | 1bd/1bath Partially Renovated | 1BR,1BA | $825 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $835 |
| Carter West Apartments & Townhouses | 2bed/1bath Partially Renovated | 2BR,1BA | $840 |
| Brentwood Greene | 2 Bedroom Unit | 2BR,1BA | $850 |
| Bradford Run Apartments | Redbud | 1BR,1BA | $863 |
Best Value Apartments for Rent in Michigantown, IN and Nearby
As of June 14, 2026 the best value apartment in the Michigantown area is the $0.71 price per square foot 2 Bedroom Unit Model at Brentwood Greene in the starting from $850. The second greatest value Michigantown apartment is the 3 Bed 2 Bath Model at Union at Washington starting at $1,017 with a $0.88 price per square foot . Here is today’s list of the best values for Michigantown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brentwood Greene | 2 Bedroom Unit | 2BR,1BA | $0.71 |
| Union at Washington | 3 Bed 2 Bath | 3BR,2BA | $0.88 |
| Apperson Way Apartments | 3 Bedroom Townhomes | 3BR,2BA | $1.17 |
| Winding Brook Apartments | 3 Bedroom Town Home | 3BR,1.5BA | $1.19 |
| Ashbury Apartments | 2 Bedroom- 1st floor | 2BR,1BA | $1.06 |
| Carter West Apartments & Townhouses | 2bed/1bath Partially Renovated | 2BR,1BA | $1.09 |
| MAPLE CREST | 1x1CUp | 1BR,1BA | $1.19 |
| Georgetown Apartments | 2BR/1.0BA | 2BR,1BA | $1.19 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.73 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Michigantown, IN Rentals by Map
See the most popular apartments and homes in Michigantown, IN
Frequently Asked Questions about Cheap Michigantown Apartments
What is the Cheapest Studio apartment in Michigantown?
Currently the most affordable Cheap Studio Apartment in Michigantown is at Walnut Manor listed at $699.
How much is rent for a Cheap One Bedroom Michigantown Apartment?
The lowest price for a Cheap One Bedroom Michigantown Apartment is $398 at Apperson Way Apartments.
What is the lowest price for a Cheap Two Bedroom Michigantown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Michigantown is starting from $479 at Apperson Way Apartments.
What is the most affordable Michigantown Three Bedroom Apartment?
The best deal on a cheap Michigantown Three Bedroom Apartment rental is at Apperson Way Apartments and starts from $551.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.