Cheap Apartments for Rent in Morristown, IN from $400 (59 Rentals)

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

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.

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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.

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Indy 7925
Rent Specials
$1,063 - $1,785
Total Monthly Price

Total Monthly Price

Base Rent
$1,063 - $1,785
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Indy 7925

7925 Palawan DrIndianapolis, IN 46239
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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The 85Twenty
Rent Specials
$1,223 - $1,781
Total Monthly Price

Total Monthly Price

Base Rent
$1,223 - $1,781
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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property at 202 E Taylor St

$525 - $645

1 Bedroom Rentals

Available Now

202 E Taylor St

ShelbyvilleIN46176
property at 4881 300W

$850 - $925

2 Bedroom Rentals

Available Now

4881 300W

New PalestineIN46163

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Morristown, IN Local Guide

Cheapest Available Morristown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Morristown, IN is a Studio unit found at LINCOLN PARK APARTMENTS priced from $645. Academy Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Morristown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
LINCOLN PARK APARTMENTSStudioStudio,1BA$645
Academy Place Apartments1 BR 1 Bath1BR,1BA$675
Elmtree ParkStudio 1 BathStudio,1BA$685
Spanish OaksStudioStudio,1BA$725
The Vineyards Apartment HomesStudio ClassicStudio,1BA$819
English Village ApartmentsClassic One Bedroom Apartment Home1BR,1BA$850
Knoll Ridge Townhomes1 Bed, 1 Bath1BR,1BA$850
Willowood EastOne Bed One Bath1BR,1BA$860
StonehengeStudioStudio,1BA$874
Lake Marina ApartmentsThe Runabout1BR,1BA$899

Best Value Apartments for Rent in Morristown, IN and Nearby

As of April 30, 2026 the best value apartment in the Morristown area is the $1.28 price per square foot 4 Bed, 1.5 bath Townhome Model at Knoll Ridge Townhomes in the in the Southeast Indianapolis neighborhood starting from $1,600. The second greatest value Morristown apartment is the 2 Bed/ 1.5 Bath TH Model at Greenfield Knoll Apartments starting at $1,249 with a $1.16 price per square foot . Here is today’s list of the best values for Morristown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Knoll Ridge Townhomes4 Bed, 1.5 bath Townhome4BR,1.5BA$1.28
Greenfield Knoll Apartments2 Bed/ 1.5 Bath TH2BR,1.5BA$1.16
Knightstown Villas3 Bed 2 Bath3BR,2BA$1.12
The Life at Belhaven Place2 Bed 2 Bath2BR,2BA$1.25
Water Dance Apartments2BR/1BA2BR,1BA$1.27
Academy Place Apartments1 BR 1 Bath1BR,1BA$0.79
CrosswindsEarhart2BR,1BA$1.28
Bristol Square1 Bedroom Loft1BR,1.5BA$1.13
LINCOLN PARK APARTMENTSStudioStudio ,1BA$0.81
116 Chestnut St, Unit 120 Chestnut apt 8116 Chestnut St1BR,1BA$1.29

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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Cash 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.

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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.

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

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Frequently Asked Questions about Cheap Morristown Apartments

What is the Cheapest Studio apartment in Morristown?

Currently the most affordable Cheap Studio Apartment in Morristown is at LINCOLN PARK APARTMENTS listed at $645.

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

The lowest price for a Cheap One Bedroom Morristown Apartment is $675 at Academy Place Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Morristown is starting from $999 at Martin Estates Apartments.

What is the most affordable Morristown Three Bedroom Apartment?

The best deal on a cheap Morristown Three Bedroom Apartment rental is at Knightstown Villas and starts from $1,175.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.