Cheap Homes for Rent in Mount Vernon, IN from $500 (11 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.

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.

property at 1330 SE 2nd St

$895 - $1,195

1 To 2 Bedroom Rentals

Available Now

1330 SE 2nd St

EvansvilleIN47713

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. 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 ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$625
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Lakewood Flats and Townhomes1sm wd1BR,1BA$765
Foxfire West Apartments1.1 NS1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
North ParkKensington2BR,1.5BA$1.00
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Ross Center Village2BR/1.0BA2BR,1BA$0.85
1508 Blue Bonnet St, Unit 1411 Clover1508 Blue Bonnet St2BR,1.5BA$1.05
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
452 Sunset Dr, Unit C452 Sunset Dr2BR,1.5BA$1.07
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Parkside Apartments2 Bedroom2BR,1BA$1.03
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.23
Woodbridge PlaceThe Dogwood1BR,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.

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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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Quick 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.

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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 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

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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.

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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.