Cheap Homes for Rent in Mount Vernon, IN from $600 (29 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.

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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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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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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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Showing Results 1-29, Page 1 of 1

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 Graystone Henderson in the Henderson North End neighborhood priced from $625. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here is today’s list of the most affordable Mount Vernon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$625
Embassy Apartments0.1Studio,1BA$660
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
TERRA TRACEThe Dogwood1BR,1BA$749
Foxfire West Apartments1.1 NS1BR,1BA$795
The Rathbone Apartments1bed, 1 bath1BR,1BA$795
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$820
10432 HiddenValley Ln2 Beds, 1 Baths2BR,1BA$825
Parkside Apartments2 Bedroom2BR,1BA$825

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

As of June 12, 2026 the best value apartment in the Mount Vernon area is the $1.15 price per square foot 3BR/2.0BA Model at Apartments@41 in the in the Business 41 neighborhood starting from $1,600. The second greatest value Mount Vernon apartment is the 2bed2bath Model at 1210 Char Lee Dr starting at $1,400 with a $1.12 price per square foot in the Howell neighborhood. 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@413BR/2.0BA3BR,2BA$1.15
1210 Char Lee Dr2bed2bath2BR,2BA$1.12
North ParkKensington2BR,1.5BA$1.00
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Addison PlaceKensington2BR,2BA$0.86
The Brickyard ApartmentsKeystone1BR,1BA$1.16
Colonial Manor Apartments2X12BR,1BA$1.15
452 Sunset Dr, Unit C452 Sunset Dr2BR,1.5BA$1.07
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Parkside Apartments2 Bedroom2BR,1BA$1.03

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 Mount Vernon

What type of rentals are currently available in Mount Vernon?

There are currently 65 Apartments for Rent in Mount Vernon, IN with pricing that ranges from $565 to $3,420. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Vernon ranging from $650 to $2,800.

What is the current price range for Rental Homes in Mount Vernon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Vernon ranges from $650 to $2,800 with an average monthly rent of $1,088.

How much are larger Three and Four Bedroom Rentals in Mount Vernon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Vernon range from $1,190 to $1,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.

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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.