Cheap Apartments for Rent in Otterbein, IN from $400 (55 Rentals)

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

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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State Street Commons
$1,400 - $2,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,800
Total Monthly Price
$1,400 - $2,800
2 Bedroom Apartments Available Now

State Street Commons

120 Andrew PlzWest Lafayette, IN 47906
Student Housing
  • Verified
  • Utilities Included
  • Low Income

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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Andrew Place Commons
$1,525 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,525 - $1,550
Total Monthly Price
$1,525 - $1,550
Studio Apartments Available Aug 7

Andrew Place Commons

132 Andrew PlWest Lafayette, IN 47906
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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1155 Anthrop Dr
Studio to 2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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CNC Leasing Group
3 Bedroom Apartments

CNC Leasing Group

1117 Hedgewood DrLafayette, IN 47904
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River Cross
2 to 3 Bedroom Apartments

River Cross

915 N 6th StLafayette, IN 47904
Student Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Otterbein, IN Local Guide

Cheapest Available Otterbein Apartments for Rent and Nearby

 

The cheapest available apartment rental in Otterbein, IN is a Studio unit found at Stonecrest Apartments in the Downtown Lafayette neighborhood priced from $625. Launch in the Discovery Park neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $649. Here is today’s list of the most affordable Otterbein apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonecrest ApartmentsStudioStudio,1BA$625
Launch3A3BR,3BA$649
Woods EdgeThe Boilermaker1BR,1BA$750
Fairway ApartmentsKingston | Text to Tour 765-735-3515. Priced pe...2BR,1BA$760
The Vibe on ParamountThe Vibe at Paramount - 2 Bed/2 Bath - Unit 103...2BR,2BA$780
Historic Downtown Apartments II2x12BR,1BA$800
The Luna FlatsLuna Flats - Individual Lease - 2bed (Private R...2BR,2BA$850
Vantage Pointe Apartments1x1 R1BR,1BA$955
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975
Highland Apartments2 Bedroom A2BR,1BA$975

Best Value Apartments for Rent in Otterbein, IN and Nearby

As of May 01, 2026 the best value apartment in the Otterbein area is the $0.34 price per square foot 3 Bedroom x 3.5 Bathroom Townhouse Model at Lark West Lafayette Townhomes in the starting from $649. The second greatest value Otterbein apartment is the Leasing NOW - 2026 Brand new 3bd/2bth homes Model at Candlelight Estates starting at $1,297 with a $1.06 price per square foot . Here is today’s list of the best values for Otterbein apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lark West Lafayette Townhomes3 Bedroom x 3.5 Bathroom Townhouse3BR,3.5BA$0.34
Candlelight EstatesLeasing NOW - 2026 Brand new 3bd/2bth homes3BR,2BA$1.06
Lodge on the TrailNevada-PREM3BR,3BA$0.56
The Cottages on Lindberg2 BEDROOM 2.5 BATH2BR,2.5BA$0.77
Southern Winds Apartments2 Bed/2 Bath Vaulted2BR,2BA$1.20
The Oasis3C- Premium 13's3BR,3BA$0.78
Wabash Lofts2x22BR,2BA$1.04
The Vibe on ParamountThe Vibe at Paramount - 2 Bed/2 Bath - Unit 103...2BR,2BA$0.87
Fairway ApartmentsKingston | Text to Tour 765-735-3515. Priced pe...2BR,1BA$0.85
Woods EdgeThe Boilermaker1BR,1BA$1.07

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

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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 Otterbein, IN Rentals by Map

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See the most popular apartments and homes in Otterbein, IN

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Frequently Asked Questions about Cheap Otterbein Apartments

What is the Cheapest Studio apartment in Otterbein?

Currently the most affordable Cheap Studio Apartment in Otterbein is at Stonecrest Apartments listed at $625.

How much is rent for a Cheap One Bedroom Otterbein Apartment?

The lowest price for a Cheap One Bedroom Otterbein Apartment is $750 at Woods Edge.

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

Today's best deal for a Cheap Two Bedroom Apartment in Otterbein is starting from $719 at Launch.

What is the most affordable Otterbein Three Bedroom Apartment?

The best deal on a cheap Otterbein Three Bedroom Apartment rental is at Launch and starts from $649.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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.