Cheap Apartments for Rent in Otwell, IN from $300 (32 Rentals)

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

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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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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included

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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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
  • Utilities Included

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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Showing Results 1-32, Page 1 of 1

Otwell, IN Local Guide

Cheapest Available Otwell Apartments for Rent and Nearby

 

The cheapest available apartment rental in Otwell, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. 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 $650. Here is today’s list of the most affordable Otwell apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$650
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$700
MeadowoodStudio RenoStudio,1BA$700
Princeton Court1 Bed 1 Bath1BR,1BA$710
TERRA TRACEThe Dogwood1BR,1BA$749
North ParkMcCallister1BR,1BA$775
Southern Meadows Senior Living1 Bed Villa1BR,1BA$795
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800
The Timbers ApartmentsThe Walnut 1 BR 1 BA1BR,1BA$877

Best Value Apartments for Rent in Otwell, IN and Nearby

As of January 25, 2026 the best value apartment in the Otwell area is the $1.05 price per square foot 3BR Villa Model at Circle Point Villas in the starting from $1,615. The second greatest value Otwell apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,450 with a $1.19 price per square foot in the Business 41 neighborhood. Here is today’s list of the best values for Otwell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point Villas3BR Villa3BR,2BA$1.05
Apartments@413BR/2.0BA3BR,2BA$1.19
Devonshire Gardens I & II2 Bed 2 Bath A2BR,2BA$1.01
Kimber Green ApartmentsThe Aspen (Down)2BR,1.5BA$1.19
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.09
North ParkBerkshire2BR,1.5BA$1.11
Baldwin Heights1 Bedroom1BR,1BA$1.18
Ironton at Shoals2 Beds, 1 Baths2BR,1BA$1.13
Southern Meadows Senior Living1 Bed Villa1BR,1BA$1.16
Princeton Court1 Bed 1 Bath1BR,1BA$1.23

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 Otwell, IN Rentals by Map

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See the most popular apartments and homes in Otwell, IN

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Frequently Asked Questions about Cheap Otwell Apartments

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

The lowest price for a Cheap One Bedroom Otwell Apartment is $599 at SPRING VALLEY FLATS.

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

Today's best deal for a Cheap Two Bedroom Apartment in Otwell is starting from $845 at Ironton at Shoals.

What is the most affordable Otwell Three Bedroom Apartment?

The best deal on a cheap Otwell Three Bedroom Apartment rental is at Apartments@41 and starts from $1,450.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.