Cheap Apartments for Rent in Otwell, IN from $300 (52 Rentals)

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

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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included
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SPRING VALLEY FLATS
1 to 2 Bedroom Apartments

SPRING VALLEY FLATS

4400 Spring Valley RdEvansville, IN 47710
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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

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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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
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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

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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Andrea Court North
2 Bedroom Apartments

Andrea Court North

8955 Andrea CtNewburgh, IN 47630
Senior Living
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Apartments@41
1 to 3 Bedroom Apartments

Apartments@41

4135 U.S. 41Evansville, IN 47711
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Naveen Pine Townhomes
1 to 4 Bedroom Apartments

Naveen Pine Townhomes

1210 Vista CtEvansville, IN 47710
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

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. Southern Meadows Senior Living 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
Southern Meadows Senior Living1 Bed Apt1BR,1BA$650
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Cine Senior ApartmentsTwo Bedroom2BR,1BA$690
Shannon GlennMcConnell2BR,1BA$710
Terra Trace Apartments1x1-Q-6371BR,1BA$749
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$750
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$770
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$772
North ParkMcCallister1BR,1BA$825

Best Value Apartments for Rent in Otwell, IN and Nearby

As of June 20, 2026 the best value apartment in the Otwell area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Otwell apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 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 VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
Apartments@413BR/2.0BA3BR,2BA$1.15
The Westcott3 Bed, 2 Bath3BR,2BA$1.15
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.10
Andrea Court North2BR/1.0BA2BR,1BA$1.03
River ClubColumbia - Renovated1BR,1BA$1.14
Kimber Green ApartmentsThe Maple (Up)1BR,1BA$1.15
North ParkMcCallister1BR,1BA$1.10
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$1.15
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.15

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 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 $690 at Cine Senior Apartments.

What is the most affordable Otwell Three Bedroom Apartment?

The best deal on a cheap Otwell Three Bedroom Apartment rental is at Brooklyn Place and starts from $1,369.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.