
Cheap Homes for Rent in Mount Vernon, IN from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Mount Vernon.


1231 Culver Ave

510 Ellen Dr

224 Steven St

649 E Oregon St
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.

640 Jefferson Ave

1133 Bayard Park Dr

658 E Louisiana St

660 Taylor Ave

924 SE 6th St
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.

1330 SE 2nd St
Mount Vernon, IN Local Guide

How much does it cost to rent a home in Mount Vernon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Vernon 2 Bedroom Homes for Rent | $946 | $695 | $1,200 |
| Mount Vernon 3 Bedroom Homes for Rent | $1,260 | $800 | $2,695 |
| Mount Vernon 4 Bedroom Homes for Rent | $975 | $950 | $1,000 |
Browse Top Homes for Rent in Mount Vernon
Explore Mount Vernon
Mount Vernon, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Valoré at Hidden Hills in the Outer Central North neighborhood 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 Mount Vernon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Embassy Apartments | 0.1 | Studio,1BA | $685 |
| Lakewood Flats and Townhomes | 1sm wd | 1BR,1BA | $765 |
| Foxfire West Apartments | 1.1 NS | 1BR,1BA | $795 |
Best Value Apartments for Rent in Mount Vernon, IN and Nearby
As of April 25, 2026 the best value apartment in the Mount Vernon area is the $1.00 price per square foot Kensington Model at North Park in the in the Mt Auburn neighborhood starting from $1,199. The second greatest value Mount Vernon apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 price per square foot in the Evansville West Side neighborhood. Here is today’s list of the best values for Mount Vernon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| North Park | Kensington | 2BR,1.5BA | $1.00 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.85 |
| 1508 Blue Bonnet St, Unit 1411 Clover | 1508 Blue Bonnet St | 2BR,1.5BA | $1.05 |
| Hornbrook Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.04 |
| 452 Sunset Dr, Unit C | 452 Sunset Dr | 2BR,1.5BA | $1.07 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Copper Creek Townhomes | A-1 Bedroom Ranch | 1BR,1BA | $1.23 |
| Woodbridge Place | The Dogwood | 1BR,1BA | $1.14 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mount Vernon, IN Rentals by Map
See the most popular apartments and homes in Mount Vernon, IN
Frequently Asked Questions about Mount Vernon
What type of rentals are currently available in Mount Vernon?
There are currently 62 Apartments for Rent in Mount Vernon, IN with pricing that ranges from $580 to $3,420. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Vernon ranging from $550 to $2,695.
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 $2,695 with an average monthly rent of $1,136.
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 $1,170 to $1,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,695. Four Bedroom Single-Family rentals are also available starting from $950 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

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.

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.

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.

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.