Cheap Apartments for Rent in Michigantown, IN from $500 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in Michigantown.

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.

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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.

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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.

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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
  • Utilities Included
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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living
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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902

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.

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Blackhawk Commons
1 to 3 Bedroom Apartments

Blackhawk Commons

503 E 4th StSheridan, IN 46069

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Michigantown, IN Local Guide

Cheapest Available Michigantown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Michigantown, IN is a Studio unit found at Turtle Creek Frankfort priced from $625. The Annex of Kokomo has the second lowest priced unit, which is a 3 Beds apartment currently listed from $667. Here is today’s list of the most affordable Michigantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Turtle Creek FrankfortEmeraldStudio,1BA$625
The Annex of Kokomo3 bed 3 Bath3BR,3BA$667
Turtle Creek KokomoSpringStudio,1BA$685
Lincolnwood Apartments1BR/1BA1BR,1BA$700
Brentwood Greene1 Bedroom Unit1BR,1BA$723
Kingston Green Apartments1BR/1BA1BR,1BA$750
The Macy ApartmentsStudio Unfurnished/FurnishedStudio,1BA$750
Walnut ManorSTUDIOStudio,1BA$750
Georgetown Apartments2BR/1.0BA2BR,1BA$775
410 - WINDING BROOK APARTMENTS1 Bedroom - 2nd Floor1BR,1BA$829

Best Value Apartments for Rent in Michigantown, IN and Nearby

As of October 29, 2025 the best value apartment in the Michigantown area is the $0.88 price per square foot 3 Bed 2 Bath Model at Union at Washington in the starting from $1,017. The second greatest value Michigantown apartment is the Two Bedroom Model at Kise Estates Apartments starting at $1,180 with a $1.23 price per square foot in the Lebanon Whitestown neighborhood. Here is today’s list of the best values for Michigantown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1.23
Brentwood Greene2 Bedroom Unit2BR,1BA$1.17
JEFFERSON CROSSING2 Bedroom 1 Bathroom - Townhome2BR,1BA$1.07
Eastgate Townhomes2 Bed 1 Bath Townhome2BR,1BA$1.05
Georgetown Apartments2BR/1.5BA2BR,1.5BA$1.05
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.84
MAPLE CREST1x1BUp1BR,1BA$1.18
Kingston Green Apartments1BR/1BA1BR,1BA$1.24

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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

Explore Michigantown, IN Rentals by Map

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See the most popular apartments and homes in Michigantown, IN

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Getting Around Michigantown, IN

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Turtle Creek Frankfort listed at $625.

How much is rent for a Cheap One Bedroom Michigantown Apartment?

The lowest price for a Cheap One Bedroom Michigantown Apartment is $700 at Lincolnwood 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 $775 at Georgetown Apartments.

What is the most affordable Michigantown Three Bedroom Apartment?

The best deal on a cheap Michigantown Three Bedroom Apartment rental is at The Annex of Kokomo and starts from $667.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.