
Cheap Homes for Rent in Michigantown, IN from $600 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Michigantown.


723 W Jefferson St

809 N Webster St

1710 S Market St

1708 S Market St

314 E Walnut St

609 W Broadway St
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.

2501 N Apperson Way

7535 W 226 S

1004 E Dixon St

1411 N Courtland Ave

203 1/2-202 E 1st St

1131 S Bell St

754 S 2nd 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.

1141 S Calumet St

503 W Walnut St

1326 S Elizabeth St

1332 S Elizabeth St

1334 S Elizabeth St

508 S Indiana Ave

1901 S Webster St
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.

1137 S Armstrong 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 | $924 | $695 | $1,095 |
| Michigantown 3 Bedroom Homes for Rent | $1,370 | $995 | $2,450 |
| Michigantown 4 Bedroom Homes for Rent | $2,295 | $2,295 | $2,295 |
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 1 Bed unit found at Apperson Way Apartments priced from $398. First Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. 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 |
| First Flats | 1bed/1bath Non-Renovated | 1BR,1BA | $675 |
| Pine Manor Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| Walnut Manor | STUDIO | Studio,1BA | $699 |
| Turtle Creek Kokomo | Spring | Studio,1BA | $715 |
Best Value Apartments for Rent in Michigantown, IN and Nearby
As of June 06, 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!
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Frequently Asked Questions about Michigantown
What type of rentals are currently available in Michigantown?
There are currently 53 Apartments for Rent in Michigantown, IN with pricing that ranges from $398 to $2,599. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michigantown ranging from $695 to $2,450.
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 $695 to $2,450 with an average monthly rent of $1,344.
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 $525 to $2,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,450. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $505.
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

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.

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.