Cheap Apartments for Rent in Mount Vernon, IN from $500 (78 Rentals)

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

property at 1503 Blue Bonnet St
$1,100

Total Monthly Price

Base Rent$1,100
Total Monthly Price$1,100
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now

1503 Blue Bonnet St

Mount VernonIN47620
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Green Valley Apartments
1 to 3 Bedroom Apartments

Green Valley Apartments

525 Green Valley DrMount Vernon, IN 47620
  • Utilities Included

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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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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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

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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The Rathbone Apartments
Studio to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included

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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Mount Vernon, IN Local Guide

Cheapest Available Mount Vernon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mount Vernon, IN is a 1 Bed unit found at 1210 Char Lee Dr in the Howell neighborhood priced from $500. Anchor Court Apartments in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Mount Vernon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1210 Char Lee Dr1bed1bath1BR, 1BA$500
Anchor Court Apartments1BR/1.0BA1BR, 1BA$625
Embassy Apartments0.1Studio, 1BA$660
Graystone Henderson1 Bedroom1BR, 1BA$675
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR, 1BA$675
Addison PlaceWindsor1BR, 1BA$699
Shady Tree ApartmentsThe AshStudio, 1BA$735
Lakewood Flats and TownhomesThe Dogwood1BR, 1BA$745
The Manning1 Bedroom 1 Bathroom1BR, 1BA$799
Woodbridge Place Apartments1x1-7001BR, 1BA$799

Best Value Apartments for Rent in Mount Vernon, IN and Nearby

As of September 20, 2026 the best value apartment in the Mount Vernon area is the $1.13 price per square foot 2BR/2.0BA Model at Apartments@41 in the Business 41 neighborhood starting from $1,450. The second greatest value Mount Vernon apartment is the Model Model at Weinbach Manor Apartments in the Lincoln-Bellemeade neighborhood starting at $1,250 with a $1.04 price per square foot. Here is today’s list of the best values for Mount Vernon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apartments@412BR/2.0BA2BR, 2BA$1.13
Weinbach Manor ApartmentsModel2BR, 2BA$1.04
Northbend Townhomes3 Bedroom Townhome3BR, 1.5BA$1.12
Owen BlockOwen Block - 1 Bedroom 1 Bathroom1BR, 1BA$1.08
Fairway Plaza2 Bedroom2BR, 1BA$0.82
Addison PlaceSt Charles2BR, 1BA$1.15
Parkside Apartments2 Bedroom2BR, 1BA$1.03
North ParkMcCallister1BR, 1BA$1.11
1210 Char Lee Dr1bed1bath1BR, 1BA$0.67
Lakewood Flats and TownhomesThe Dogwood1BR, 1BA$1.15

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

Explore Mount Vernon, IN Rentals by Map

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Frequently Asked Questions about Cheap Mount Vernon Apartments

What is the Cheapest Studio apartment in Mount Vernon?

Currently the most affordable Cheap Studio Apartment in Mount Vernon is at Embassy Apartments listed at $660.

How much is rent for a Cheap One Bedroom Mount Vernon Apartment?

The lowest price for a Cheap One Bedroom Mount Vernon Apartment is $500 at 1210 Char Lee Dr.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mount Vernon is starting from $700 at 1210 Char Lee Dr.

What is the most affordable Mount Vernon Three Bedroom Apartment?

The best deal on a cheap Mount Vernon Three Bedroom Apartment rental is at Northbend Townhomes and starts from $1,187.

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

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.