Cheap Apartments for Rent near Middletown, IN from $340 (18 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Harter House
Studio to 1 Bedroom Apartments

Harter House

600 Main StAnderson, IN 46016
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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303

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.

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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 Lofts at Roberts in the School neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $416. 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 Lofts at RobertsThe Liberty2BR,1BA$416
The Haven4x44BR,4BA$565
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Middletown, IN and Nearby

As of August 22, 2026 the best value apartment in the Middletown area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. The second greatest value Middletown apartment is the 3x1.5 R Model at Canterbury Townhomes starting at $1,460 with a $1.12 price per square foot in the Westacres 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.
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Canterbury Townhomes3x1.5 R3BR,1.5BA$1.12
Silvertree CommunitiesLinden Place3BR,2BA$0.41
ApplecreekThe Jonathan2BR,2BA$1.13
The Lofts at RobertsThe Liberty2BR,1BA$0.42
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.18
Labor Center Lofts1BR/1.0BA1BR,1BA$1.13
Hoosier Woods1X1 60%1BR,1BA$1.20
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04
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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Real 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.

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

Explore Middletown, IN Rentals by Map

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Frequently Asked Questions about Cheap Middletown Apartments

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 $416 at The Lofts at Roberts.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.