
Cheap Homes for Rent near Needham, IN from $795 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Needham.


303 N Madison Ave

1420 E Jefferson St

120 E King St

943 W McKay Rd

447 E Jefferson St

1199 Hospital Rd
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.

92 Greenwood Trail N Dr

939 W McKay Rd

278 Walnut St

959 W McKay Rd

845 Middle Dr

823 Tall Timber Dr

47 Meadow Ct W
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.
Needham, IN Local Guide

How much does it cost to rent a home in Needham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Needham 2 Bedroom Homes for Rent | $1,302 | $1,150 | $1,625 |
| Needham 3 Bedroom Homes for Rent | $1,945 | $1,289 | $4,500 |
| Needham 4 Bedroom Homes for Rent | $2,490 | $1,950 | $4,950 |
| Needham 5 Bedroom Homes for Rent | $2,532 | $2,279 | $2,755 |
| Needham 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
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Needham, IN Local Guide
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Cheapest Available Needham Apartments for Rent and Nearby
 The cheapest available apartment rental in Needham, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $775. 523 Miller Ave in the Downtown Shelbyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Needham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $800 |
| Clearview | The Bristol | Studio,1BA | $815 |
| Courts of Valle Vista | 1Bed/1Ba-Up (A) | 1BR,1BA | $924 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $999 |
Best Value Apartments for Rent in Needham, IN and Nearby
As of August 26, 2026 the best value apartment in the Needham area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Needham apartment is the E1r Model at Brixin Franklin starting at $1,795 with a $1.22 price per square foot in the Cityview Farm neighborhood. Here is today’s list of the best values for Needham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.20 |
| Brixin Franklin | E1r | 4BR,2BA | $1.22 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| Park Madison Apartments | Garden Style 2 Bedroom/2 Bath Apartments | 2BR,2BA | $1.09 |
| Copper Chase at Stones Crossing | Mercury | 1BR,1BA | $1.36 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Keeneland Crest Apartments | Bristol | 1BR,1BA | $1.44 |
| Autumn Chase | 1 Bd/1 Ba (C w/View) | 1BR,1BA | $1.46 |
| Yorktowne Farms Community | 1 Bed 1 Bath | 1BR,1BA | $1.46 |
| 523 Miller Ave | 1BR/1.0BA | 1BR,1BA | $1.33 |
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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Needham, IN
Frequently Asked Questions about Needham
What type of rentals are currently available in Needham?
There are currently 50 Apartments for Rent in Needham, IN with pricing that ranges from $775 to $2,790. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Needham ranging from $795 to $4,950.
What is the current price range for Rental Homes in Needham?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Needham ranges from $795 to $4,950 with an average monthly rent of $1,940.
How much are larger Three and Four Bedroom Rentals in Needham?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Needham range from $1,286 to $2,718, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,289 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,800.
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

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.

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.