
Cheap Homes for Rent in Michigantown, IN from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Michigantown.


918 S Bell St

201 N Philips St

1323 S Webster St

1303 S Main St

723 W Jefferson St

110 1/2 E Jefferson St

711 N Webster St

609 W Broadway St
Michigantown, IN Local Guide

How much does it cost to rent a home in Michigantown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michigantown 2 Bedroom Homes for Rent | $1,034 | $650 | $1,750 |
| Michigantown 3 Bedroom Homes for Rent | $1,790 | $950 | $3,200 |
| Michigantown 4 Bedroom Homes for Rent | $1,433 | $1,300 | $1,500 |
Browse Top Homes for Rent 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Turtle Creek Frankfort | Emerald | Studio,1BA | $625 |
| The Annex of Kokomo | 3 bed 3 Bath | 3BR,3BA | $667 |
| Turtle Creek Kokomo | Spring | Studio,1BA | $685 |
Best Value Apartments for Rent in Michigantown, IN and Nearby
As of October 30, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Union at Washington | 3 Bed 2 Bath | 3BR,2BA | $0.88 |
| Kise Estates Apartments | Two Bedroom | 2BR,1BA | $1.23 |
| Brentwood Greene | 2 Bedroom Unit | 2BR,1BA | $1.17 |
| JEFFERSON CROSSING | 2 Bedroom 1 Bathroom - Townhome | 2BR,1BA | $1.07 |
| Eastgate Townhomes | 2 Bed 1 Bath Townhome | 2BR,1BA | $1.05 |
| Georgetown Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.05 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.84 |
| MAPLE CREST | 1x1BUp | 1BR,1BA | $1.18 |
| Kingston Green Apartments | 1BR/1BA | 1BR,1BA | $1.24 |
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Frequently Asked Questions about Michigantown
What type of rentals are currently available in Michigantown?
There are currently 48 Apartments for Rent in Michigantown, IN with pricing that ranges from $505 to $3,299. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michigantown ranging from $599 to $3,200.
What is the current price range for Rental Homes in Michigantown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Michigantown ranges from $599 to $3,200 with an average monthly rent of $1,252.
How much are larger Three and Four Bedroom Rentals in Michigantown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Michigantown range from $667 to $2,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $505.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.