Cheap Homes for Rent in Nappanee, IN from $300 (10 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.

Nappanee, IN Local Guide

Cheapest Available Nappanee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Nappanee, IN is a Studio unit found at Courts of Colfax Apartments priced from $750. Arbors at Riverbend Apartments in the Outer Central South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $943. Here is today’s list of the most affordable Nappanee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Courts of Colfax ApartmentsWinonaStudio,1BA$750
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$943
Irish Hills ApartmentsClassic One Bedroom1BR,1BA$952

Best Value Apartments for Rent in Nappanee, IN and Nearby

As of May 16, 2026 the best value apartment in the Nappanee area is the $1.43 price per square foot 3 Bed 2 Bath Model at Copperleaf Cove in the in the South Elkhart neighborhood starting from $1,849. The second greatest value Nappanee apartment is the The Whitewater Model at North River Landing Apartments starting at $1,300 with a $1.08 price per square foot in the Bower neighborhood. Here is today’s list of the best values for Nappanee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Copperleaf Cove3 Bed 2 Bath3BR,2BA$1.43
North River Landing ApartmentsThe Whitewater2BR,2BA$1.08
River Pointe ApartmentsSpindrift2BR,2BA$1.12
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.06
Lakeland Villa Apartments***WAIT LIST APPLICATION***2BR,2BA$1.30
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
Reflections Apartment Homes2X12BR,1BA$1.32
Autumn Lakes Apartments and TownhomesOne Bedroom Traditional1BR,1BA$1.43
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28
Courts of Colfax ApartmentsWinonaStudio ,1BA$1.24

Top Neighborhoods to Rent Near Major Colleges and Universities in South Bend, IN

Find your ideal affordable rental near the University of Notre Dame, St. Mary's College, and Ivy Tech in South Bend, IN. Explore top neighborhoods now.

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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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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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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 Nappanee

What type of rentals are currently available in Nappanee?

There are currently 52 Apartments for Rent in Nappanee, IN with pricing that ranges from $605 to $3,550. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nappanee ranging from $295 to $3,900.

What is the current price range for Rental Homes in Nappanee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nappanee ranges from $295 to $3,900 with an average monthly rent of $1,934.

How much are larger Three and Four Bedroom Rentals in Nappanee?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Nappanee range from $940 to $3,174, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,150. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,471.

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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The Expert List: South Bends 7 Most Livable and Affordable Neighborhoods

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for South Bend, Indiana I am happy to help you find an affordable place to live in this surprisingly vibrant and extremely livable city.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.