Cheap Homes for Rent in Mongo, IN from $600 (12 Rentals)

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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.

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.

Mongo, IN Local Guide

Cheapest Available Mongo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mongo, IN is a 2 Beds unit found at Drake Terrace III priced from $741. Fawn River Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $909. Here is today’s list of the most affordable Mongo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Drake Terrace III2 Bedroom2BR,1BA$741
Fawn River Apartments1 Bed1BR,1BA$909
Crosswait Estates ApartmentsTwo Bedroom2BR,1BA$919
Sun Meadows ApartmentsRoom to Live, Relax & Enjoy – 1 Bedroom Ranch A...1BR,1BA$925
West CommonsThe CoveStudio,1BA$940

Best Value Apartments for Rent in Mongo, IN and Nearby

As of June 19, 2026 the best value apartment in the Mongo area is the $1.21 price per square foot Kensington Model at Union Club Apartments in the in the Pine Valley neighborhood starting from $2,131. The second greatest value Mongo apartment is the 3 bed 2 bath 1600 sq ft Model at GREENLEAF starting at $1,525 with a $0.95 price per square foot in the East Jackson neighborhood. Here is today’s list of the best values for Mongo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Union Club ApartmentsKensington3BR,2BA$1.21
GREENLEAF3 bed 2 bath 1600 sq ft3BR,2BA$0.95
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Stoughton Estates ApartmentsTwo Bedroom2BR,1BA$1.24
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.11
Crosswait Estates ApartmentsTwo Bedroom2BR,1BA$0.96
Fawn River Apartments1 Bed1BR,1BA$0.97
The Retreat Apartment Homes2 bd2BR,1BA$1.20
Drake Terrace III2 Bedroom2BR,1BA$0.99

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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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.

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

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Frequently Asked Questions about Mongo

What type of rentals are currently available in Mongo?

There are currently 51 Apartments for Rent in Mongo, IN with pricing that ranges from $335 to $2,500. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mongo ranging from $250 to $4,000.

What is the current price range for Rental Homes in Mongo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mongo ranges from $250 to $4,000 with an average monthly rent of $1,880.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.

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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.