Cheap Apartments for Rent in Middletown, IN from $300 (11 Rentals)

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

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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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The Cedars
1 Bedroom Apartments

The Cedars

1010 W Bethel RdMuncie, IN 47303
Student Housing

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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.

property at 21 W 8th St

$700

Studio Rentals

Available Now

21 W 8th St

AndersonIN46016

Middletown, IN Local Guide

Cheapest Available Middletown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Middletown, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior in the Anderson neighborhood priced from $250. The Haven in the North Muncie neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $540. Here is today’s list of the most affordable Middletown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
The Haven4x44BR,4BA$540
ApplegateStudio - 288 sqftStudio,1BA$669
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$709
Arrasmith Apartments1BR/1.0BA1BR,1BA$750

Best Value Apartments for Rent in Middletown, IN and Nearby

As of February 21, 2026 the best value apartment in the Middletown area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the in the Anderson neighborhood starting from $1,300. The second greatest value Middletown apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $809 with a $0.62 price per square foot in the North Muncie neighborhood. Here is today’s list of the best values for Middletown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sun Valley TownhomesTownhouse3BR,2.5BA$0.92
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
Golden Pebble EstatesMaynardville Classic 763BR,2BA$1.00
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
683 N 5th St, Unit 683683 N 5th St2BR,1BA$1.00
Hoosier Woods2X2 60%2BR,2BA$0.95
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
Freedom Acres MHCBlazer Extreme2BR,1BA$1.08
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.01
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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

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Frequently Asked Questions about Cheap Middletown Apartments

What is the Cheapest Studio apartment in Middletown?

Currently the most affordable Cheap Studio Apartment in Middletown is at Applegate listed at $669.

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

The lowest price for a Cheap One Bedroom Middletown Apartment is $250 at The Towers at Southdale Affordable Senior.

What is the lowest price for a Cheap Two Bedroom Middletown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Middletown is starting from $720 at The Haven.

What is the most affordable Middletown Three Bedroom Apartment?

The best deal on a cheap Middletown Three Bedroom Apartment rental is at The Haven and starts from $575.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.