
Cheap Homes for Rent in Otwell, IN from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Otwell.


108 E Main St

1520 Main St

5054 IN-56

1409 Vine St

1044 N Eskew Rd

1103 Broadway St
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.

218 Dale Haven Dr

107 Olde Newburgh Dr

10 Benjamin Ln

105 Trailer Ct

8001 Alexandra Ln

1439 S 350 W

501 Lincoln Ave
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.
Otwell, IN Local Guide

How much does it cost to rent a home in Otwell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otwell 2 Bedroom Homes for Rent | $1,083 | $625 | $1,425 |
| Otwell 3 Bedroom Homes for Rent | $1,641 | $900 | $2,550 |
| Otwell 4 Bedroom Homes for Rent | $2,431 | $1,400 | $2,700 |
| Otwell 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent in Otwell
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Otwell, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $650 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Cine Senior Apartments | Two Bedroom | 2BR,1BA | $690 |
| Shannon Glenn | McConnell | 2BR,1BA | $710 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
| Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.15 |
| The Westcott | 3 Bed, 2 Bath | 3BR,2BA | $1.15 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.10 |
| Andrea Court North | 2BR/1.0BA | 2BR,1BA | $1.03 |
| River Club | Columbia - Renovated | 1BR,1BA | $1.14 |
| Kimber Green Apartments | The Maple (Up) | 1BR,1BA | $1.15 |
| North Park | McCallister | 1BR,1BA | $1.10 |
| Devonshire Gardens I & II | II 1 Bed 1 Bath B | 1BR,1BA | $1.15 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,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.
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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Otwell
What type of rentals are currently available in Otwell?
There are currently 44 Apartments for Rent in Otwell, IN with pricing that ranges from $425 to $4,449. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otwell ranging from $625 to $3,200.
What is the current price range for Rental Homes in Otwell?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Otwell ranges from $625 to $3,200 with an average monthly rent of $1,692.
How much are larger Three and Four Bedroom Rentals in Otwell?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Otwell range from $1,270 to $3,605, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,849.
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

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.

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.

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.

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.