
Cheap Homes for Rent in Middletown, IN from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Middletown.


336 W 6th St

702 W 23rd St

309.5 Central Ave

21 W 8th St

1807 Raible Ave

519 W 2nd 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.

1719 Johnson Ave

4609 S Madison St

1123 Louise St

2124 Poplar St

2625 Main St

223 E 11th St

1720 W 24th 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.
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 | $990 | $850 | $1,200 |
| Middletown 3 Bedroom Homes for Rent | $1,221 | $900 | $1,725 |
| Middletown 4 Bedroom Homes for Rent | $1,647 | $1,295 | $2,000 |
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 priced from $250. University Village in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $514. 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 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| Flats at West End | 0BR/1.0BA | Studio,1BA | $550 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| The Alan | 1A 50% | 1BR,1BA | $712 |
Best Value Apartments for Rent in Middletown, IN and Nearby
As of May 23, 2026 the best value apartment in the Middletown area is the $0.89 price per square foot Prime FHB Model at Golden Pebble Estates in the starting from $1,399. The second greatest value Middletown apartment is the Townhouse Model at Sun Valley Townhomes starting at $1,300 with a $0.92 price per square foot . 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. |
|---|---|---|---|
| Golden Pebble Estates | Prime FHB | 3BR,2BA | $0.89 |
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| Freedom Acres MHC | Pulse 7616 | 3BR,2BA | $0.94 |
| Silvertree Communities | Silvertree 3bd | 3BR,2BA | $0.39 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| Hoosier Woods | 1X1 60% | 1BR,1BA | $1.20 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.26 |
| 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 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 Middletown
What type of rentals are currently available in Middletown?
There are currently 50 Apartments for Rent in Middletown, IN with pricing that ranges from $250 to $1,800. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Middletown ranging from $525 to $2,000.
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 $525 to $2,000 with an average monthly rent of $1,048.
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 $305 to $1,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,725. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $449.
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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.