Cheap Apartments for Rent in New Waverly, IN from $300 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Waverly.

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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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.

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900 North St
Studio to 1 Bedroom Apartments

900 North St

900 North StLogansport, IN 46947
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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902
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Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952
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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
Corporate Housing
  • Utilities Included

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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Lincolnwood Apartments
1 to 4 Bedroom Apartments

Lincolnwood Apartments

2101 Mark LnKokomo, IN 46902
  • Utilities Included
  • Smoke Free
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Indigo
1 Bedroom Apartments

Indigo

532 W Mulberry StKokomo, IN 46901

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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New Waverly, IN Local Guide

Cheapest Available New Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Waverly, IN is a 1 Bed unit found at Apperson Way Apartments priced from $398. Pine Manor Apartments 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 New Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apperson Way Apartments1 Bedroom1BR,1BA$398
Pine Manor Apartments1BR/1.0BA1BR,1BA$675
First Flats1bed/1bath Non-Renovated1BR,1BA$675
Green Town ApartmentsOne Bd rm1BR,1BA$675
Walnut ManorSTUDIOStudio,1BA$699
Turtle Creek KokomoSpringStudio,1BA$715
Somerset ApartmentsOne Bedroom1BR,1BA$722
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729
The Macy ApartmentsStudio UnfurnishedStudio,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$800

Best Value Apartments for Rent in New Waverly, IN and Nearby

As of June 06, 2026 the best value apartment in the New Waverly area is the $0.74 price per square foot Two Bedroom Model at Somerset Apartments in the starting from $913. The second greatest value New Waverly apartment is the 2 Bedroom Unit Model at Brentwood Greene starting at $850 with a $0.71 price per square foot . Here is today’s list of the best values for New Waverly apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.74
Brentwood Greene2 Bedroom Unit2BR,1BA$0.71
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Apperson Way Apartments3 Bedroom Townhomes3BR,2BA$1.17
Hilltop Ridge3 bed Mid Income Qualifying 3 bed3BR,1BA$0.88
Beckford Place2 Bedroom2BR,1BA$0.87
Ashbury Apartments2 Bedroom- 1st floor2BR,1BA$1.06
Carter West Apartments & Townhouses2bed/1bath Partially Renovated2BR,1BA$1.09
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.73

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!

Explore New Waverly, IN Rentals by Map

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See the most popular apartments and homes in New Waverly, IN

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Frequently Asked Questions about Cheap New Waverly Apartments

What is the Cheapest Studio apartment in New Waverly?

Currently the most affordable Cheap Studio Apartment in New Waverly is at Walnut Manor listed at $699.

How much is rent for a Cheap One Bedroom New Waverly Apartment?

The lowest price for a Cheap One Bedroom New Waverly Apartment is $398 at Apperson Way Apartments.

What is the lowest price for a Cheap Two Bedroom New Waverly Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Waverly is starting from $479 at Apperson Way Apartments.

What is the most affordable New Waverly Three Bedroom Apartment?

The best deal on a cheap New Waverly Three Bedroom Apartment rental is at Apperson Way Apartments and starts from $551.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.