
Cheap Homes for Rent in Middletown, IN from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Middletown.


309.5 Central Ave

336 W 6th St

21 W 8th St

2627 Chase 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.

519 W 2nd St

1030 Brookline St

1839 E 8th St

1825 E 8th St

730 W 9th St
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.

330 W 6th St

230 W 22nd St

810 E 8th St

3912 E Lynn St

1835 E 8th St
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.

1422 Central Ave

1837 E 8th St
Middletown, IN Local Guide

How much does it cost to rent a home in Middletown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Middletown 2 Bedroom Homes for Rent | $1,024 | $750 | $1,450 |
| Middletown 3 Bedroom Homes for Rent | $1,322 | $1,050 | $2,515 |
| Middletown 4 Bedroom Homes for Rent | $1,700 | $1,450 | $1,950 |
| Middletown 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Middletown
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Middletown, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| The Haven | 4x4 | 4BR,4BA | $540 |
| Applegate | Studio - 288 sqft | Studio,1BA | $669 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $709 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Golden Pebble Estates | Maynardville Classic 76 | 3BR,2BA | $1.00 |
| Silvertree Communities | Everbrook Townhomes | 2BR,1.5BA | $0.70 |
| 683 N 5th St, Unit 683 | 683 N 5th St | 2BR,1BA | $1.00 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $0.95 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.08 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $1.01 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
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!
Explore Middletown, IN Rentals by Map
See the most popular apartments and homes in Middletown, IN
Frequently Asked Questions about Middletown
What type of rentals are currently available in Middletown?
There are currently 49 Apartments for Rent in Middletown, IN with pricing that ranges from $250 to $1,800. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Middletown ranging from $575 to $2,515.
What is the current price range for Rental Homes in Middletown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Middletown ranges from $575 to $2,515 with an average monthly rent of $1,277.
How much are larger Three and Four Bedroom Rentals in Middletown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Middletown range from $350 to $1,737, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $350.
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

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.

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.

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.

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.