Cheap Homes for Rent in Mount Vernon, IN from $550 (31 Rentals)

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

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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property at 924 SE 6th St
$800
1 Bedroom Rentals
Available Now
Affordability

924 SE 6th St

EvansvilleIN47713

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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property at 1503 Blue Bonnet St
$1,050

Total Monthly Price

Base Rent$1,050
Total Monthly Price$1,050
2 Bedroom, 1.5 Bath Townhome for Rent
Available Sep 18

1503 Blue Bonnet St

Mount VernonIN47620

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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property at 407 Fielding Ct
$1,100

Total Monthly Price

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

407 Fielding Ct

Mount VernonIN47620
Showing Results 1-31, 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 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
Fairway Plaza2 Bedroom2BR,1BA$740
Lakewood Flats and TownhomesThe Dogwood1BR,1BA$745
Foxfire West Apartments1.11BR,1BA$785

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

As of September 11, 2026 the best value apartment in the Mount Vernon area is the $1.08 price per square foot 3BR/2.0BA Model at Apartments@41 in the in the Business 41 neighborhood starting from $1,500. The second greatest value Mount Vernon apartment is the Model Model at Weinbach Manor Apartments starting at $1,250 with a $1.04 price per square foot in the Lincoln-Bellemeade 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$1.08
Weinbach Manor ApartmentsModel2BR,2BA$1.04
Northbend Townhomes3 Bedroom Townhome3BR,1.5BA$1.12
Terra Trace Apartments2x1.5-9362BR,1.5BA$1.12
Washington CourtWashington Court - 1 Bedroom 1 Bathroom1BR,1BA$1.18
Addison PlaceSt Charles2BR,1BA$1.15
Parkside Apartments2 Bedroom2BR,1BA$1.03
1210 Char Lee Dr1bed1bath1BR,1BA$0.88
North ParkMcCallister1BR,1BA$1.11
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 Mount Vernon

What type of rentals are currently available in Mount Vernon?

There are currently 66 Apartments for Rent in Mount Vernon, IN with pricing that ranges from $124 to $3,385. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Vernon ranging from $550 to $2,400.

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 $550 to $2,400 with an average monthly rent of $979.

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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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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.